Renovated Two-Unit
New
For Sale
$425,000
811 BENNETT Street, Wilmington, DE 19801
Multi-Family, WILMINGTON, DE
Property Size1,925 SF
Lot Size0.05 Acres
Price / SF$220.78
Days on Market1
Property Features for 811 BENNETT Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
On Street
Appliances
Built-In Microwave, Disposal, Dryer - Electric, Energy Efficient Appliances, ENERGY STAR Refrigerator, ENERGY STAR Dishwasher, Oven/Range - Gas, Stainless Steel Appliances, Water Heater - High-Efficiency
Subdivision
NONE AVAILABLE
Elementary school
BANCROFT
Middle school
DOUGLASS SCHOOL
High school
NEWARK
Elementary school district
CHRISTINA
Middle school district
CHRISTINA
High school district
CHRISTINA
Standard status
Active
Size
1,925 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Annual Amount
2975
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
central A/C
security system
Building Details
Year built
1990
Number of units
2
Building materials
Brick
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(302) 234-1888
Listed By:
Kevin Hobbs
(302) 530-3144
Added: Oct 6
Last Checked: Oct 6 at 10:06PM
MLS# DENC2112540
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 1,925 square feet across two residences: one with three bedrooms and two bathrooms, and another with two bedrooms and one bathroom. Renovation work was completed in 2024. Interior features include updated finishes, central air conditioning, and security systems. The property has been fully rented since the renovation was completed.
The 0.05-acre property has on-street parking. Appliances include a gas range, built-in microwave, disposal, electric dryer, ENERGY STAR refrigerator and dishwasher, and a high-efficiency water heater.
The 0.05-acre property has on-street parking. Appliances include a gas range, built-in microwave, disposal, electric dryer, ENERGY STAR refrigerator and dishwasher, and a high-efficiency water heater.
Key Highlights
- Two apartments: one with 3 bedrooms and 2 bathrooms; the other with 2 bedrooms and 1 bathroom
- 1,925 square feet of building area on a 0.05‑acre lot
- Renovation completed in 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,411
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,220
$408.2K
Cap Rate 7%
$291,586
$291.6K
Cap Rate 9%
$226,789
$226.8K
Market Conditions
NOI Build-Up for 1,925 SF
Gross rent
$31.2K $16.20/SF
− Vacancy
−$2.0K −$1.05/SF
EGI
$29.2K $15.15/SF
− OpEx
−$8.7K −$4.54/SF
NOI
$20.4K $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%
$408,220
Cap Rate 7%
$291,586
Cap Rate 9%
$226,789
Alternative Uses
Best Use
Multifamily LT 5
$291.6K
$255.1K – $340.2K
NOI $20,411 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$260.5K
$227.9K – $303.9K
NOI $18,233 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$460.4K
$402.9K – $537.2K
NOI $32,231 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
5,031
Businesses Nearby
Explore this area
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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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 - The property combines a three-bedroom apartment with a separate two-bedroom residence, both served by central air conditioning.
Where is this duplex located?
The property is located at 811 BENNETT Street Wilmington, DE.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two apartments: one with 3 bedrooms and 2 bathrooms; the other with 2 bedrooms and 1 bathroom; 1,925 square feet of building area on a 0.05‑acre lot; Renovation completed in 2024
