One-Bedroom Duplex Income
529 South Harrison Street Wilmington, DE 19805
529 South Harrison Street, Wilmington, DE, 19805
$275,000
For Sale
$275,000
Well-maintained duplex with two one-bedroom units, including a move-in ready first-floor space and a second-floor month-to-month tenant.
Property Size1,615 SF
Price / SF$170.28
Days on Market78
Property Features for 529 South Harrison Street
General Information
- Standard status
- Active
- Size
- 1,615 SF
- Property subtype
- Multi-Family / Fee Simple
Building Details
- Year Built
- 1900
Listing agency
Compass
(302) 507-5611
Listed by
Mark Stape · License #RS-0023956
(302) 507-5611
Source
Compass
Added: May 5 Updated: Jul 20 at 6:21PM Checked: Jul 20 at 6:21PM
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 duplex offers two separate one-bedroom units in a classic multi-family layout. The first-floor unit is currently vacant and presented as move-in ready, with fresh paint, brand-new flooring, and an updated bathroom. The second-floor unit is currently rented on a month-to-month basis.
The property includes gas forced-air heating systems, newer water heaters installed in 2024, and a roof resurfaced in 2026. Separate utilities for each unit are also in place, which can simplify management and support convenient tenant service.
Located in Wilmington, DE and within city limits, the home is in the Christina school district. Showings are by appointment only.
The property includes gas forced-air heating systems, newer water heaters installed in 2024, and a roof resurfaced in 2026. Separate utilities for each unit are also in place, which can simplify management and support convenient tenant service.
Located in Wilmington, DE and within city limits, the home is in the Christina school district. Showings are by appointment only.
Key Highlights
- Duplex in Wilmington, DE (in city limits) with approximately 1,615 SF and two one‑bedroom units
- First‑floor unit is vacant and move‑in ready with fresh paint, brand‑new flooring, and an updated bathroom
- Second‑floor unit is currently rented on a month‑to‑month basis for flexible income options
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 | $26.2k | $16.20 |
| − Vacancy | −$1.7k | −$1.05 |
| EGI | $24.5k | $15.15 |
| − OpEx | −$7.3k | −$4.54 |
| NOI | $17.1k | $10.60 |
1,615 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$244.6K
$214.1K – $285.4K
NOI $17,124 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$218.5K
$191.2K – $255.0K
NOI $15,297 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$386.3K
$338.0K – $450.7K
NOI $27,041 @ 7.0% cap · market cap 9.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with two one-bedroom units, including a move-in ready first-floor space and a second-floor month-to-month tenant.
Where is this duplex located?
The property is located at 529 South Harrison 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: Duplex in Wilmington, DE (in city limits) with approximately 1,615 SF and two one‑bedroom units; First‑floor unit is vacant and move‑in ready with fresh paint, brand‑new flooring, and an updated bathroom; Second‑floor unit is currently rented on a month‑to‑month basis for flexible income options
