Brick Triplex on Acre
For Sale
$599,900
4503 WELDIN RD, Wilmington, DE 19803
WILMINGTON, DE
Property Size2,525 SF
Lot Size0.53 Acres
Price / SF$237.58
Days on Market51
Property Features for 4503 WELDIN RD
General Information
Property type
Residential Multi Family
Property subtype
Other
Subdivision
NONE AVAILABLE
Elementary school
LOMBARDY
Middle school
SPRINGER
High school
BRANDYWINE
Elementary school district
BRANDYWINE
Middle school district
BRANDYWINE
High school district
BRANDYWINE
Standard status
Active
Lot size
0.53 Acres
Building Details
Year built
1928
Listing Agency:
Greenville
(302) 351-5000
Listed By:
Maggie Colman
Added: Aug 17
Changed: Sep 13
Last Checked: Oct 6 at 9:06AM
MLS# DENC2109396
Copyright © 2026 Long & Foster Real Estate. 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 1928 brick triplex contains approximately 2,525 square feet on a 0.53-acre parcel. Each residence includes one bedroom, one bathroom, a separate entrance, and separate electrical service. The main-level unit includes a sunroom along with private basement access, laundry, and storage. Two upper-level residences are reached from a covered second-floor porch; one spans two levels, while the other is arranged on a single level.
The property is located at 4503 Weldin Road in Wilmington, Delaware, within ZIP Code 19803. North Wilmington shopping, dining, amenities, and major roadways are identified as nearby conveniences. The building and individual units vary in condition and are offered in AS IS condition, allowing the next owner to evaluate improvements and future configuration based on applicable requirements.
The property is located at 4503 Weldin Road in Wilmington, Delaware, within ZIP Code 19803. North Wilmington shopping, dining, amenities, and major roadways are identified as nearby conveniences. The building and individual units vary in condition and are offered in AS IS condition, allowing the next owner to evaluate improvements and future configuration based on applicable requirements.
Key Highlights
- Three‑unit property with approximately 2,525 square feet
- Set on a 0.53‑acre parcel at 4503 Weldin Road
- Built in 1928 with a brick exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,772
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$535,440
$535.4K
Cap Rate 7%
$382,457
$382.5K
Cap Rate 9%
$297,467
$297.5K
Market Conditions
NOI Build-Up for 2,525 SF
Gross rent
$40.9K $16.20/SF
− Vacancy
−$2.7K −$1.05/SF
EGI
$38.2K $15.15/SF
− OpEx
−$11.5K −$4.54/SF
NOI
$26.8K $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%
$535,440
Cap Rate 7%
$382,457
Cap Rate 9%
$297,467
Alternative Uses
Best Use
Multifamily LT 5
$382.5K
$334.7K – $446.2K
NOI $26,772 @ 7.0% cap · market cap 4.46%
Second Best
Apartment 5plus
$341.7K
$299.0K – $398.6K
NOI $23,917 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$604.0K
$528.5K – $704.6K
NOI $42,277 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
722
Businesses Nearby
Explore this area
Business Placement
Demographics for 19803, DE
21,886
Population
8,900
Households
2.5
Avg Household Size
47
Median Age
61%
College-Educated
97%
High-School Grad
12.7 sq mi
ZIP Area
1,723
Density / Sq Mi
$133,941
Median Household Income
$73,611
Median Earnings
$1,736
Median Rent
$436,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three separately entered residences offer varied layouts, private utility service, and additional basement storage.
Where is this triplex located?
The property is located at 4503 WELDIN RD Wilmington, DE.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Three‑unit property with approximately 2,525 square feet; Set on a 0.53‑acre parcel at 4503 Weldin Road; Built in 1928 with a brick exterior
