Duplex with Detached
133 W South St, Smyrna, DE 19977
For Sale
$375,000
Two three-bedroom units include private entrances, a fenced yard, and a walk-up attic in the upper residence.
Property Size2,544 SF
Price / SF$147.41
Days on Market97
Property Features for 133 W South St
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Crown Homes Real Estate
Listed By:
John N Lyons · License DE RB-0031289
(302) 824-3246
Source:
Diamondhomesteam
Added: Aug 7
Changed: Oct 25
Last Checked: Oct 7 at 2:15PM
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 Crown Homes Real Estate
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Investment Insights
Based on property information with market context.
This duplex at 133 W South St in Smyrna, DE contains 2,544 square feet across two three-bedroom, one-bath units. Each residence has its own private entrance, while the upper unit adds a walk-up attic. Exterior features include a fenced backyard, wraparound front porch, and detached garage with flexible storage or workshop utility.
Both heaters and the water heater were replaced in 2019, and the roof was installed in 2023. The first-floor unit is leased through March 2027 with rent paid in full. The second unit provides a separate residence within the same two-unit property.
Both heaters and the water heater were replaced in 2019, and the roof was installed in 2023. The first-floor unit is leased through March 2027 with rent paid in full. The second unit provides a separate residence within the same two-unit property.
Key Highlights
- 2,544‑square‑foot duplex with two 3‑bedroom, 1‑bath units
- Each unit has a private entrance
- Upper unit includes a walk‑up attic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,562
Cap Rate
7.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,240
$551.2K
Cap Rate 7%
$393,743
$393.7K
Cap Rate 9%
$306,244
$306.2K
Market Conditions
NOI Build-Up for 2,544 SF
Gross rent
$41.2K $16.20/SF
− Vacancy
−$1.8K −$0.72/SF
EGI
$39.4K $15.48/SF
− OpEx
−$11.8K −$4.64/SF
NOI
$27.6K $10.83/SF
Area
Kent County, DE
Vacancy
4.46%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$551,240
Cap Rate 7%
$393,743
Cap Rate 9%
$306,244
Alternative Uses
Best Use
Multifamily LT 5
$393.7K
$344.5K – $459.4K
NOI $27,562 @ 7.0% cap · market cap 7.35%
Second Best
Apartment 5plus
$363.5K
$318.0K – $424.0K
NOI $25,442 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$640.6K
$560.5K – $747.4K
NOI $44,841 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Location Intelligence
Trade Area within ½ mile
741
Businesses Nearby
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Business Placement
Demographics for 19977, DE
27,505
Population
9,899
Households
2.8
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
83.1 sq mi
ZIP Area
331
Density / Sq Mi
$78,803
Median Household Income
$48,246
Median Earnings
$1,366
Median Rent
$311,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units include private entrances, a fenced yard, and a walk-up attic in the upper residence.
Where is this duplex located?
The property is located at 133 W South St Smyrna, DE.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,544‑square‑foot duplex with two 3‑bedroom, 1‑bath units; Each unit has a private entrance; Upper unit includes a walk‑up attic
