Brick Quadplex with Off-Street
326 6TH Avenue Wilmington, DE 19805
New
326 6TH Avenue, Wilmington, DE, 19805
$415,000
For Sale
$415,000
MULTI_FAMILY - Colonial - WILMINGTON, DE
Property Size1,850 SF
Lot Size0.06 Acres
Price / SF$224.32
Days on Market2
Property Features for 326 6TH Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Standard status
- Active
- Size
- 1,850 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3200
Utilities
- Heating system
- Electric (Heating), Baseboard
Building Details
- Year built
- 1900
- Number of units
- 1
- Building materials
- Brick
- Architectural style
- Colonial
Listing Agency
Keller Williams Realty Wilmington
(302) 299-1100
200 Bellevue Parkway unit: 415, Willmington, DE
Listed by
Kelly Diaz · License #RS0036820
(201) 741-8110
Added: Jul 20 Checked: Jul 21 at 7:06 am
MLS# DENC2107300
Listing URL
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.
Solid brick quadplex offers four rental units, with three one-bedroom apartments and one efficiency. Three units are currently rented, and one unit is vacant, providing flexibility for an owner-occupant or a new tenant. Tenants pay their own utilities, while the owner is responsible for water and sewer.
The property includes three off-street parking spaces and a large basement. Several units have been updated. The basement provides additional space that could be suited to coin-operated laundry facilities.
The listing requires the listing agent to be present for all showings, with a minimum of 48 hours’ notice.
The property includes three off-street parking spaces and a large basement. Several units have been updated. The basement provides additional space that could be suited to coin-operated laundry facilities.
The listing requires the listing agent to be present for all showings, with a minimum of 48 hours’ notice.
Key Highlights
- Four‑unit brick quadplex with 3 one‑bedroom apartments and 1 efficiency unit
- 3 units currently rented and 1 vacant unit for owner‑occupancy or to add a 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
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Solid brick quadplex with four units, including three one-bedrooms and an efficiency, plus three off-street parking spaces.
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: Four‑unit brick quadplex with 3 one‑bedroom apartments and 1 efficiency unit; 3 units currently rented and 1 vacant unit for owner‑occupancy or to add a tenant; Tenants pay their own utilities; owner pays water and sewer
