Duplex with Detached Two-Car
For Sale
$399,900
310 Silverbrook Dr, Wilmington, DE 19804
Permitted two-unit residence with separate laundry areas and additional detached garage space.
Property Size1,425 SF
Price / SF$280.63
Days on Market91
Property Features for 310 Silverbrook Dr
General Information
Standard status
Active
Size
1,425 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1956
Buildings
2
Construction
Cape Cod
Listing Agency:
RE/MAX Associates - Newark
Listed By:
Joseph W Berchock · License #RS-0009070
(302) 530-5515
Source:
Burkhart
Added: Jul 20
Changed: Oct 2
Last Checked: Oct 7 at 1:25PM
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 RE/MAX Associates - Newark
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Investment Insights
Based on property information with market context.
This Cape Cod-style duplex contains two permitted residential units, each arranged with two bedrooms and one full bathroom. The first-floor unit includes access to a full basement with private laundry, while the second-floor unit has its own entrance and a dedicated laundry area. The property also includes a detached two-car garage divided by a full partition wall and equipped with electric service.
Built in 1956, the residence provides 1,425 square feet of property size and is located in Wilmington, Delaware. The home is offered in as-is, where-is condition. The garage configuration includes two separate spaces, allowing the building’s accessory storage or parking capacity to be managed independently.
Built in 1956, the residence provides 1,425 square feet of property size and is located in Wilmington, Delaware. The home is offered in as-is, where-is condition. The garage configuration includes two separate spaces, allowing the building’s accessory storage or parking capacity to be managed independently.
Key Highlights
- Two permitted residential units, each with 2 bedrooms and 1 full bathroom
- 1,425 square feet of property size
- Detached 2‑car garage with full partition wall and electric
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,109
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,180
$302.2K
Cap Rate 7%
$215,843
$215.8K
Cap Rate 9%
$167,878
$167.9K
Market Conditions
NOI Build-Up for 1,425 SF
Gross rent
$23.1K $16.20/SF
− Vacancy
−$1.5K −$1.05/SF
EGI
$21.6K $15.15/SF
− OpEx
−$6.5K −$4.54/SF
NOI
$15.1K $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%
$302,180
Cap Rate 7%
$215,843
Cap Rate 9%
$167,878
Alternative Uses
Best Use
Multifamily LT 5
$215.8K
$188.9K – $251.8K
NOI $15,109 @ 7.0% cap · market cap 3.78%
Second Best
Apartment 5plus
$192.8K
$168.7K – $225.0K
NOI $13,497 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$340.8K
$298.2K – $397.7K
NOI $23,859 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
679
Businesses Nearby
Explore this area
Business Placement
Demographics for 19804, DE
18,292
Population
8,075
Households
2.3
Avg Household Size
40
Median Age
23%
College-Educated
89%
High-School Grad
7.2 sq mi
ZIP Area
2,541
Density / Sq Mi
$76,204
Median Household Income
$44,897
Median Earnings
$1,157
Median Rent
$244,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Permitted two-unit residence with separate laundry areas and additional detached garage space.
Where is this duplex located?
The property is located at 310 Silverbrook Dr Wilmington, DE.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Two permitted residential units, each with 2 bedrooms and 1 full bathroom; 1,425 square feet of property size; Detached 2‑car garage with full partition wall and electric
