7013 GOVERNOR PRINTZ BOULEVARD, Wilmington, DE 19809
For Sale
$249,000
Available as an individual property or within a 10-property portfolio.
Property Size1,150 SF
Price / SF$216.52
Days on Market9
Property Features for 7013 GOVERNOR PRINTZ BOULEVARD
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
Crown Homes Real Estate
(302) 504-6147
Listed By:
Corey J Harris · License DE RS-0023712
(302) 729-2881
Source:
Cummingsrealtors
Added: Nov 6
Changed: Nov 12
Last Checked: Nov 12 at 8:16AM
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 Crown Homes Real Estate
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Investment Insights
Based on property information with market context.
This Wilmington duplex contains 2 bedrooms and 2 bathrooms, with 1,150 square feet of property size. The building dates to 1946.
The seller is offering the property either on its own or as part of a 10-property portfolio.
The seller is offering the property either on its own or as part of a 10-property portfolio.
Key Highlights
- 2‑bedroom, 2‑bathroom duplex
- 1,150 square feet
- Built in 1946
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,193
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,860
$243.9K
Cap Rate 7%
$174,186
$174.2K
Cap Rate 9%
$135,478
$135.5K
Market Conditions
NOI Build-Up for 1,150 SF
Gross rent
$18.6K $16.20/SF
− Vacancy
−$1.2K −$1.05/SF
EGI
$17.4K $15.15/SF
− OpEx
−$5.2K −$4.54/SF
NOI
$12.2K $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%
$243,860
Cap Rate 7%
$174,186
Cap Rate 9%
$135,478
Alternative Uses
Best Use
Multifamily LT 5
$174.2K
$152.4K – $203.2K
NOI $12,193 @ 7.0% cap · market cap 4.90%
Second Best
Apartment 5plus
$155.6K
$136.2K – $181.6K
NOI $10,893 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$275.1K
$240.7K – $320.9K
NOI $19,255 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Explore this area
Business Placement
Demographics for 19809, DE
14,658
Population
6,531
Households
2.2
Avg Household Size
42
Median Age
45%
College-Educated
97%
High-School Grad
6.8 sq mi
ZIP Area
2,156
Density / Sq Mi
$85,988
Median Household Income
$56,266
Median Earnings
$1,373
Median Rent
$308,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Wilmington, DE
Properties on Market for Duplexes in Wilmington
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Available as an individual property or within a 10-property portfolio.
Where is this duplex located?
The property is located at 7013 GOVERNOR PRINTZ BOULEVARD Wilmington, DE.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 2‑bedroom, 2‑bathroom duplex; 1,150 square feet; Built in 1946
