Residential Income Property with
614 LOVEVILLE RD #E01G, Hockessin, DE 19707
For Sale
$349,900
HOCKESSIN, DE
Property Size2,000 SF
Price / SF$174.95
Days on Market57
Property Features for 614 LOVEVILLE RD #E01G
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Elementary school district
Middle school district
High school district
Standard status
Amenities
swimming pool
clubhouse
assigned private basement storage
personal storage closet
Building Details
Year built
Listing Agency:
Greenville
(302) 351-5000
Listed By:
Michael J McCullough
Added: Sep 15
Changed: Oct 27
Last Checked: Nov 10 at 7:06AM
MLS# DENC2111220
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This first-floor residential income property is a two-bedroom, two-bath condominium offering more than 2,000 square feet of low-maintenance living space. The interior includes a foyer, open living and dining areas, a white kitchen with granite countertops and a built-in Sub-Zero refrigerator, and a bonus room suited to office, den, craft, or flex use. The primary suite has two walk-in closets and a private tiled shower, while the second bedroom also includes a walk-in closet. A 21' x 10' balcony extends from the main living area.
Community features include a swimming pool, clubhouse, assigned basement storage, and an additional storage closet outside the unit. Monthly condominium expenses include water, trash, heat, cable, high-speed Wi-Fi, security, and other services. The property is near restaurants, shopping, parks, fitness centers, major transportation routes, and everyday conveniences in Hockessin, Delaware. Built in 1973, the condominium is located at 614 Loveville Rd, Unit E01G.
Community features include a swimming pool, clubhouse, assigned basement storage, and an additional storage closet outside the unit. Monthly condominium expenses include water, trash, heat, cable, high-speed Wi-Fi, security, and other services. The property is near restaurants, shopping, parks, fitness centers, major transportation routes, and everyday conveniences in Hockessin, Delaware. Built in 1973, the condominium is located at 614 Loveville Rd, Unit E01G.
Key Highlights
- Two‑bedroom, two‑full‑bath first‑floor condominium
- More than 2,000 square feet of living space
- 21' x 10' balcony with views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,944
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$378,880
$378.9K
Cap Rate 7%
$270,629
$270.6K
Cap Rate 9%
$210,489
$210.5K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$36.7K $18.36/SF
− Vacancy
−$2.3K −$1.14/SF
EGI
$34.4K $17.22/SF
− OpEx
−$15.5K −$7.75/SF
NOI
$18.9K $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%
$378,880
Cap Rate 7%
$270,629
Cap Rate 9%
$210,489
Alternative Uses
Best Use
Apartment 5plus
$270.6K
$236.8K – $315.7K
NOI $18,944 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$478.4K
$418.6K – $558.1K
NOI $33,487 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
107
Businesses Nearby
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Business Placement
Demographics for 19707, DE
17,274
Population
6,610
Households
2.6
Avg Household Size
48
Median Age
65%
College-Educated
98%
High-School Grad
13.2 sq mi
ZIP Area
1,309
Density / Sq Mi
$172,161
Median Household Income
$90,171
Median Earnings
$2,230
Median Rent
$534,300
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in New Castle County, DE
Properties on Market for Residential income properties in New Castle County
Frequently Asked Questions
What type of property is this?
Residential income property - First-floor condo with flexible living space, private storage, and access to community amenities.
Where is this residential income property located?
The property is located at 614 LOVEVILLE RD #E01G Hockessin, DE.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two‑bedroom, two‑full‑bath first‑floor condominium; More than 2,000 square feet of living space; 21' x 10' balcony with views
