Two-Unit Cape Cod with
For Sale
$425,000
310 SILVERBROOK Drive, Wilmington, DE 19804
MULTI_FAMILY - Cape Cod - WILMINGTON, DE
Property Size1,425 SF
Lot Size0.15 Acres
Price / SF$298.25
Days on Market47
Property Features for 310 SILVERBROOK Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking
2
Parking features
Driveway, Garage - Detached
Subdivision
ROSEMONT
Elementary school district
RED CLAY CONSOLIDATED
Middle school district
RED CLAY CONSOLIDATED
High school district
RED CLAY CONSOLIDATED
Standard status
Active
Size
1,425 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Annual Amount
2872
Utilities
Heating system
Forced Air
Cooling system
Ceiling Fan(s), Central Air
Building Details
Year built
1956
Number of units
2
Building materials
Brick
Architectural style
Cape Cod
Listing Agency:
RE/MAX Associates - Newark · RE/MAX International
(302) 453-3200
Listed By:
Joseph W Berchock · License #RS-0009070
(302) 530-5515
Added: Jun 26
Changed: Jul 13
Last Checked: Aug 11 at 7:06PM
MLS# DENC2105658
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.
This Cape Cod-style property includes two permitted rental units arranged across the first and second floors. The first-floor unit is a 2-bedroom, 1-bath layout with access to a full basement that includes a private laundry area. The second-floor unit also offers 2 bedrooms and 1 full bath, with a private entry and access to a dedicated laundry area.
A detached two-car garage adds additional revenue opportunity, and the garage is described as having a full partition wall and electric. The property is offered as-is, where-is.
From a tenant or owner-operator standpoint, the configuration supports separate living arrangements with on-site laundry in each unit and a separate detached garage structure. The current first-floor unit is described as being leased on a long-term basis, while the second-floor unit is described as being available for rental. The detached garage includes one unit currently rented, with the second unit referenced as also rentable, supporting a practical, multi-revenue setup for residential income buyers.
A detached two-car garage adds additional revenue opportunity, and the garage is described as having a full partition wall and electric. The property is offered as-is, where-is.
From a tenant or owner-operator standpoint, the configuration supports separate living arrangements with on-site laundry in each unit and a separate detached garage structure. The current first-floor unit is described as being leased on a long-term basis, while the second-floor unit is described as being available for rental. The detached garage includes one unit currently rented, with the second unit referenced as also rentable, supporting a practical, multi-revenue setup for residential income buyers.
Key Highlights
- Cape Cod home in Rosemont built in 1956, constructed with brick and heated by forced air
- Two permitted rental units: first‑floor 2 bed/1 bath with access to a full basement and private laundry
- Second‑floor rental unit with private entry, 2 bed/1 bath, and access to a private laundry area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,109
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 3.56%
Second Best
Apartment 5plus
$192.8K
$168.7K – $225.0K
NOI $13,497 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$340.8K
$298.2K – $397.7K
NOI $23,859 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Cape Cod offers two rental units with private laundry access and a detached two-car garage.
Where is this duplex located?
The property is located at 310 SILVERBROOK Drive Wilmington, DE.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Cape Cod home in Rosemont built in 1956, constructed with brick and heated by forced air; Two permitted rental units: first‑floor 2 bed/1 bath with access to a full basement and private laundry; Second‑floor rental unit with private entry, 2 bed/1 bath, and access to a private laundry area
