Multifamily Property with Radiant
600 N West St, Wilmington, DE 19801
For Sale
$760,000
The 1900-built property includes window-unit cooling, oil/radiant heat, and an electric water heater.
Property Size7,233 SF
Price / SF$105.07
Days on Market99
Property Features for 600 N West St
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
Keller Williams Real Estate - West Chester
Listed By:
Richard DiPrimio · License DE RS338327
(484) 947-8988
Source:
Kandorre
Added: Aug 8
Changed: Oct 25
Last Checked: Nov 12 at 2:03PM
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 Keller Williams Real Estate - West Chester
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Investment Insights
Based on property information with market context.
This multifamily property at 600 N West Street in Wilmington, Delaware, dates to 1900 and carries 26R5-B zoning. Interior systems include electric window-unit cooling, oil/radiant heating, and an electric water heater. On-street parking is available along the property. The address is in New Castle County and is identified as 600 N West Street, Wilmington, DE 19801.
Key Highlights
- Multifamily property built in 1900
- 26R5‑B zoning
- Electric window‑unit cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,510
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,370,200
$1.4M
Cap Rate 7%
$978,714
$978.7K
Cap Rate 9%
$761,222
$761.2K
Market Conditions
NOI Build-Up for 7,233 SF
Gross rent
$132.8K $18.36/SF
− Vacancy
−$8.2K −$1.14/SF
EGI
$124.6K $17.22/SF
− OpEx
−$56.1K −$7.75/SF
NOI
$68.5K $9.47/SF
Area
New Castle County, DE
Vacancy
6.20%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,370,200
Cap Rate 7%
$978,714
Cap Rate 9%
$761,222
Alternative Uses
Best Use
Apartment 5plus
$978.7K
$856.4K – $1.14M
NOI $68,510 @ 7.0% cap · market cap 9.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.73M
$1.51M – $2.02M
NOI $121,105 @ 7.0% cap · market cap 15.93%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
6,590
Businesses Nearby
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Business Placement
Demographics for 19801, DE
16,219
Population
9,390
Households
1.7
Avg Household Size
34
Median Age
26%
College-Educated
85%
High-School Grad
4.4 sq mi
ZIP Area
3,686
Density / Sq Mi
$44,505
Median Household Income
$36,684
Median Earnings
$1,126
Median Rent
$196,000
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Wilmington, DE
Properties on Market for Multifamily properties in Wilmington
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The 1900-built property includes window-unit cooling, oil/radiant heat, and an electric water heater.
Where is this multifamily property located?
The property is located at 600 N West St Wilmington, DE.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Multifamily property built in 1900; 26R5‑B zoning; Electric window‑unit cooling
