Brick Triplex With Separate
For Sale
$599,900
4503 WELDIN ROAD, Wilmington, DE 19803
Three individually serviced residences include a sunroom, covered porch, and basement laundry and storage.
Property Size2,525 SF
Lot Size0.53 Acres
Price / SF$237.58
Days on Market51
Property Features for 4503 WELDIN ROAD
General Information
Standard status
Active
Size
2,525 SF
Lot size
0.53 Acres
Property subtype
Triplex
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Building Details
Year Built
1928
Buildings
1
Construction
brick Colonial
Listing Agency:
Long & Foster Real Estate, Inc.
(302) 351-5000
Listed By:
Margaret Colman
(302) 753-9178
Source:
Cummingsrealtors
Added: Aug 17
Changed: Oct 4
Last Checked: Oct 5 at 6:56PM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This 1928 brick Colonial is configured as a triplex on approximately 0.53 acres. The property contains three one-bedroom, one-bath residences, each with its own entrance and separate electrical service. The main-level unit provides single-level living, a sunroom, and private basement access to laundry and storage. Two additional residences occupy the upper level and are accessed from a covered porch; one spans two levels, while the other is arranged on a single floor.
Located at 4503 Weldin Road in Wilmington, Delaware, the property is near established neighborhoods, shopping, dining, North Wilmington amenities, and major roadways. The expansive lot adds outdoor separation, while the brick exterior and porch contribute to the property's existing character. The property is being sold in AS IS condition.
Located at 4503 Weldin Road in Wilmington, Delaware, the property is near established neighborhoods, shopping, dining, North Wilmington amenities, and major roadways. The expansive lot adds outdoor separation, while the brick exterior and porch contribute to the property's existing character. The property is being sold in AS IS condition.
Key Highlights
- Three‑unit configuration with three 1‑bedroom, 1‑bath residences
- Each unit has a separate entrance and separate electrical service
- Approximately 0.53 acres with an expansive lot
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
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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 individually serviced residences include a sunroom, covered porch, and basement laundry and storage.
Where is this triplex located?
The property is located at 4503 WELDIN ROAD 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 configuration with three 1‑bedroom, 1‑bath residences; Each unit has a separate entrance and separate electrical service; Approximately 0.53 acres with an expansive lot
