End-Unit Duplex with
For Sale
$260,000
600 Homestead Rd, Wilmington, DE 19805
Two residential units feature separate utility service, window A/C, and individual one-car garages.
Property Size1,575 SF
Price / SF$165.08
Days on Market87
Property Features for 600 Homestead Rd
General Information
Standard status
Active
Size
1,575 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Building Details
Year Built
1965
Buildings
1
Listing Agency:
Home Realty
Listed By:
Michael Hunter · License #RB-0002727
(302) 266-7544
Source:
Burkhart
Added: Jul 21
Changed: Oct 3
Last Checked: Oct 7 at 2:21PM
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 Home Realty
Investment Insights
Based on property information with market context.
This end-unit duplex contains 1,575 square feet and was built in 1965. Each residence includes a one-car garage, while separate water and electric service supports independent utility management. Window A/C units provide cooling for both units, and the property includes a side yard.
Located at 600 Homestead Rd in Wilmington, Delaware, the property offers a two-unit residential configuration suitable for an owner-occupant or separate occupancy of both units.
Located at 600 Homestead Rd in Wilmington, Delaware, the property offers a two-unit residential configuration suitable for an owner-occupant or separate occupancy of both units.
Key Highlights
- 1,575‑square‑foot duplex built in 1965
- End‑unit configuration with side yard
- Separate water and electric service for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,700
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,000
$334.0K
Cap Rate 7%
$238,571
$238.6K
Cap Rate 9%
$185,556
$185.6K
Market Conditions
NOI Build-Up for 1,575 SF
Gross rent
$25.5K $16.20/SF
− Vacancy
−$1.7K −$1.05/SF
EGI
$23.9K $15.15/SF
− OpEx
−$7.2K −$4.54/SF
NOI
$16.7K $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%
$334,000
Cap Rate 7%
$238,571
Cap Rate 9%
$185,556
Alternative Uses
Best Use
Multifamily LT 5
$238.6K
$208.8K – $278.3K
NOI $16,700 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$213.1K
$186.5K – $248.6K
NOI $14,918 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$376.7K
$329.6K – $439.5K
NOI $26,371 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
863
Businesses Nearby
Explore this area
Business Placement
Demographics for 19805, DE
39,985
Population
17,281
Households
2.3
Avg Household Size
35
Median Age
23%
College-Educated
87%
High-School Grad
5.5 sq mi
ZIP Area
7,270
Density / Sq Mi
$56,708
Median Household Income
$38,043
Median Earnings
$1,203
Median Rent
$220,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - Two residential units feature separate utility service, window A/C, and individual one-car garages.
Where is this duplex located?
The property is located at 600 Homestead Rd Wilmington, DE.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 1,575‑square‑foot duplex built in 1965; End‑unit configuration with side yard; Separate water and electric service for each unit
