Two-Unit Duplex with
New
For Sale
$275,000
412 W 30TH STREET, Wilmington, DE 19802
The property includes an attached garage and a separate rear garage of substantial size.
Property Size1,725 SF
Price / SF$159.42
Days on Market4
Property Features for 412 W 30TH STREET
General Information
Standard status
Active
Size
1,725 SF
Property subtype
Duplex
Property Condition
Severity
Major Repairs Needed
Evidence
FULL RENOVATION REQUIRED
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Building Details
Year Built
1910
Buildings
1
Listing Agency:
Compass
(302) 273-4998
Listed By:
CARL FRAMPTON · License #RS334118
(302) 236-8526
Source:
Cummingsrealtors
Added: Oct 3
Changed: Oct 6
Last Checked: Oct 6 at 2:47AM
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 Compass
Investment Insights
Based on property information with market context.
This 1,725-square-foot duplex contains two separate residences: one with a bedroom and bathroom, and another with three bedrooms and a bathroom. An attached garage and a rear garage of approximately 1,000 square feet add substantial garage space. Built in 1910, the property requires a complete renovation and is offered in its current condition, with no repairs or improvements to be made by the seller.
The property directly adjoins Eastlake Park, which has basketball and handball courts, a picnic pavilion, and a children’s playground. The lot’s acreage is not stated clearly enough to report.
The property directly adjoins Eastlake Park, which has basketball and handball courts, a picnic pavilion, and a children’s playground. The lot’s acreage is not stated clearly enough to report.
Key Highlights
- Two‑unit layout: one 1‑bedroom/1‑bath unit and one 3‑bedroom/1‑bath unit
- 1,725 square feet; built in 1910
- Attached garage plus a rear garage of approximately 1,000 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,290
Cap Rate
6.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,800
$365.8K
Cap Rate 7%
$261,286
$261.3K
Cap Rate 9%
$203,222
$203.2K
Market Conditions
NOI Build-Up for 1,725 SF
Gross rent
$27.9K $16.20/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$26.1K $15.15/SF
− OpEx
−$7.8K −$4.54/SF
NOI
$18.3K $10.60/SF
Area
New Castle County, DE
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$365,800
Cap Rate 7%
$261,286
Cap Rate 9%
$203,222
Alternative Uses
Best Use
Multifamily LT 5
$261.3K
$228.6K – $304.8K
NOI $18,290 @ 7.0% cap · market cap 6.65%
Second Best
Apartment 5plus
$233.4K
$204.2K – $272.3K
NOI $16,339 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$412.6K
$361.0K – $481.4K
NOI $28,882 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,041
Businesses Nearby
Explore this area
Business Placement
Demographics for 19802, DE
26,189
Population
11,596
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
89%
High-School Grad
3.5 sq mi
ZIP Area
7,483
Density / Sq Mi
$54,370
Median Household Income
$39,579
Median Earnings
$1,236
Median Rent
$188,400
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - The property includes an attached garage and a separate rear garage of substantial size.
Where is this duplex located?
The property is located at 412 W 30TH STREET Wilmington, DE.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑unit layout: one 1‑bedroom/1‑bath unit and one 3‑bedroom/1‑bath unit; 1,725 square feet; built in 1910; Attached garage plus a rear garage of approximately 1,000 square feet
