Turnkey Duplex Investment
For Sale
$375,000
209 N BROOM STREET, Wilmington, DE 19805
Turnkey duplex built in 1900 with two units offering 3 and 4 bedrooms plus on-site parking opportunity.
Property Size2,200 SF
Price / SF$170.45
Days on Market98
Property Features for 209 N BROOM STREET
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Duplex
Additional Details
Gross Income
$42,000
Highway Access
Yes
Building Details
Year Built
1900
Tenancy
Multi
Listing Agency:
EXP Realty, LLC
(888) 543-4829
Listed By:
Erik Bashford · License #RS-0020681
(302) 540-8048
Source:
Cummingsrealtors
Added: Jul 28
Changed: Nov 1
Last Checked: Nov 1 at 4:48AM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This turnkey duplex investment property includes two residential units. Unit 1 offers three bedrooms and one full bathroom. Unit 2 offers four bedrooms and one full bathroom. The property is presented as well-maintained and income-producing.
The duplex is located at 209 N Broom Street in Wilmington, Delaware, convenient to downtown Wilmington as well as major highways and public transportation. It’s also positioned near shopping, restaurants, and employment centers.
With a total property size of 2,200 SF and a year built of 1900, this duplex offers a straightforward two-unit configuration for an owner-occupant or investor seeking rental housing.
Showing details include an open house on Thursday, July 30 at noon and Saturday, August 1 at 1:00 pm.
The duplex is located at 209 N Broom Street in Wilmington, Delaware, convenient to downtown Wilmington as well as major highways and public transportation. It’s also positioned near shopping, restaurants, and employment centers.
With a total property size of 2,200 SF and a year built of 1900, this duplex offers a straightforward two-unit configuration for an owner-occupant or investor seeking rental housing.
Showing details include an open house on Thursday, July 30 at noon and Saturday, August 1 at 1:00 pm.
Key Highlights
- Two‑unit duplex investment property
- Unit 1: 3 bedrooms and 1 full bathroom
- Unit 2: 4 bedrooms and 1 full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,326
Cap Rate
6.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,520
$466.5K
Cap Rate 7%
$333,229
$333.2K
Cap Rate 9%
$259,178
$259.2K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$35.6K $16.20/SF
− Vacancy
−$2.3K −$1.05/SF
EGI
$33.3K $15.15/SF
− OpEx
−$10.0K −$4.54/SF
NOI
$23.3K $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%
$466,520
Cap Rate 7%
$333,229
Cap Rate 9%
$259,178
Alternative Uses
Best Use
Multifamily LT 5
$333.2K
$291.6K – $388.8K
NOI $23,326 @ 7.0% cap · market cap 6.22%
Second Best
Apartment 5plus
$297.7K
$260.5K – $347.3K
NOI $20,838 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$526.2K
$460.4K – $613.9K
NOI $36,835 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,935
Businesses Nearby
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Business Placement
Demographics for 19805, DE
39,985
Population
17,281
Households
2.3
Avg Household Size
35
Median Age
23%
College-Educated
87%
High-School Grad
5.5 sq mi
ZIP Area
7,270
Density / Sq Mi
$56,708
Median Household Income
$38,043
Median Earnings
$1,203
Median Rent
$220,200
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 - Turnkey duplex built in 1900 with two units offering 3 and 4 bedrooms plus on-site parking opportunity.
Where is this duplex located?
The property is located at 209 N BROOM STREET Wilmington, 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: Two‑unit duplex investment property; Unit 1: 3 bedrooms and 1 full bathroom; Unit 2: 4 bedrooms and 1 full bathroom
