Detached Triplex with Two-Car
For Sale
$625,000
2401 N BROOM St, Wilmington, DE 19802
Three occupied apartments offer varied layouts, fireplaces, kitchens, and shared garage storage in Wilmington.
Property Size3,875 SF
Price / SF$161.29
Days on Market57
Property Features for 2401 N BROOM St
General Information
Standard status
Active
Size
3,875 SF
Total Parking Spaces
2
Property subtype
Investment
Units
Unit Mix
2 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$7,051
Building Details
Building Size
3,875 SF
Year Built
1924
Buildings
1
Units
3
Listing Agency:
Long & Foster Real Estate
Listed By:
Rose M Bloom · License #RS-0013852
(302) 690-3298
Source:
Elliman
Added: Sep 11
Changed: Oct 31
Last Checked: Nov 4 at 1:41PM
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 Long & Foster Real Estate
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Investment Insights
Based on property information with market context.
This detached triplex contains 3,875 square feet and was built in 1924. Two of the apartments include three bedrooms, one full bathroom, a full kitchen with butler pantry, dining room, living room, and wood-burning fireplace. The third unit has two bedrooms, one full bathroom, a studio-style kitchenette, and a family room. A two-car garage provides additional storage, with a designated laundry area also included.
The property is located at 2401 N BROOM St in Wilmington, Delaware, near Salesianum School. WalkScore is 62, BikeScore is 44, and TransitScore is 58. The location also offers access to schools, transportation, employment centers, and major roadways.
The property is located at 2401 N BROOM St in Wilmington, Delaware, near Salesianum School. WalkScore is 62, BikeScore is 44, and TransitScore is 58. The location also offers access to schools, transportation, employment centers, and major roadways.
Key Highlights
- Three separate rented apartments within one detached property
- 3,875‑square‑foot triplex built in 1924
- Two 3‑bedroom apartments with full kitchens, butler pantries, dining rooms, living rooms, and wood‑burning fireplaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,086
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$821,720
$821.7K
Cap Rate 7%
$586,943
$586.9K
Cap Rate 9%
$456,511
$456.5K
Market Conditions
NOI Build-Up for 3,875 SF
Gross rent
$62.8K $16.20/SF
− Vacancy
−$4.1K −$1.05/SF
EGI
$58.7K $15.15/SF
− OpEx
−$17.6K −$4.54/SF
NOI
$41.1K $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%
$821,720
Cap Rate 7%
$586,943
Cap Rate 9%
$456,511
Alternative Uses
Best Use
Multifamily LT 5
$586.9K
$513.6K – $684.8K
NOI $41,086 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$524.3K
$458.8K – $611.7K
NOI $36,704 @ 7.0% cap · market cap 5.87%
Theoretical Best
Office A
$926.9K
$811.0K – $1.08M
NOI $64,881 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
720
Businesses Nearby
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Business Placement
Demographics for 19802, DE
26,189
Population
11,596
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
89%
High-School Grad
3.5 sq mi
ZIP Area
7,483
Density / Sq Mi
$54,370
Median Household Income
$39,579
Median Earnings
$1,236
Median Rent
$188,400
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Wilmington, DE
Properties on Market for Triplexes in Wilmington
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three occupied apartments offer varied layouts, fireplaces, kitchens, and shared garage storage in Wilmington.
Where is this triplex located?
The property is located at 2401 N BROOM St Wilmington, DE.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Three separate rented apartments within one detached property; 3,875‑square‑foot triplex built in 1924; Two 3‑bedroom apartments with full kitchens, butler pantries, dining rooms, living rooms, and wood‑burning fireplaces
