Brick Duplex with Off-Street
For Sale
$375,000
209 N BROOM Street, Wilmington, DE 19805
Multi-Family, WILMINGTON, DE
Property Size2,200 SF
Lot Size0.04 Acres
Price / SF$170.45
Days on Market93
Property Features for 209 N BROOM Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking
2
Parking features
Off Street
Subdivision
WILM #01
Elementary school
WARNER
Middle school
HENRY B. DU PONT
High school
ALEXIS I. DUPONT
Elementary school district
RED CLAY CONSOLIDATED
Middle school district
RED CLAY CONSOLIDATED
High school district
RED CLAY CONSOLIDATED
Standard status
Active
Size
2,200 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
2850
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1900
Number of units
1
Building materials
Brick
Architectural style
Colonial
Listing Agency:
EXP Realty, LLC
(888) 543-4829
Listed By:
Erik Bashford · License #RS-0020681
(302) 540-8048
Added: Jul 28
Changed: Sep 10
Last Checked: Oct 28 at 3:06AM
MLS# DENC2108044
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.
This brick duplex at 209 N Broom Street contains two residential units within a 2,200-square-foot Colonial property built in 1900. The first unit has 3 bedrooms and 1 full bathroom, while the second provides 4 bedrooms and 1 full bathroom. Both units feature generous room sizes and are heated by hot water systems. Off-street parking is included.
The property is positioned near downtown Wilmington with access to major highways, public transportation, shopping, restaurants, and employment centers. Its location and two-unit configuration support both traditional rental use and an owner-occupant arrangement, subject to the buyer’s intended use. The property is in New Castle County, Delaware, within ZIP Code 19805.
The property is positioned near downtown Wilmington with access to major highways, public transportation, shopping, restaurants, and employment centers. Its location and two-unit configuration support both traditional rental use and an owner-occupant arrangement, subject to the buyer’s intended use. The property is in New Castle County, Delaware, within ZIP Code 19805.
Key Highlights
- Two‑unit duplex with 2,200 square feet of building area
- Unit 1 includes 3 bedrooms and 1 full bathroom
- Unit 2 includes 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
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,935
Businesses Nearby
Explore this area
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 - Two residential units offer flexible layouts for rental use or owner occupancy near downtown Wilmington.
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 with 2,200 square feet of building area; Unit 1 includes 3 bedrooms and 1 full bathroom; Unit 2 includes 4 bedrooms and 1 full bathroom
