3-Unit Brick
For Sale
$375,000
617 W 9TH STREET, Wilmington, DE 19801
Historic townhouse property with a detached garage, compact backyard, and three residential units in Wilmington.
Property Size1,750 SF
Lot Size0.04 Acres
Price / SF$214.29
Days on Market51
Property Features for 617 W 9TH STREET
General Information
Standard status
Active
Size
1,750 SF
Lot size
0.04 Acres
Property subtype
Triplex
Additional Details
Public Transit
Yes
Multifamily Units
3
Building Details
Year Built
1890
Buildings
1
Construction
brick
Listing Agency:
EXP Realty, LLC
(888) 543-4829
Listed By:
Erik Bashford · License #RS-0020681
(302) 540-8048
Source:
Cummingsrealtors
Added: Sep 3
Changed: Oct 19
Last Checked: Oct 23 at 7:53AM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This 1,750-square-foot triplex occupies an end-of-row townhouse built in 1890. The property includes three residential units, a classic brick exterior, and a large detached garage that provides storage space. A compact 0.04-acre lot includes a backyard, while on-street parking serves residents and guests. The property does not have an HOA fee.
Located at 617 W 9TH St in Wilmington, Delaware, the property records a walk score of 83, categorized as Very Walkable. Its bike score is 43, or Bikeable, and its transit score is 56, categorized as Good Transit. The combination of multiple units, a detached garage, and walkable access provides a clear physical profile for a residential income property.
Located at 617 W 9TH St in Wilmington, Delaware, the property records a walk score of 83, categorized as Very Walkable. Its bike score is 43, or Bikeable, and its transit score is 56, categorized as Good Transit. The combination of multiple units, a detached garage, and walkable access provides a clear physical profile for a residential income property.
Key Highlights
- Three residential units within a 1,750‑square‑foot property
- Built in 1890 with a classic brick exterior
- Large detached garage included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,555
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,100
$371.1K
Cap Rate 7%
$265,071
$265.1K
Cap Rate 9%
$206,167
$206.2K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$28.4K $16.20/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$26.5K $15.15/SF
− OpEx
−$8.0K −$4.54/SF
NOI
$18.6K $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%
$371,100
Cap Rate 7%
$265,071
Cap Rate 9%
$206,167
Alternative Uses
Best Use
Multifamily LT 5
$265.1K
$231.9K – $309.3K
NOI $18,555 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$236.8K
$207.2K – $276.3K
NOI $16,576 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$418.6K
$366.3K – $488.4K
NOI $29,301 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
6,717
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Historic townhouse property with a detached garage, compact backyard, and three residential units in Wilmington.
Where is this triplex located?
The property is located at 617 W 9TH STREET Wilmington, DE.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Three residential units within a 1,750‑square‑foot property; Built in 1890 with a classic brick exterior; Large detached garage included
