Student Housing Apartment
For Sale
Contact for pricing
Pending
153 Courtney St, Newark, DE 19711
Two-story off-campus residence positioned directly across from the University of Delaware.
Property Size40,196 SF
Lot Size0.51 Acres
Days on Market511
Property Features for 153 Courtney St
General Information
Standard status
Pending
Size
40,196 SF
Lot size
0.51 Acres
Property subtype
Multifamily
Net Operating Income
$597,000
Additional Details
Gross Income
$912,000
Multifamily Units
78
Building Details
Stories
2
Units
78
Listing Agency:
Horvath & Tremblay
(215) 302-4400
Listed By:
Craig Dunkle · License #PA RS324418
Source:
Crexi
Added: Apr 9, 2025
Changed: Aug 31
Last Checked: Aug 31 at 12:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Horvath & Tremblay
Investment Insights
Based on property information with market context.
This two-story apartment property provides 122 beds across 78 units, with varied unit configurations serving international and visiting students at the University of Delaware. The building contains approximately 40,196 square feet and occupies a 0.51 Acre parcel at 153 Courtney Street in Newark, Delaware.
The property is situated directly across from the university and operates under a long-term ground-lease agreement with the University. Its off-campus setting and proximity to the institution support its current student-oriented residential use. The University of Delaware reported approximately 24,412 students as of 2025 and offers programs through ten colleges and schools.
The property is situated directly across from the university and operates under a long-term ground-lease agreement with the University. Its off-campus setting and proximity to the institution support its current student-oriented residential use. The University of Delaware reported approximately 24,412 students as of 2025 and offers programs through ten colleges and schools.
Key Highlights
- 122 beds across 78 units
- Approximately 40,196 square feet in a two‑story building
- Located on a 0.51 Acre parcel
Property Analytics
Property Profile
Current Use
Lease Details
78
Residential units
Location Intelligence
Trade Area within ½ mile
1,480
Businesses Nearby
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Business Placement
Demographics for 19711, DE
48,477
Population
20,617
Households
2.4
Avg Household Size
37
Median Age
53%
College-Educated
95%
High-School Grad
27.4 sq mi
ZIP Area
1,769
Density / Sq Mi
$94,455
Median Household Income
$43,790
Median Earnings
$1,516
Median Rent
$376,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Apartment building - Two-story off-campus residence positioned directly across from the University of Delaware.
Where is this apartment building located?
The property is located at 153 Courtney St Newark, DE.
What are key features of this property?
This property features: 122 beds across 78 units; Approximately 40,196 square feet in a two‑story building; Located on a 0.51 Acre parcel
