127 BROAD, Wyoming, DE 19934

Building Details

Building Size 6,626 SF More

Year Built 1910 More

Listing Agency: Keller Williams Realty Central-Delaware

Listed By: Mason McGill Jr. Show Phone

Source: Barnesrealestatecompany

Added: Aug 8 Changed: Nov 11 Last Checked: Nov 12 at 5:18PM

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Investment Insights

Based on property information with market context.

This six-unit apartment property in Wyoming, Delaware, was built in 1910 and offers a varied residential layout. The configuration includes an attached three-bedroom townhouse, a two-bedroom apartment with its own entrance, two additional three-bedroom units, another two-bedroom unit, and one one-bedroom unit.

Private parking is located at the rear of the property. The separate entrance serving one apartment provides a distinct access arrangement within the building. The property records a Walk Score of 47, categorized as car-dependent, and a Bike Score of 46, categorized as somewhat bikeable.

Key Highlights

• Six‑unit apartment property built in 1910
• Unit mix includes two 3‑bedroom units, two 2‑bedroom units, one 3‑bedroom townhouse, and one 1‑bedroom unit
• Attached 3‑bedroom townhouse adds a distinct residential configuration

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$66,265

Cap Rate

6.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,325,300 $1.3M

Cap Rate 7%

$946,643 $946.6K

Cap Rate 9%

$736,278 $736.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,626 SF

Gross rent

$126.4K $19.08/SF

− Vacancy

−$5.9K −$0.90/SF

EGI

$120.5K $18.18/SF

− OpEx

−$54.2K −$8.18/SF

NOI

$66.3K $10.00/SF

Area

Kent County, DE

Vacancy

4.70%

Lease Rate

$19.08 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,325,300

Cap Rate 7%

$946,643

Cap Rate 9%

$736,278

Alternative Uses

Best Use

Apartment 5plus

$946.6K

$828.3K – $1.10M (±1% cap)

NOI $66,265 @ 7.0% cap · market cap 6.66%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.67M

$1.46M – $1.95M (±1% cap)

NOI $116,792 @ 7.0% cap · market cap 11.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

6

Residential units

Location Intelligence

Trade Area within ½ mile

166

Businesses Nearby

Explore this area Business Placement

Demographics for 19934, DE

14,243

Population

5,318

Households

2.7

Avg Household Size

41

Median Age

35%

College-Educated

92%

High-School Grad

46.6 sq mi

ZIP Area

306

Density / Sq Mi

$79,100

Median Household Income

$40,474

Median Earnings

$1,510

Median Rent

$311,200

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Frequently Asked Questions

What type of property is this?

Apartment building - Attached townhouse, varied unit mix, and private rear parking create a flexible residential configuration.

Where is this apartment building located?

The property is located at 127 BROAD Wyoming, DE.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: Six‑unit apartment property built in 1910; Unit mix includes two 3‑bedroom units, two 2‑bedroom units, one 3‑bedroom townhouse, and one 1‑bedroom unit; Attached 3‑bedroom townhouse adds a distinct residential configuration