Triplex with Separate
600 W 5TH Street Wilmington, DE 19801
New
MULTI_FAMILY - WILMINGTON, DE
Property size:
2,775 SFLot size:
0.04 AcresPrice / SF:
$126/SF- Added:
- Jul 9, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 10 at 9:06 am
Property Features for 600 W 5TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Interior features
- Sprinkler System
- Standard status
- Active
- Size
- 2,775 SF
- Lot size
- 0.04 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2715
Utilities
- Heating system
- Forced Air
- Cooling system
- Window Unit(s)
Building Details
- Year built
- 1890
- Number of units
- 1
- Building materials
- Brick
Listing agent Michael Hunter License #RB-0002727 (302) 690-4144
Listing office Home Realty 2606 Eastburn Center, DE (302) 266-7544
Listing date Jul 9, 2026
MLS# DENC2106736
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 triplex offers three separate residential units, each configured as a 2-bedroom, 1-bath layout. The building provides separate gas hot water and electric service for each unit, which can simplify tenant-by-tenant utility management and supports independent occupancy. With a compact lot size and a total building area of 2,775 square feet, the property is designed as a straightforward, income-producing multi-family structure.
Located at 600 W 5th Street in Wilmington, Delaware, the property is described as within walking distance to Downtown Wilmington, the business district, and the Wilmington Riverfront. That proximity can be attractive to tenants looking to be near employment and local activity centers, while also supporting owner-occupancy if one unit is used as a primary residence.
For buyers, this layout may appeal to investors seeking a small, manageable multi-family asset with three units and separate utility services. It also offers an option for owner-occupants who want to live in one unit while renting the other two, maintaining independence between tenants through separate gas hot water and electric service.
Located at 600 W 5th Street in Wilmington, Delaware, the property is described as within walking distance to Downtown Wilmington, the business district, and the Wilmington Riverfront. That proximity can be attractive to tenants looking to be near employment and local activity centers, while also supporting owner-occupancy if one unit is used as a primary residence.
For buyers, this layout may appeal to investors seeking a small, manageable multi-family asset with three units and separate utility services. It also offers an option for owner-occupants who want to live in one unit while renting the other two, maintaining independence between tenants through separate gas hot water and electric service.
Key Highlights
- Brick building built in 1890 with a sprinkler system
- 3‑unit layout with three 2‑bedroom units
- Each unit has separate gas hot water and electric services
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 | $45.0k | $16.20 |
| − Vacancy | −$2.9k | −$1.05 |
| EGI | $42.0k | $15.15 |
| − OpEx | −$12.6k | −$4.54 |
| NOI | $29.4k | $10.60 |
2,775 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$420.3K
$367.8K – $490.4K
NOI $29,423 @ 7.0% cap · market cap 8.41%
Second Best
Apartment 5plus
$375.5K
$328.6K – $438.1K
NOI $26,285 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$663.8K
$580.8K – $774.4K
NOI $46,463 @ 7.0% cap · market cap 13.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Three 2-bedroom units with individual gas hot-water and electric services support flexible live-and-lease options.
Where is this triplex located?
The property is located at 600 W 5TH Street Wilmington, DE.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Brick building built in 1890 with a sprinkler system; 3‑unit layout with three 2‑bedroom units; Each unit has separate gas hot water and electric services
