Duplex with Private
For Sale
$299,999
623 CONCORD Avenue, Wilmington, DE 19802
Multi-Family, WILMINGTON, DE
Property Size1,675 SF
Lot Size0.07 Acres
Price / SF$179.10
Days on Market93
Property Features for 623 CONCORD Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Rooms
Basement
Parking features
On Street
Fireplace
1
Appliances
Dryer - Electric, Washer
Elementary school district
RED CLAY CONSOLIDATED
Middle school district
RED CLAY CONSOLIDATED
High school district
RED CLAY CONSOLIDATED
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), Baseboard, Electric (Heating)
Amenities
in-unit washer and dryer
private rear decks
Building Details
Year built
1920
Number of units
2
Building materials
Brick
Architectural style
Other
Listing Agency:
EXP Realty, LLC
(888) 543-4829
Listed By:
Brandon L Jones · License #RS-0022985
(302) 420-5930
Added: Jul 6
Changed: Sep 24
Last Checked: Oct 6 at 4:06AM
MLS# DENC2106418
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 brick duplex contains two separate residences: one with 1 bedroom and 1 full bathroom, and another with 2 bedrooms and 1 full bathroom. Both units include their own washer and dryer, while private rear decks extend the usable living space outdoors. The property also includes a basement, a fireplace, electric baseboard heating, and on-street parking.
Built in 1920, the property occupies 0.07 acres in Wilmington, Delaware. Its two-unit layout can accommodate an owner-occupant arrangement with rental income from the second residence or continued use as a multifamily property. The sale is being offered as is, with shopping, dining, schools, parks, and major commuter routes identified nearby.
Built in 1920, the property occupies 0.07 acres in Wilmington, Delaware. Its two-unit layout can accommodate an owner-occupant arrangement with rental income from the second residence or continued use as a multifamily property. The sale is being offered as is, with shopping, dining, schools, parks, and major commuter routes identified nearby.
Key Highlights
- Two‑unit layout with 1‑bedroom and 2‑bedroom residences
- Each unit includes 1 full bathroom and its own washer and dryer
- Private rear decks serve both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,760
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$355,200
$355.2K
Cap Rate 7%
$253,714
$253.7K
Cap Rate 9%
$197,333
$197.3K
Market Conditions
NOI Build-Up for 1,675 SF
Gross rent
$27.1K $16.20/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$25.4K $15.15/SF
− OpEx
−$7.6K −$4.54/SF
NOI
$17.8K $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%
$355,200
Cap Rate 7%
$253,714
Cap Rate 9%
$197,333
Alternative Uses
Best Use
Multifamily LT 5
$253.7K
$222.0K – $296.0K
NOI $17,760 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$226.6K
$198.3K – $264.4K
NOI $15,865 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$400.6K
$350.6K – $467.4K
NOI $28,045 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
854
Businesses Nearby
Explore this area
Business Placement
Demographics for 19802, DE
26,189
Population
11,596
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
89%
High-School Grad
3.5 sq mi
ZIP Area
7,483
Density / Sq Mi
$54,370
Median Household Income
$39,579
Median Earnings
$1,236
Median Rent
$188,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit brick property with in-unit laundry, outdoor decks, and a flexible owner-occupant or rental configuration.
Where is this duplex located?
The property is located at 623 CONCORD Avenue Wilmington, DE.
What is the asking price?
The asking price for this property is $299,999.
What are key features of this property?
This property features: Two‑unit layout with 1‑bedroom and 2‑bedroom residences; Each unit includes 1 full bathroom and its own washer and dryer; Private rear decks serve both residences
