Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Trinity Vicinity Triplex Opportunity Title is generated by Realmo AI

    801 W 9TH St, Wilmington, DE 19801

    View on Map
    Claim this Listing
    For Sale
    $395,000

    Three 2-bedroom apartments in Wilmington's classical Trinity Vicinity.

    Type:Investment
    Added:
    Apr 9, 2026
    Days on Market:
    55
    Last Refresh:
    Apr 9 at 7:15 am

    Property Features for 801 W 9TH St

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Joseph P Hurley III

    Listing agent Joseph P Hurley III License #RS-0018346

    Listing office PANTANO Real Estate, Inc.

    Listing date Apr 9, 2026

    Source Elliman

    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 PANTANO Real Estate, Inc.

    HighLights

    • Three separate 2‑bedroom apartments offer immediate rental income potential.
    • Fully rebuilt within the last 15 years +/- with modern, separate mechanical systems (HVAC, hot water, electric, gas).
    • Excellent location within walking distance to parks, places of worships, educational facilities, employment centers and Market St. nightlife.
    • Corner property in the desirable Trinity Vicinity neighborhood known for its architectural charm.
    • Durable brick and stucco exterior requires minimal maintenance.
    • Each unit has separate HVAC systems with Central Air.

    Overview

    Located in Wilmington's Trinity Vicinity, this corner building features three 2-bedroom apartments with modern floorplans. The building was rebuilt approximately 15 years ago. The main floor has two private exterior entrances, while the second and third floor units are accessed via an interior stair system with an exterior fire escape. Each unit has separate HVAC systems with central air, hot water tanks, and electric panels, plus one electric panel for the common area, as well as separate gas meters. The exterior features brick covered in stucco and brick paver sidewalks with granite curbs. The property is located within walking distance to parks, places of worship, educational facilities, employment centers, and Market St nightlife. The transit score is 51, indicating good transit options. The bike score is 47, indicating it is somewhat bikeable. The walk score is 43, indicating it is car-dependent. This property presents an opportunity for investors to operate for cash flow.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5556853
    Latitude
    39.7478746

    Nearby Similar for Sale

    • $950,000

      Versatile Office Building with Parking

      Multi-tenant office building with private parking in Wilmington, DE.
      2400 W 4TH ST, WILMINGTON, DE 19805
      View Details
    • $439,900
      4,250 SF

      Wilmington Triplex: Investment Opportunity

      Well-maintained triplex in Wilmington with immediate rental income.
      902 N MADISON Street, WILMINGTON, DE 19801
      View Details
    • $395,000
      2,875 SF

      Trinity Vicinity Triplex in Wilmington

      Three 2-bedroom apartments in a vibrant, walkable Wilmington neighborhood.
      801 W 9TH Street, WILMINGTON, DE 19801
      View Details
    • $1,100,000

      Renovated Office Building in Wilmington

      Two-story office building in prime location with flexible suite arrangements.
      1501 N WALNUT Street, WILMINGTON, DE 19801
      View Details
    • $380,000
      2,268 SF

      Wilmington Mixed-Use Investment Opportunity

      Profitable mixed-use property with strong rental history in Wilmington.
      837 W 4TH Street, WILMINGTON, DE 19801
      View Details
    • $699,000

      Mixed-Use Building in Central Business District

      Three-story mixed-use building with restaurant and residential units.
      919 N ORANGE Street, WILMINGTON, DE 19801
      View Details
    • $475,000
      4,180 SF

      North Market Street Redevelopment Opportunity

      4,180 SF redevelopment opportunity in Wilmington's urban commercial area.
      1701 N MARKET St, Wilmington, DE 19802
      View Details
    • $230,000
      1,800 SF

      Updated Duplex in Wilmington

      Two-unit property with updated electrical systems, suitable for investors.
      1607 W 4TH Street, WILMINGTON, DE 19805
      View Details
    • $895,000

      North Wilmington Commercial Opportunity

      Premium commercial property in North Wilmington with high visibility and accessibility.
      2417 SILVERSIDE RD, WILMINGTON, DE 19810
      View Details
    • $560,000

      Renovated Triplex in Triangle District

      Updated triplex in Wilmington's Triangle District, ideal for investors.
      709 W 19TH ST, WILMINGTON, DE 19802
      View Details
    • $180,000

      WILMINGTON Retail Opportunity For Sale

      Retail space for sale on a busy street.
      2910 N MARKET Street, WILMINGTON, DE 19802
      View Details
    • $300,000

      Wilmington Office and Warehouse Space

      Flexible office and warehouse space with secure, fenced yard.
      1517 W 3RD St, Wilmington, DE 19805
      View Details

    FAQs

    What type of property is this?
    Triplex - Three 2-bedroom apartments in Wilmington's classical Trinity Vicinity.
    Where is this triplex located?
    The property is located at 801 W 9TH St Wilmington, DE.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Three separate 2‑bedroom apartments offer immediate rental income potential.; Fully rebuilt within the last 15 years +/- with modern, separate mechanical systems (HVAC, hot water, electric, gas).; **Excellent location within walking distance to parks, places of worships, educational facilities, employment centers and Market St. nightlife.**
    (302) 740-5524
    We can help!
    Listing Contact
    Joseph P Hurley III
    Real Estate License ID: RS-0018346
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    801 W 9TH St, Wilmington, DE 19801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!