Three-Unit Colonial
801 W 9TH Street, Wilmington, DE 19801
For Sale
$375,000
Multi-Family, WILMINGTON, DE
Property Size2,875 SF
Lot Size0.03 Acres
Price / SF$130.43
Days on Market214
Property Features for 801 W 9TH Street
General Information
Property type
Property subtype
Rooms
Parking features
Interior features
Appliances
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Individually Metered Utilities
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Cooling system
Building Details
Year built
Number of units
Building materials
Architectural style
Buildings
Listing Agency:
Pantano Real Estate Inc
(302) 888-0300
Listed By:
Joseph P Hurley III · License #RS-0018346
(302) 740-5524
Added: Apr 8
Changed: Oct 23
Last Checked: Nov 7 at 12:06AM
MLS# DENC2094808
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.
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Investment Insights
Based on property information with market context.
This corner triplex contains three two-bedroom apartments within a 2,875-square-foot Colonial building. The main-level residence has two private entrances, while the upper apartments are reached through an interior stairway and include an exterior fire escape. The building was substantially rebuilt within approximately the past 15 years, with separate mechanical systems serving each unit.
Each apartment has its own HVAC system with Central Air, hot water tank, electric panel, and gas meter; an additional electric panel serves the common area. Brick construction beneath stucco, a brick paver sidewalk, and granite curbs define the exterior. Located in Wilmington’s Trinity Vicinity, the property is within walking distance of parks, houses of worship, educational facilities, employment centers, and Market St. nightlife. On-street parking is available.
Each apartment has its own HVAC system with Central Air, hot water tank, electric panel, and gas meter; an additional electric panel serves the common area. Brick construction beneath stucco, a brick paver sidewalk, and granite curbs define the exterior. Located in Wilmington’s Trinity Vicinity, the property is within walking distance of parks, houses of worship, educational facilities, employment centers, and Market St. nightlife. On-street parking is available.
Key Highlights
- Three two‑bedroom apartments in a 2,875‑square‑foot triplex
- Substantially rebuilt within approximately the past 15 years
- Three separate HVAC systems with Central Air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,483
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$609,660
$609.7K
Cap Rate 7%
$435,471
$435.5K
Cap Rate 9%
$338,700
$338.7K
Market Conditions
NOI Build-Up for 2,875 SF
Gross rent
$46.6K $16.20/SF
− Vacancy
−$3.0K −$1.05/SF
EGI
$43.5K $15.15/SF
− OpEx
−$13.1K −$4.54/SF
NOI
$30.5K $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%
$609,660
Cap Rate 7%
$435,471
Cap Rate 9%
$338,700
Alternative Uses
Best Use
Multifamily LT 5
$435.5K
$381.0K – $508.1K
NOI $30,483 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$389.0K
$340.4K – $453.9K
NOI $27,232 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$687.7K
$601.7K – $802.3K
NOI $48,137 @ 7.0% cap · market cap 12.84%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6,853
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
$196,000
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in Wilmington, DE
Properties on Market for Triplexes in Wilmington
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Rebuilt corner property with separate HVAC, electrical, hot water, and gas systems for each apartment.
Where is this triplex located?
The property is located at 801 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 two‑bedroom apartments in a 2,875‑square‑foot triplex; Substantially rebuilt within approximately the past 15 years; Three separate HVAC systems with Central Air
