Cape Cod Duplex with Detached
310 Silverbrook Drive Wilmington, DE 19804
310 Silverbrook Drive, Wilmington, DE, 19804
$425,000
For Sale
$425,000
Cape Cod duplex with two permitted rental units and a detached two-car garage, sold as-is where-is.
Property Size1,425 SF
Price / SF$298.25
Days on Market46
Property Features for 310 Silverbrook Drive
General Information
- Standard status
- Active
- Size
- 1,425 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1956
Listing agency
RE/MAX Associates - Newark
(302) 530-5515
Listed by
Joseph W Berchock · License #RS-0009070
(302) 530-5515
Source
Compass
Added: Jun 7 Updated: Jul 21 at 9:23AM Checked: Jul 21 at 9:23AM
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
Investment Insights
Based on property information with market context.
This Cape Cod style duplex includes two permitted rental units within the main structure and a detached two-car garage. The first-floor unit is described as a two-bedroom with one full bath and access to a full basement with private laundry. The second-floor unit has a private entry, two bedrooms, one full bath, and access to a private laundry area. The property is being sold in “as-is where-is” condition.
The detached two-car garage includes a full partition wall and electric service, and is currently described as producing additional rental income. One garage unit is reported to be rented for $100 per month, with the second garage unit available to be rented as well. The listing also notes the first rental unit has a long-term tenant, while the second unit is newly renovated.
The property is located in the Community of Rosemont in New Castle County, and it is not in city limits. The associated school district is Red Clay Consolidated.
The detached two-car garage includes a full partition wall and electric service, and is currently described as producing additional rental income. One garage unit is reported to be rented for $100 per month, with the second garage unit available to be rented as well. The listing also notes the first rental unit has a long-term tenant, while the second unit is newly renovated.
The property is located in the Community of Rosemont in New Castle County, and it is not in city limits. The associated school district is Red Clay Consolidated.
Key Highlights
- Cape Cod built in 1956 with two (permitted) rental units plus a detached two‑car garage
- First‑floor unit: 2 bedrooms, 1 full bath, access to a full basement with private laundry; current rent $1,650/month with a long‑term tenant
- Second‑floor unit: 2 bedrooms, 1 full bath with private entry and private laundry area; projected rent $1,300–$1,400/month
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.1k | $16.20 |
| − Vacancy | −$1.5k | −$1.05 |
| EGI | $21.6k | $15.15 |
| − OpEx | −$6.5k | −$4.54 |
| NOI | $15.1k | $10.60 |
1,425 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Cape Cod duplex with two permitted rental units and a detached two-car garage, sold as-is where-is.
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 built in 1956 with two (permitted) rental units plus a detached two‑car garage; First‑floor unit: 2 bedrooms, 1 full bath, access to a full basement with private laundry; current rent $1,650/month with a long‑term tenant; Second‑floor unit: 2 bedrooms, 1 full bath with private entry and private laundry area; projected rent $1,300–$1,400/month
