Mixed-Use Property with
For Sale
$699,000
1600 PHILADELPHIA Pike, Wilmington, DE 19809
Multi-Family, WILMINGTON, DE
Property Size4,075 SF
Lot Size0.32 Acres
Price / SF$171.53
Days on Market47
Property Features for 1600 PHILADELPHIA Pike
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Rooms
Basement
Parking
14
Parking features
Fenced, Parking Lot, Driveway, Off Street
Interior features
2nd Kitchen, Attic, Carpet, Exposed Beams, Floor Plan - Open, Floor Plan - Traditional, Kitchen - Eat-In, Kitchen - Galley, Recessed Lighting, Store/Office, Bathroom - Tub Shower, Wood Floors
Fireplace
1
Appliances
Refrigerator
Elementary school district
BRANDYWINE
Middle school district
BRANDYWINE
High school district
BRANDYWINE
Standard status
Active
Size
4,075 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Annual Amount
5261
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1875
Number of units
3
Building materials
Asphalt, Combination, Mixed, Stick Built, Vinyl Siding
Architectural style
Other
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(215) 923-7600
Listed By:
Zachary Dupras
(302) 242-5280
Added: Sep 19
Changed: Oct 6
Last Checked: Nov 4 at 1:06AM
MLS# DENC2111634
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.
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Investment Insights
Based on property information with market context.
Built in 1875, this 4,075-square-foot mixed-use property includes a five-bedroom main residence, a street-facing commercial space, and an upper-level apartment. The residence has two full bathrooms, an updated kitchen, hardwood and laminate flooring, and a three-season sunroom. The apartment has its own kitchen and full bath, while the commercial area features exposed beams. The main residence has a one-year lease in place, and the commercial space is leased to a print shop under a multi-year agreement.
The property occupies a 0.32-acre corner lot on Philadelphia Pike in Wilmington. Access to I-95, I-495, and Claymont train station is noted. Parking includes eight spaces designated for the commercial area and six additional spaces for tenants. The grounds also include a fenced backyard, mature trees, a fire pit area, and storage outbuildings.
The property occupies a 0.32-acre corner lot on Philadelphia Pike in Wilmington. Access to I-95, I-495, and Claymont train station is noted. Parking includes eight spaces designated for the commercial area and six additional spaces for tenants. The grounds also include a fenced backyard, mature trees, a fire pit area, and storage outbuildings.
Key Highlights
- 4,075‑square‑foot mixed‑use property on a 0.32‑acre lot
- Five‑bedroom main residence with two full bathrooms
- Commercial space leased to a print shop under a multi‑year lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,207
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,140
$864.1K
Cap Rate 7%
$617,243
$617.2K
Cap Rate 9%
$480,078
$480.1K
Market Conditions
NOI Build-Up for 4,075 SF
Gross rent
$66.0K $16.20/SF
− Vacancy
−$4.3K −$1.05/SF
EGI
$61.7K $15.15/SF
− OpEx
−$18.5K −$4.54/SF
NOI
$43.2K $10.60/SF
Area
New Castle County, DE
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$864,140
Cap Rate 7%
$617,243
Cap Rate 9%
$480,078
Alternative Uses
Best Use
Multifamily LT 5
$617.2K
$540.1K – $720.1K
NOI $43,207 @ 7.0% cap · market cap 6.18%
Second Best
Mixed Use
$593.3K
$519.1K – $692.1K
NOI $41,528 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$974.7K
$852.9K – $1.14M
NOI $68,229 @ 7.0% cap · market cap 9.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
982
Businesses Nearby
Explore this area
Business Placement
Demographics for 19809, DE
14,658
Population
6,531
Households
2.2
Avg Household Size
42
Median Age
45%
College-Educated
97%
High-School Grad
6.8 sq mi
ZIP Area
2,156
Density / Sq Mi
$85,988
Median Household Income
$56,266
Median Earnings
$1,373
Median Rent
$308,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A street-facing commercial space and two residential areas provide a combined retail and rental configuration.
Where is this mixed-use property located?
The property is located at 1600 PHILADELPHIA Pike Wilmington, DE.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 4,075‑square‑foot mixed‑use property on a 0.32‑acre lot; Five‑bedroom main residence with two full bathrooms; Commercial space leased to a print shop under a multi‑year lease
