Two-Unit Cape Cod
310 SILVERBROOK Drive, Wilmington, DE 19804
For Sale
$399,900
Multi-Family, WILMINGTON, DE
Property Size1,425 SF
Lot Size0.15 Acres
Price / SF$280.63
Days on Market141
Property Features for 310 SILVERBROOK Drive
General Information
Property type
Property subtype
Rooms
Parking
Parking features
Subdivision
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Building materials
Architectural style
Listing Agency:
RE/MAX Associates - Newark · RE/MAX International
(302) 453-3200
Listed By:
Joseph W Berchock · License DE RS-0009070
(302) 530-5515
Added: Jun 26
Changed: Nov 12
Last Checked: Nov 13 at 11:06PM
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.
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Investment Insights
Based on property information with market context.
This 1956 Cape Cod duplex contains two permitted residential units, each arranged with two bedrooms and one full bathroom. The first-floor residence connects to a full basement with dedicated laundry, while the upper unit has its own entrance and private laundry area. The property is being offered in as-is, where-is condition.
A separate two-car garage includes a full partition wall and electric service, with additional income-producing use identified for the garage space. The building is constructed of brick and features forced-air heating, central air conditioning, and ceiling fans. Located in Wilmington’s Rosemont community on a 0.15-acre lot, the property includes a driveway and detached-garage parking.
A separate two-car garage includes a full partition wall and electric service, with additional income-producing use identified for the garage space. The building is constructed of brick and features forced-air heating, central air conditioning, and ceiling fans. Located in Wilmington’s Rosemont community on a 0.15-acre lot, the property includes a driveway and detached-garage parking.
Key Highlights
- Two permitted rental units, each with 2 bedrooms and 1 full bathroom
- 1,425‑square‑foot Cape Cod duplex built in 1956
- Full basement with private laundry serving the first‑floor unit
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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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
679
Businesses Nearby
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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
$244,700
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Wilmington, DE
Properties on Market for Duplexes in Wilmington
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Permitted two-unit layout includes separate entries, private laundry areas, and a detached 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 $399,900.
What are key features of this property?
This property features: Two permitted rental units, each with 2 bedrooms and 1 full bathroom; 1,425‑square‑foot Cape Cod duplex built in 1956; Full basement with private laundry serving the first‑floor unit
