Smyrna Multifamily Property with Expansion
For Sale
$4,000,000
35 W Glenwood Avenue, Smyrna, DE 19977
Renovated 16-unit property on 1.57 acres with development potential.
Property SizeContact for details
Lot Size1.57 Acres
Days on Market158
Property Features for 35 W Glenwood Avenue
General Information
Standard status
Active
Lot size
1.57 Acres
Property subtype
Commercial
Lease Term
[]
Building Details
Year Built
1965
Listing Agency:
Myers Realty
(302) 346-3196
Listed By:
Albert C Leskovar Jr. · License #RS-0018925
Source:
Deepcreeklake
Added: Mar 20
Changed: Aug 23
Last Checked: Aug 23 at 4:50AM
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 Myers Realty
Investment Insights
Based on property information with market context.
Located in Smyrna, Delaware, this property features 16 renovated units consisting of twelve 1-bedroom and four 2-bedroom apartments. The units have been updated with designer-inspired renovations. The property includes new, energy-efficient HVAC and plumbing systems. Utilities are individually metered and paid by tenants. Onsite laundry facilities are available. The property is situated on a 1.57-acre parcel, offering the potential for future development. Preliminary discussions with the Town of Smyrna suggest the possibility of adding 8 to 16 additional units. Located within the Downtown Development District (DDD), the property is eligible for state and local incentives, including potential rebate grants and impact fee waivers. The property is somewhat bikeable with a bike score of 34, and car-dependent with a walk score of 19.
Key Highlights
- 1.57‑acre property with potential for 8‑16 additional units
- Fully renovated 16‑unit property requiring minimal capital reserves
- Located in Downtown Development District (DDD), eligible for state and local incentives
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
Explore this area
Business Placement
Demographics for 19977, DE
27,505
Population
9,899
Households
2.8
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
83.1 sq mi
ZIP Area
331
Density / Sq Mi
$78,803
Median Household Income
$48,246
Median Earnings
$1,366
Median Rent
$311,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Renovated 16-unit property on 1.57 acres with development potential.
Where is this apartment building located?
The property is located at 35 W Glenwood Avenue Smyrna, DE.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 1.57‑acre property with potential for 8‑16 additional units; Fully renovated 16‑unit property requiring minimal capital reserves; Located in Downtown Development District (DDD), eligible for state and local incentives
