Brick Quadplex With Off-Street
326 6th Avenue Wilmington, DE 19805
New
326 6th Avenue, Wilmington, DE, 19805
$415,000
For Sale
$415,000
Solid brick quadplex with four units, three off-street parking spaces, and a large basement with potential for added laundry income.
Property Size1,850 SF
Price / SF$224.32
Days on Market5
Property Features for 326 6th Avenue
General Information
- Standard status
- Active
- Size
- 1,850 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
Keller Williams Realty Wilmington
(201) 741-8110
Listed by
Kelly Diaz · License #RS0036820
(201) 741-8110
Source
Compass
Added: Jul 18 Updated: Jul 21 at 2:18AM Checked: Jul 21 at 2:18AM
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 Keller Williams Realty Wilmington
Investment Insights
Based on property information with market context.
This solid brick quadplex offers four rental units: three one-bedroom apartments and one efficiency. Three units are currently rented, and the remaining vacant unit provides flexibility for an owner-occupant or a new tenant. Tenants pay their own utilities, while the owner is responsible for water and sewer. Several units have been updated, and the property also includes three off-street parking spaces.
Located in city limits in New Castle County near the Riverfront, the property is in the Christina School District. A large basement adds additional potential for coin-operated laundry facilities, creating another possible income stream.
The listing agent must be present for all showings, and a minimum of 48 hours’ notice is required.
Located in city limits in New Castle County near the Riverfront, the property is in the Christina School District. A large basement adds additional potential for coin-operated laundry facilities, creating another possible income stream.
The listing agent must be present for all showings, and a minimum of 48 hours’ notice is required.
Key Highlights
- Solid brick quadplex with 4 units: three 1‑bedroom apartments and one efficiency
- Three units currently rented and one vacant unit for flexible use or adding a new tenant
- Tenants pay their own utilities; owner pays water and sewer
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 | $30.0k | $16.20 |
| − Vacancy | −$1.9k | −$1.05 |
| EGI | $28.0k | $15.15 |
| − OpEx | −$8.4k | −$4.54 |
| NOI | $19.6k | $10.60 |
1,850 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$280.2K
$245.2K – $326.9K
NOI $19,615 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$250.3K
$219.0K – $292.1K
NOI $17,523 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$442.5K
$387.2K – $516.3K
NOI $30,975 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Quadplex - Solid brick quadplex with four units, three off-street parking spaces, and a large basement with potential for added laundry income.
Where is this quadplex located?
The property is located at 326 6th Avenue Wilmington, DE.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Solid brick quadplex with 4 units: three 1‑bedroom apartments and one efficiency; Three units currently rented and one vacant unit for flexible use or adding a new tenant; Tenants pay their own utilities; owner pays water and sewer
