623 CONCORD Avenue, Wilmington, DE 19802
MULTI_FAMILY - Other - WILMINGTON, DE
- Added:
- Jul 6, 2026
- Days on Market:
- 1
- Last Refresh:
- Jul 6 at 7:06 pm
Property Features for 623 CONCORD Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street
- Fireplace
- 1
- Appliances
- Dryer - Electric, Washer
- Standard status
- Active
- Size
- 1,675 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3294
Utilities
- Heating system
- Other (Heating), Electric (Heating), Baseboard
Building Details
- Year built
- 1920
- Number of units
- 2
- Building materials
- Brick
- Architectural style
- Other
Listing agent Brandon L Jones License #RS-0022985 (302) 420-5930
Listing office EXP Realty, LLC 3411 Silverside Road unit: 104, Dover, DE (888) 543-4829
Listing date Jul 6, 2026
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.
HighLights
- Duplex built in 1920 with brick construction
- Unit mix: first unit has 1BR/1BA; second unit has 2BR/1BA
- In‑unit washer and dryer included for each unit
- Private rear decks for both units
- Fireplace present and basement included
- On‑street parking
Overview
The property is located at 623 CONCORD Avenue in Wilmington, Delaware, 19802, in New Castle County. The listing notes convenient proximity to shopping, dining, schools, parks, and major commuter routes. The property is being sold as is.
From a tenant and owner-occupant standpoint, the unit mix supports different household needs within the same duplex footprint. The presence of in-unit laundry and private outdoor deck space can add day-to-day convenience and usable living area to each unit. As a duplex, the layout may also appeal to buyers looking to maintain separate, income-producing spaces while living in one unit or renting both, subject to their specific occupancy and leasing plans.
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 | $27.1k | $16.20 |
| − Vacancy | −$1.8k | −$1.05 |
| EGI | $25.4k | $15.15 |
| − OpEx | −$7.6k | −$4.54 |
| NOI | $17.8k | $10.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Castle
- State
- Delaware
- Longitude
- -75.5418015
- Latitude
- 39.7600708
