Detached Triplex with Private
2210 Baynard Boulevard Wilmington, DE 19802
2210 Baynard Boulevard, Wilmington, DE, 19802
$520,000
Pending
For Sale
$520,000
Pending
Detached three-unit triplex with tenant patios, off-street parking, and separate gas/electric metering; roof replaced in 2019.
Property Size3,383 SF
Days on Market14
Property Features for 2210 Baynard Boulevard
General Information
- Standard status
- Pending
- Size
- 3,383 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1910
Listing agency
Keller Williams Real Estate - West Chester
(610) 399-5100
Listed by
Julianne Chamberlain · License #RS0039506
(610) 399-5100
Source
Compass
Added: Jul 9 Updated: Jul 22 at 7:13AM Checked: Jul 22 at 7:13AM
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 Keller Williams Real Estate - West Chester
Investment Insights
Based on property information with market context.
This detached three-unit triplex is fully tenant occupied and offers three separate residences. Unit A (1st Floor) is a spacious two-story home with 2 bedrooms, 2.5 bathrooms, and a finished basement. Unit B (2nd Floor) features a private entry, 2 bedrooms, 1 bath, and a dedicated outdoor patio. Unit C (3rd Floor) includes 1 bedroom, 1 bath, and a private exterior patio. The property also includes a private driveway, dedicated off-street parking, and a detached two-car garage.
The current annual gross rental income is $51,900. Gas and electric are separately metered and paid by tenants, while the owner pays for water. A new roof was installed in 2019 and is backed by a 20-year transferable warranty.
Located within the City of Wilmington in New Castle County, the property is in the Historic Baynard Boulevard District and is described as being minutes from Downtown Wilmington, Trolley Square, Brandywine Park, restaurants, shopping, and major commuter routes.
The current annual gross rental income is $51,900. Gas and electric are separately metered and paid by tenants, while the owner pays for water. A new roof was installed in 2019 and is backed by a 20-year transferable warranty.
Located within the City of Wilmington in New Castle County, the property is in the Historic Baynard Boulevard District and is described as being minutes from Downtown Wilmington, Trolley Square, Brandywine Park, restaurants, shopping, and major commuter routes.
Key Highlights
- Detached 3‑unit triplex with all units currently tenant occupied and generating $51,900 in current annual gross rental income
- Unit mix: Unit A (2BR/2.5BA, finished basement), Unit B (2BR/1BA with private patio), and Unit C (1BR/1BA with private exterior patio)
- Private driveway with dedicated off‑street parking plus a detached 2‑car garage
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 | $54.8k | $16.20 |
| − Vacancy | −$3.6k | −$1.05 |
| EGI | $51.2k | $15.15 |
| − OpEx | −$15.4k | −$4.54 |
| NOI | $35.9k | $10.60 |
3,383 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$512.4K
$448.4K – $597.8K
NOI $35,870 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$457.8K
$400.6K – $534.1K
NOI $32,044 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$809.2K
$708.0K – $944.1K
NOI $56,643 @ 7.0% cap · market cap 10.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rappaport Mark D
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Detached three-unit triplex with tenant patios, off-street parking, and separate gas/electric metering; roof replaced in 2019.
Where is this triplex located?
The property is located at 2210 Baynard Boulevard Wilmington, DE.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Detached 3‑unit triplex with all units currently tenant occupied and generating $51,900 in current annual gross rental income; Unit mix: Unit A (2BR/2.5BA, finished basement), Unit B (2BR/1BA with private patio), and Unit C (1BR/1BA with private exterior patio); Private driveway with dedicated off‑street parking plus a detached 2‑car garage
