Well-Maintained Duplex with Side
600 HOMESTEAD Road Wilmington, DE 19805
600 HOMESTEAD Road, Wilmington, DE, 19805
$260,000
For Sale
$260,000
MULTI_FAMILY - Other - WILMINGTON, DE
Property Size1,575 SF
Lot Size0.19 Acres
Price / SF$165.08
Days on Market11
Property Features for 600 HOMESTEAD Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 2
- Parking features
- Garage - Attached
- Appliances
- Refrigerator
- Standard status
- Active
- Size
- 1,575 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2434
Utilities
- Heating system
- Forced Air
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1965
- Number of units
- 2
- Building materials
- Brick, Asbestos
- Architectural style
- Other
Listing Agency
Home Realty
(302) 266-7544
2606 Eastburn Center, DE
Listed by
Michael Hunter · License #RB-0002727
(302) 690-4144
Added: Jul 7 Checked: Jul 17 at 9:06 am
MLS# DENC2106398
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 well-maintained duplex features an end-unit configuration with a side yard. The property provides two separate living units, each with its own water and electric services, which can simplify tenant billing and operations. Window A/C units are in place to help manage cooling needs. Each unit also includes a one-car garage, adding practical off-street parking or storage for residents.
The property is located at 600 Homestead Road in Wilmington, Delaware, in New Castle County. The parcel size is listed as 0.19 acres, with a total property size of 1,575 square feet.
From a practical standpoint, this layout can fit buyers who want to live in one unit while renting the other. The combination of separate utilities and attached garages per unit may be especially useful for residents who prefer independent service setups and convenient parking. Schedule a showing to review the interior layout and finishes for both units.
The property is located at 600 Homestead Road in Wilmington, Delaware, in New Castle County. The parcel size is listed as 0.19 acres, with a total property size of 1,575 square feet.
From a practical standpoint, this layout can fit buyers who want to live in one unit while renting the other. The combination of separate utilities and attached garages per unit may be especially useful for residents who prefer independent service setups and convenient parking. Schedule a showing to review the interior layout and finishes for both units.
Key Highlights
- Well‑maintained duplex built in 1965
- End unit with a side yard
- Separate water and electric for each unit
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 | $25.5k | $16.20 |
| − Vacancy | −$1.7k | −$1.05 |
| EGI | $23.9k | $15.15 |
| − OpEx | −$7.2k | −$4.54 |
| NOI | $16.7k | $10.60 |
1,575 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex offers two separate units with individual utilities and garages, supporting owner-occupant and rental use.
Where is this duplex located?
The property is located at 600 HOMESTEAD Road 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: Well‑maintained duplex built in 1965; End unit with a side yard; Separate water and electric for each unit
