Brick Duplex with Two
For Sale
$250,000
2521 N TATNALL Street, Wilmington, DE 19802
Multi-Family, WILMINGTON, DE
Property Size1,525 SF
Lot Size0.04 Acres
Price / SF$163.93
Days on Market110
Property Features for 2521 N TATNALL Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Appliances
Refrigerator, Stove
Subdivision
WILM #05
Elementary school district
RED CLAY CONSOLIDATED
Middle school district
RED CLAY CONSOLIDATED
High school district
RED CLAY CONSOLIDATED
Standard status
Active
Size
1,525 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Annual Amount
2286
Utilities
Heating system
Baseboard, Hot Water(Heating)
Building Details
Year built
1920
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
EXP Realty, LLC
(888) 543-4829
Listed By:
Jemimah E. Chuks · License #RS-0026132
(302) 359-8337
Added: Jun 18
Changed: Sep 13
Last Checked: Oct 5 at 8:06PM
MLS# DENC2105412
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.
Investment Insights
Based on property information with market context.
Located at 2521 N Tatnall Street in Wilmington, Delaware, this 1,525-square-foot duplex contains two separate residential units. The brick property was built in 1920 and includes a basement, refrigerator, and stove appliances. Heating is provided by baseboard and hot water systems, with on-street parking available.
The property sits on a 0.04-acre lot near parks, restaurants, and public transportation. Its two-unit configuration supports separate living spaces, and the sale is offered in as-is condition.
The property sits on a 0.04-acre lot near parks, restaurants, and public transportation. Its two-unit configuration supports separate living spaces, and the sale is offered in as-is condition.
Key Highlights
- Two‑unit duplex with 1,525 square feet
- Brick construction with 1920 build year
- 0.04‑acre lot at 2521 N Tatnall Street
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.
Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separate living spaces include refrigerator and stove appliances.
Where is this duplex located?
The property is located at 2521 N TATNALL Street 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‑unit duplex with 1,525 square feet; Brick construction with 1920 build year; 0.04‑acre lot at 2521 N Tatnall Street
