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    47 N Pennewell Dr Wilmington, DE 19809

    For Sale
    $129,900

    Tenant in place, Section 8, good condition, investor opportunity.

    Lot size:
    0.04 Acres

    Property Features for 47 N Pennewell Dr

    General Information

    Lot size
    0.04 Acres

    Building Details

    Year built
    1940

    Source: RE/MAX Associates-Hockessin Agent Andrew Mulrine IV

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

    Overview

    Edgemoor Gardens Triplex For Sale

    Located in the Edgemoor Gardens community, this property features a 3-bedroom, 1-bathroom townhome. The sale is subject to the existing Section 8 tenant remaining in place, with a signed lease extending through March 2025. The current Section 8 rent is $1300.00 per month. The property is in good condition, presenting an opportunity for investors to expand their portfolios.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    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
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5026571
    Latitude
    39.75903

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    FAQs

    What type of property is this?
    Triplex - Tenant in place, Section 8, good condition, investor opportunity.
    Where is this triplex located?
    The property is located at 47 N Pennewell Dr Wilmington, DE.
    What is the asking price?
    The asking price for this property is $129,900.
    What are key features of this property?
    This property features: - Existing Section 8 tenant provides immediate rental income.; - Current Section 8 rent is $1300.00 per month.; - Tenant has a lease agreement through March 2025.
    (302) 547-7139
    Request Owner's contact information
    47 N Pennewell Dr Wilmington, DE 19809
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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
    47 N Pennewell Dr Wilmington, DE 19809
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