2-Unit Duplex with Separate
For Sale
$275,000
2719 N Jefferson St, Wilmington, DE 19802
Two apartments have distinct floor plans, with basement access and separate utility systems apart from water.
Property Size1,650 SF
Price / SF$166.67
Days on Market11
Property Features for 2719 N Jefferson St
General Information
Standard status
Active
Size
1,650 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 1BR with dining area, 1 x 2BR with dining area
Multifamily Units
2
Building Details
Year Built
1930
Buildings
1
Listing Agency:
Pantano Real Estate Inc
Listed By:
Joseph P Hurley III · License #RS-0018346
(302) 740-5524
Source:
Burkhart
Added: Oct 5
Changed: Oct 6
Last Checked: Oct 7 at 5:15PM
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 Pantano Real Estate Inc
Investment Insights
Based on property information with market context.
Built in 1930, this 1,650-square-foot, end-of-row duplex contains two apartments. The first-floor unit has one bedroom, a dining area, kitchen, full bath, and basement access. Upstairs, the two-bedroom unit includes a dining area, kitchen, full bath, and rear access to the yard. The basement has an exterior entrance and space for storage and laundry.
Utility infrastructure includes two gas meters, two electric meters, two electric panels, two boilers, and two hot water tanks; water is shared. The property is at 2719 N Jefferson Street in Wilmington, Delaware, within walking distance of parks, educational facilities, and places of worship. Major highways, the Central Business District, and the riverfront are a short drive away.
Utility infrastructure includes two gas meters, two electric meters, two electric panels, two boilers, and two hot water tanks; water is shared. The property is at 2719 N Jefferson Street in Wilmington, Delaware, within walking distance of parks, educational facilities, and places of worship. Major highways, the Central Business District, and the riverfront are a short drive away.
Key Highlights
- Two‑unit duplex with 1,650 square feet; built in 1930
- First‑floor apartment has 1 bedroom; upper apartment has 2 bedrooms
- Two gas meters, two electric meters, two electric panels, two boilers, and two hot water tanks; water is shared
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,495
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,900
$349.9K
Cap Rate 7%
$249,929
$249.9K
Cap Rate 9%
$194,389
$194.4K
Market Conditions
NOI Build-Up for 1,650 SF
Gross rent
$26.7K $16.20/SF
− Vacancy
−$1.7K −$1.05/SF
EGI
$25.0K $15.15/SF
− OpEx
−$7.5K −$4.54/SF
NOI
$17.5K $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%
$349,900
Cap Rate 7%
$249,929
Cap Rate 9%
$194,389
Alternative Uses
Best Use
Multifamily LT 5
$249.9K
$218.7K – $291.6K
NOI $17,495 @ 7.0% cap · market cap 6.36%
Second Best
Apartment 5plus
$223.3K
$195.4K – $260.5K
NOI $15,629 @ 7.0% cap · market cap 5.68%
Theoretical Best
Office A
$394.7K
$345.3K – $460.5K
NOI $27,627 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,078
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
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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 apartments have distinct floor plans, with basement access and separate utility systems apart from water.
Where is this duplex located?
The property is located at 2719 N Jefferson St Wilmington, DE.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,650 square feet; built in 1930; First‑floor apartment has 1 bedroom; upper apartment has 2 bedrooms; Two gas meters, two electric meters, two electric panels, two boilers, and two hot water tanks; water is shared
