Colonial Duplex with Two-Car
1402 W 8TH Street, Wilmington, DE 19806
New
MULTI_FAMILY - Colonial - WILMINGTON, DE
Property size:
2,300 SFLot size:
0.12 AcresPrice / SF:
$195/SF- Added:
- Jun 13, 2026
- Days on Market:
- 1
- Last Refresh:
- Jun 13 at 11:06 pm
Property Features for 1402 W 8TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 4
- Parking features
- Off Street
- Interior features
- Wood Floors
- Fireplace
- 1
- Appliances
- Washer, Dryer
- Standard status
- Active
- Size
- 2,300 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4232
Utilities
- Heating system
- Other (Heating), Hot Water(Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1918
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Colonial
Listing agent Joseph S Kreisher Jr. License #RS209917L (302) 521-4310
Listing office RE/MAX Associates 418 E Savannah Road, Hockessin, DE (302) 645-0800
Listing date Jun 13, 2026
MLS# DENC2103974
Listing URL
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Duplex built in 1918 with colonial architectural style and brick construction.
- Both units feature wood floors, and the home includes a wood‑burning fireplace.
- First‑floor unit includes a primary suite with tiled en‑suite bath (Jacuzzi tub), walk‑in closet, and access to a year‑round sunroom.
- Updated galley kitchen with granite countertops, stainless steel appliances, oak cabinetry, and pantry with slide‑out shelving.
- Second‑floor unit has a flexible layout that can function as 2 or 3 bedrooms, plus an eat‑in kitchen with pantry and balcony with Wilmington skyline views.
- Low‑maintenance brick and vinyl shake exterior, detached 2‑car garage with electric service, and 58 updated windows; includes basement storage.
Overview
This colonial duplex offers two separate residences with shared entrance via a welcoming covered front porch. The first-floor home includes a foyer with hardwood floors, custom millwork, and original architectural details. A spacious living room features a wood-burning fireplace, decorative wall sconces, and abundant natural light, with original glass pocket doors leading to a formal dining room with an elegant coffered ceiling. The main level also includes a den and a convenient powder room. The primary bedroom suite provides a tiled en-suite bath with a Jacuzzi tub, a walk-in closet, and direct access to a bright sunroom. An updated galley kitchen offers granite countertops, stainless steel appliances, oak cabinetry, and a pantry with slide-out shelving, and a Trex deck overlooks a landscaped rear yard.
The second-floor unit has a flexible floor plan that can function as a two- or three-bedroom residence. It includes a large eat-in kitchen with a pantry, access to a balcony, and entry to a huge attic for storage. Each room has ceiling fans, wall-to-wall carpeting, and solid wood doors.
Additional property features include a low-maintenance brick and vinyl shake exterior, 58 updated windows, custom radiator covers, built-in shelving, and a basement with strong storage capacity. A detached two-car garage with electric service supports convenient parking and everyday access. Located at 1402 W 8TH Street in Wilmington’s Cool Spring area, the property is maintained with long-time owner-occupant care and offers straightforward living arrangements with room to adapt by unit.
The second-floor unit has a flexible floor plan that can function as a two- or three-bedroom residence. It includes a large eat-in kitchen with a pantry, access to a balcony, and entry to a huge attic for storage. Each room has ceiling fans, wall-to-wall carpeting, and solid wood doors.
Additional property features include a low-maintenance brick and vinyl shake exterior, 58 updated windows, custom radiator covers, built-in shelving, and a basement with strong storage capacity. A detached two-car garage with electric service supports convenient parking and everyday access. Located at 1402 W 8TH Street in Wilmington’s Cool Spring area, the property is maintained with long-time owner-occupant care and offers straightforward living arrangements with room to adapt by unit.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.3k | $16.20 |
| − Vacancy | −$2.4k | −$1.05 |
| EGI | $34.8k | $15.15 |
| − OpEx | −$10.5k | −$4.54 |
| NOI | $24.4k | $10.60 |
2,300 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$348.4K
$304.8K – $406.5K
NOI $24,387 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$311.2K
$272.3K – $363.1K
NOI $21,785 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$550.1K
$481.4K – $641.8K
NOI $38,510 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Castle
- State
- Delaware
- Longitude
- -75.56451
- Latitude
- 39.74933
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained colonial duplex with flexible second-floor layout and a detached two-car garage for added tenant or owner convenience.
Where is this duplex located?
The property is located at 1402 W 8TH Street Wilmington, DE.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Duplex built in 1918 with colonial architectural style and brick construction.; Both units feature wood floors, and the home includes a wood‑burning fireplace.; First‑floor unit includes a primary suite with tiled en‑suite bath (Jacuzzi tub), walk‑in closet, and access to a year‑round sunroom.
