Two-Unit
For Sale
$250,000
2521 N Tatnall St, Wilmington, DE 19802
Duplex with two separate living spaces and access to nearby parks, restaurants, and public transportation.
Property Size1,525 SF
Price / SF$163.93
Days on Market82
Property Features for 2521 N Tatnall St
General Information
Standard status
Active
Size
1,525 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1920
Listing Agency:
EXP Realty, LLC
Listed By:
Jemimah E. Chuks · License #RS-0026132
(302) 359-8337
Source:
Integrityresidentialsales
Added: Jul 26
Changed: Oct 11
Last Checked: Oct 7 at 4:38PM
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
Investment Insights
Based on property information with market context.
This duplex contains two income-producing units with distinct living spaces within a 1,525-square-foot residential property. Constructed in 1920, the building offers a two-unit configuration for an owner-occupant or multifamily investor seeking separate residential areas.
The property is located on N Tatnall Street in Wilmington, near parks, restaurants, and public transportation. It is being offered in as-is condition.
The property is located on N Tatnall Street in Wilmington, near parks, restaurants, and public transportation. It is being offered in as-is condition.
Key Highlights
- Two income‑producing residential units
- 1,525‑square‑foot duplex built in 1920
- Separate living spaces for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,169
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$323,380
$323.4K
Cap Rate 7%
$230,986
$231.0K
Cap Rate 9%
$179,656
$179.7K
Market Conditions
NOI Build-Up for 1,525 SF
Gross rent
$24.7K $16.20/SF
− Vacancy
−$1.6K −$1.05/SF
EGI
$23.1K $15.15/SF
− OpEx
−$6.9K −$4.54/SF
NOI
$16.2K $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%
$323,380
Cap Rate 7%
$230,986
Cap Rate 9%
$179,656
Alternative Uses
Best Use
Multifamily LT 5
$231.0K
$202.1K – $269.5K
NOI $16,169 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$206.4K
$180.6K – $240.8K
NOI $14,445 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$364.8K
$319.2K – $425.6K
NOI $25,534 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,353
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two separate living spaces and access to nearby parks, restaurants, and public transportation.
Where is this duplex located?
The property is located at 2521 N Tatnall St Wilmington, DE.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two income‑producing residential units; 1,525‑square‑foot duplex built in 1920; Separate living spaces for each unit
