Executive Duplex For
1402 West 8th Street Wilmington, DE 19805
1402 West 8th Street, Wilmington, DE, 19805
$449,900
Pending
For Sale
$449,900
Pending
Duplex located in Wilmington in city limits, served by Red Clay Consolidated School District.
Property Size2,300 SF
Days on Market51
Property Features for 1402 West 8th Street
General Information
- Standard status
- Pending
- Size
- 2,300 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1918
Listing agency
RE/MAX Associates
(302) 521-4310
Listed by
Joseph S Kreisher Jr. · License #RS209917L
(302) 521-4310
Source
Compass
Added: Jun 2 Updated: Jul 21 at 1:08PM Checked: Jul 22 at 6:55AM
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 RE/MAX Associates
Investment Insights
Based on property information with market context.
This executive duplex for sale includes two residential units within a single income property. The offering is presented as a well-maintained home, with additional details and professional photos planned as the listing is released.
The property is located at 1402 West 8th Street in Wilmington, Delaware, and is within city limits. The associated school district is Red Clay Consolidated.
Additional operational details regarding unit configuration, interior finishes, and rent status are not included in the current information and will be provided as the listing is updated.
The property is located at 1402 West 8th Street in Wilmington, Delaware, and is within city limits. The associated school district is Red Clay Consolidated.
Additional operational details regarding unit configuration, interior finishes, and rent status are not included in the current information and will be provided as the listing is updated.
Key Highlights
- Duplex in Wilmington in city limits
- Served by Red Clay Consolidated School District
- Built in 1918
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 Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Duplex located in Wilmington in city limits, served by Red Clay Consolidated School District.
Where is this duplex located?
The property is located at 1402 West 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 in Wilmington in city limits; Served by Red Clay Consolidated School District; Built in 1918
