Remodeled Duplex with Two
For Sale
$400,000
40 S BRADFORD ST, Dover, DE 19904
Two-unit duplex remodeled in 2009 with parking.
Property Size2,177 SF
Price / SF$183.74
Days on Market321
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 40 S BRADFORD ST
General Information
Standard status
Active
Size
2,177 SF
Property subtype
Multi-family
Listing Agency:
McGinnis Commercial Real Estate
Listed By:
Philip McGinnis · License #R1-0001967
(302) 736-1538
Source:
Towncentermd
Added: Nov 28, 2025
Changed: Oct 15
Last Checked: Oct 14 at 10:27PM
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 McGinnis Commercial Real Estate
Investment Insights
Based on property information with market context.
The property at 40 South Bradford Street is a duplex featuring two units in an over-and-under configuration. The ground floor unit includes 2 bedrooms and 2 bathrooms. The second and third floor unit offers 3 bedrooms and 2 bathrooms. Both units are equipped with full kitchens, washers, and dryers. The building was completely remodeled in 2009 and is in excellent condition. Two parking spaces are located on the rear alley. This property represents the south half of a duplex, with the north half under separate and unrelated ownership.
Key Highlights
- Two separate units: a 2‑bedroom, 2‑bath unit and a 3‑bedroom, 2‑bath unit.
- Fully equipped kitchens in both units.
- Washers and dryers in both units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,586
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,720
$471.7K
Cap Rate 7%
$336,943
$336.9K
Cap Rate 9%
$262,067
$262.1K
Market Conditions
NOI Build-Up for 2,177 SF
Gross rent
$35.3K $16.20/SF
− Vacancy
−$1.6K −$0.72/SF
EGI
$33.7K $15.48/SF
− OpEx
−$10.1K −$4.64/SF
NOI
$23.6K $10.83/SF
Area
Kent County, DE
Vacancy
4.46%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,720
Cap Rate 7%
$336,943
Cap Rate 9%
$262,067
Alternative Uses
Best Use
Multifamily LT 5
$336.9K
$294.8K – $393.1K
NOI $23,586 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$311.0K
$272.2K – $362.9K
NOI $21,772 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$548.2K
$479.7K – $639.6K
NOI $38,373 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,894
Businesses Nearby
Explore this area
Business Placement
Demographics for 19904, DE
36,880
Population
16,047
Households
2.3
Avg Household Size
38
Median Age
27%
College-Educated
91%
High-School Grad
43.2 sq mi
ZIP Area
854
Density / Sq Mi
$66,885
Median Household Income
$39,459
Median Earnings
$1,240
Median Rent
$281,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit duplex remodeled in 2009 with parking.
Where is this duplex located?
The property is located at 40 S BRADFORD ST Dover, DE.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two separate units: a 2‑bedroom, 2‑bath unit and a 3‑bedroom, 2‑bath unit.; Fully equipped kitchens in both units.; Washers and dryers in both units.
