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Updated Duplex in Wilmington

1607 W 4TH Street, Wilmington, DE 19805

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For Sale

$230,000

MULTI_FAMILY - Other - WILMINGTON, DE

Property size:

1,800 SF

Lot size:

0.04 Acres

Price / SF:

$127/SF

HighLights

Brick 2‑unit property at 1607 W 4th St, Wilmington, DE 19805
Main‑floor unit: 1 bed, 1 bath; described as already updated
Second‑floor unit: 2 beds, 2 baths plus a bonus room for a home office or possible 3rd bedroom
Updated electrical systems
Central Air cooling and “Other (Heating)”
Current tenant rent reported at $1,400

We can help!

Listing Contact

Jemimah E. Chuks

For Sale

$230,000

MULTI_FAMILY - Other - WILMINGTON, DE

Property size:

1,800 SF

Lot size:

0.04 Acres

Price / SF:

$127/SF

Added:: Mar 27, 2026
Days on Market:: 78
Last Refresh:: Jun 12 at 10:06 am

Property Features for 1607 W 4TH Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Parking features: Assigned, On Street
Standard status: Active
Size: 1,800 SF
Lot size: 0.04 Acres

Taxes and HOA fees

Tax Annual Amount: 2531

Utilities

Heating system: Other (Heating)
Cooling system: Central Air

Building Details

Year built: 1890
Number of units: 2
Building materials: Brick
Architectural style: Other

We can help!

Listing Contact

Jemimah E. Chuks

Listing agent Jemimah E. Chuks License #RS-0026132

Listing office EXP Realty, LLC 11 Parkway Circle unit: 200, Dover, DE

Listing date Mar 27, 2026

MLS# DENC2099576 Listing URL

HighLights

Brick 2‑unit property at 1607 W 4th St, Wilmington, DE 19805
Main‑floor unit: 1 bed, 1 bath; described as already updated
Second‑floor unit: 2 beds, 2 baths plus a bonus room for a home office or possible 3rd bedroom
Updated electrical systems
Central Air cooling and “Other (Heating)”
Current tenant rent reported at $1,400

Overview

Located in Wilmington, Delaware, this two-unit property at 1607 W 4th St presents an opportunity for investors and first-time homebuyers. The main floor unit features one bedroom and one bathroom and has been updated. The second-floor unit includes two bedrooms, two bathrooms, and a bonus room suitable for a home office or a possible third bedroom. The property has updated electrical systems. The lot size is 0.04 acres, and the property size is 1800 square feet. The current tenants are paying $1,400. This multi-unit setup allows investors to add to their rental portfolio. First-time buyers can live in one unit and generate income from the second unit to offset mortgage payments.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$29.2k	$16.20
− Vacancy	−$1.9k	−$1.05
EGI	$27.3k	$15.15
− OpEx	−$8.2k	−$4.54
NOI	$19.1k	$10.60

1,800 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$272.6K

$238.6K – $318.1K (±1% cap)

NOI $19,085 @ 7.0% cap · market cap 8.30%

Second Best

Apartment 5plus

$243.6K

$213.1K – $284.2K (±1% cap)

NOI $17,049 @ 7.0% cap · market cap 7.41%

Theoretical Best

Office A

$430.5K

$376.7K – $502.3K (±1% cap)

NOI $30,138 @ 7.0% cap · market cap 13.10%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Wilmington
County: New Castle
State: Delaware
Longitude: -75.56827
Latitude: 39.74762

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For sale
Duplexes
DE
Wilmington
19805
1607 W 4TH Street

What type of property is this?

Duplex - Two-unit property with updated electrical systems, suitable for investors.

Where is this duplex located?

The property is located at 1607 W 4TH Street Wilmington, DE.

What is the asking price?

The asking price for this property is $230,000.

What are key features of this property?

This property features: Brick 2‑unit property at 1607 W 4th St, Wilmington, DE 19805; Main‑floor unit: 1 bed, 1 bath; described as already updated; Second‑floor unit: 2 beds, 2 baths plus a bonus room for a home office or possible 3rd bedroom

1607 W 4TH Street, Wilmington, DE 19805

MULTI_FAMILY - Other - WILMINGTON, DE

Property Features for 1607 W 4TH Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Versatile Office Building with Parking

Renovated Office Building in Wilmington

Wilmington Triplex: Investment Opportunity

Trinity Vicinity Triplex in Wilmington

Renovated Triplex with Updated Interiors

North Wilmington Commercial Opportunity

Corner Retail and Apartment Building

Mixed-Use Building in Central Business District

Colonial Multifamily Property in Wilmington

Retail Storefront with Off-Street Parking

Prime Commercial Property in Wilmington

Wilmington Triplex Near Downtown

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