Brick Single-Family Home with
2301 N MONROE STREET Wilmington, DE 19802
New
For Sale
$255,000
SINGLE_FAMILY - WILMINGTON, DE
Property Size1,525 SF
Price / SF$167.21
Days on Market2
Property Features for 2301 N MONROE STREET
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 1
- Standard status
- Active
- Size
- 1,525 SF
Building Details
- Year built
- 1920
Listing Agency:
BHHS Fox & Roach Hockessin-Pike Creek Home Marketing
(302) 999-9999
Listed By:
Scott Farnan · License #R3-0019815
(302) 528-8276
Added: Jul 23
Changed: Jul 24
Last Checked: Jul 24 at 5:06AM
MLS# DENC2107666
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in the 1920s, this brick single-family home offers approximately 2,275 square feet of living space with 4 bedrooms and 1.5 bathrooms. The interior is ready for updates and customization, with generous room sizes and flexible living areas throughout. Mechanical and comfort features include 4 A/C window units and 5 ceiling fans.
A finished walk-out basement adds additional usable space and includes a convenient half bath. The outdoor setting is highlighted by an oversized backyard, with a built-in brick grill for outdoor entertaining, gardening, recreation, or relaxing.
Located in Wilmington, the home is described as being just minutes from downtown Wilmington and close to restaurants, shopping, entertainment, the Riverfront, Brandywine Park, the Brandywine Zoo, scenic walking trails, and I-95 for convenient commuting to Philadelphia, Newark, and surrounding areas.
A finished walk-out basement adds additional usable space and includes a convenient half bath. The outdoor setting is highlighted by an oversized backyard, with a built-in brick grill for outdoor entertaining, gardening, recreation, or relaxing.
Located in Wilmington, the home is described as being just minutes from downtown Wilmington and close to restaurants, shopping, entertainment, the Riverfront, Brandywine Park, the Brandywine Zoo, scenic walking trails, and I-95 for convenient commuting to Philadelphia, Newark, and surrounding areas.
Key Highlights
- 4‑bedroom, 1.5‑bath brick home built in 1920 with approx. 2,275 SF of living space
- 4 A/C window units and 5 ceiling fans
- Finished walk‑out basement includes a half bath and versatile flex space
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 | $24.7k | $16.20 |
| − Vacancy | −$1.6k | −$1.05 |
| EGI | $23.1k | $15.15 |
| − OpEx | −$6.9k | −$4.54 |
| NOI | $16.2k | $10.60 |
1,525 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$231.0K
$202.1K – $269.5K
NOI $16,169 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$206.4K
$180.6K – $240.8K
NOI $14,445 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$364.8K
$319.2K – $425.6K
NOI $25,534 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Built in the 1920s, this 4-bedroom home features a finished walk-out basement and an oversized backyard with a built-in brick grill.
Where is this duplex located?
The property is located at 2301 N MONROE STREET Wilmington, DE.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 4‑bedroom, 1.5‑bath brick home built in 1920 with approx. 2,275 SF of living space; 4 A/C window units and 5 ceiling fans; Finished walk‑out basement includes a half bath and versatile flex space
