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    602 N Dupont Hwy New Castle, DE 19720

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    For Sale
    $4,000,000

    Well-maintained 24-unit apartment complex in New Castle, Delaware.

    Lot size:
    0.90 Acres

    Property Features for 602 N Dupont Hwy

    General Information

    Lot size
    0.90 Acres

    Building Details

    Year built
    1972

    Source: Crown Homes Real Estate Agent Kristin L Plummer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    24-Unit Apartment Complex Investment

    This well-maintained apartment complex in New Castle features 24 units across two brick buildings. The property includes 22 two-bedroom, one-bath apartments and 2 one-bedroom, one-bath units. The two-bedroom apartments feature a consistent floor plan. On-site parking is available for residents, along with a playground area. The property is located in a convenient New Castle location near Wilmington University Campus and Route 13, offering a stable, income-producing asset.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Castle
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5857711
    Latitude
    39.6845533

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 24-unit apartment complex in New Castle, Delaware.
    Where is this apartment building located?
    The property is located at 602 N Dupont Hwy New Castle, DE.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: - Substantial investment opportunity with this 24-unit apartment complex.; - Solid brick construction ensures durability.; - Features a mix of 22 two-bedroom and 2 one-bedroom units.
    (302) 250-2013
    Request Owner's contact information
    602 N Dupont Hwy New Castle, DE 19720
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    New Castle, DE 19720
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    602 N Dupont Hwy New Castle, DE 19720
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