Two-Unit Three-Bedroom
For Sale
$249,900
303 N Front St, Seaford, DE 19973
Two residential units offer separated living areas, open kitchen-to-dining layouts, and one currently occupied side.
Property Size843 SF
Price / SF$296.44
Days on Market82
Property Features for 303 N Front St
General Information
Standard status
Active
Size
843 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1990
Listing Agency:
Linda Vista Real Estate
Listed By:
Jose Quinones · License #RB-0020840
(302) 883-1928
Source:
Harmonandassociatesrealestate
Added: Jul 28
Changed: Oct 5
Last Checked: Oct 7 at 3:07PM
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 Linda Vista Real Estate
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Investment Insights
Based on property information with market context.
Built in 1990, this duplex contains two residential units with matching layouts. Each side includes three bedrooms, one full bathroom, a country kitchen connected to the dining area, and a separate living room. The arrangement provides distinct living and private spaces within each unit.
One unit is occupied, while the other has been photographed throughout. Interior access to the occupied unit is available as a second showing for seriously interested buyers. The property is located two blocks from the Nanticoke River in Seaford.
One unit is occupied, while the other has been photographed throughout. Interior access to the occupied unit is available as a second showing for seriously interested buyers. The property is located two blocks from the Nanticoke River in Seaford.
Key Highlights
- Two‑unit duplex built in 1990
- Each unit includes three full bedrooms and one full bath
- Country kitchen opens to the dining area in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,938
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$178,760
$178.8K
Cap Rate 7%
$127,686
$127.7K
Cap Rate 9%
$99,311
$99.3K
Market Conditions
NOI Build-Up for 843 SF
Gross rent
$13.7K $16.20/SF
− Vacancy
−$888 −$1.05/SF
EGI
$12.8K $15.15/SF
− OpEx
−$3.8K −$4.54/SF
NOI
$8.9K $10.60/SF
Area
Sussex 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%
$178,760
Cap Rate 7%
$127,686
Cap Rate 9%
$99,311
Alternative Uses
Best Use
Multifamily LT 5
$127.7K
$111.7K – $149.0K
NOI $8,938 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$118.3K
$103.5K – $138.0K
NOI $8,281 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$231.7K
$202.7K – $270.3K
NOI $16,216 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
Explore this area
Business Placement
Demographics for 19973, DE
25,550
Population
10,725
Households
2.4
Avg Household Size
42
Median Age
18%
College-Educated
84%
High-School Grad
84.0 sq mi
ZIP Area
304
Density / Sq Mi
$62,668
Median Household Income
$36,439
Median Earnings
$1,131
Median Rent
$254,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer separated living areas, open kitchen-to-dining layouts, and one currently occupied side.
Where is this duplex located?
The property is located at 303 N Front St Seaford, DE.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two‑unit duplex built in 1990; Each unit includes three full bedrooms and one full bath; Country kitchen opens to the dining area in both units
