Two-Unit Duplex
421 S WASHINGTON Street Milford, DE 19963
New
421 S WASHINGTON Street, Milford, DE, 19963
$324,900
For Sale
$324,900
MULTI_FAMILY - Other - MILFORD, DE
Property Size2,384 SF
Lot Size0.17 Acres
Price / SF$136.28
Days on Market1
Property Features for 421 S WASHINGTON Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Rooms
- Dining Room, Basement
- Parking
- 4
- Parking features
- Alley, Driveway, On Street
- Interior features
- Carpet, Ceiling Fan(s), Dining Area
- Appliances
- Dishwasher, Refrigerator, Range Hood
- Standard status
- Active
- Size
- 2,384 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1337
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1894
- Number of units
- 2
- Building materials
- Aluminum Siding, Frame, Mixed Plumbing, Stick Built
- Architectural style
- Other
Listing Agency
Coldwell Banker Premier - Milford
(302) 422-8200
711 N DuPont Boulevard, Winchester, DE
Listed by
Ken W Wolfe · License #RS-0013804
(302) 542-7051
Added: Jul 17 Checked: Jul 17 at 3:06 pm
MLS# DESU2116260
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.
This side-by-side, two-story duplex in town Milford features two separate residential units. Unit 421 offers 3 bedrooms and 1 bathroom, while Unit 421 1/2 offers 3 bedrooms and 2 bathrooms. Recent updates include new carpet and paint in both units.
Each unit is heated with oil FHA heat and has propane hot water. The property is served by city water and sewer, with electric and trash included in the stated utilities. For exterior utility and storage, each unit has a storage shed, and there is driveway access off an alley behind the property.
The duplex has been an active rental, with both sides leased in place through 2026.
Each unit is heated with oil FHA heat and has propane hot water. The property is served by city water and sewer, with electric and trash included in the stated utilities. For exterior utility and storage, each unit has a storage shed, and there is driveway access off an alley behind the property.
The duplex has been an active rental, with both sides leased in place through 2026.
Key Highlights
- Side‑by‑side 2‑story duplex in Milford with 2 leased units in place through 2026
- Unit 421: 3BR/1BA, new carpet and paint
- Unit 421 1/2: 3BR/2BA, new carpet and paint
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 | $38.6k | $16.20 |
| − Vacancy | −$2.5k | −$1.05 |
| EGI | $36.1k | $15.15 |
| − OpEx | −$10.8k | −$4.54 |
| NOI | $25.3k | $10.60 |
2,384 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$361.1K
$316.0K – $421.3K
NOI $25,277 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$334.5K
$292.7K – $390.3K
NOI $23,418 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$655.1K
$573.2K – $764.3K
NOI $45,859 @ 7.0% cap · market cap 14.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Side-by-side two-story duplex with two leased units through 2026 and recent interior paint and new carpeting.
Where is this duplex located?
The property is located at 421 S WASHINGTON Street Milford, DE.
What is the asking price?
The asking price for this property is $324,900.
What are key features of this property?
This property features: Side‑by‑side 2‑story duplex in Milford with 2 leased units in place through 2026; Unit 421: 3BR/1BA, new carpet and paint; Unit 421 1/2: 3BR/2BA, new carpet and paint
