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    Property profile & analytics

    1230 Linden St Wilmington, DE 19805

    • Residential income homes
    • 1,825 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US17-0159550
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 1230 Linden St

    Property size
    1,825 SF
    Property type
    Residential income homes

    Description

    This meticulously renovated duplex in Wilmington, Delaware's desirable Hedgeville neighborhood presents a rare investment opportunity. Priced at $265,000, this Class C multifamily property offers immediate cash flow with both units currently tenant-occupied. The property boasts a total of 1,825 square feet and features a thoughtfully designed layout. The first floor unit comprises one bedroom and one bathroom, while the second floor unit offers three bedrooms and three bathrooms. Its convenient location provides easy access to major transportation arteries, including I-95 and the Amtrak station, placing residents within minutes of downtown Wilmington and its many attractions. The elegant and timeless architecture of the Hedgeville neighborhood adds to the property's appeal. This turnkey investment is perfect for those seeking a hassle-free entry into the Wilmington real estate market, offering a strong return on investment from day one. The property is located at 1230 Linden St, Wilmington, DE 19805, in New Castle County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.5671172
    Latitude
    39.7407847

    Comparable in this City

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      Union Street Duplex For Sale

      Duplex with commercial and residential units, ideal for investors.
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      Multi-Unit Building Near Riverfront

      Multi-unit building near Wilmington's Riverfront, ready for renovation.
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      Multi-Structure Investment Property in Wilmington

      Multi-structure property with updated units and value-add potential.
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    • $379,900

      Well-Maintained Twin Home in Wilmington

      Three-level home with versatile living space in a prime location.
      1025 N Scott St, Wilmington, DE 19805
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    Similar Nearby for Sale

    • $230,000

      Wilmington Investment Opportunity: Two Units

      Row home with two kitchens, ideal for rental income.
      1212 W 3Rd St, Wilmington, DE 19805
      View Details
    • $279,900
      Pending

      Little Italy Duplex Investment Opportunity

      Duplex in Little Italy with month-to-month tenant and vacant unit.
      1917 W 6Th St, Wilmington, DE 19805
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    • $235,000

      Union Street Duplex For Sale

      Duplex with commercial and residential units, ideal for investors.
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    • $220,000

      Multi-Unit Building Near Riverfront

      Multi-unit building near Wilmington's Riverfront, ready for renovation.
      500 S Van Buren St, Wilmington, DE 19805
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    • $549,900
      4,650 SF

      Multi-Structure Investment Property in Wilmington

      Multi-structure property with updated units and value-add potential.
      1131 S Broom St, Wilmington, DE 19805
      View Details
    • $379,900

      Well-Maintained Twin Home in Wilmington

      Three-level home with versatile living space in a prime location.
      1025 N Scott St, Wilmington, DE 19805
      View Details

    Similar Nearby for Lease

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      Conveniently Located Storage Garage

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    • $18 SF/Yr
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      Former Walgreens Stand-Alone Retail Building

      10,000 SF stand-alone building in Wilmington, Delaware.
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      Office/Retail building for lease in a prime location.
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      Wilmington Office Space Available

      Office space available for lease in Wilmington, Delaware.
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    • Contact for pricing
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      Retail Space in Wilmington

      Retail space available for lease in Wilmington, Delaware.
      2511 W 4Th St, Wilmington, DE 19805
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    1230 Linden St
    Wilmington, DE 19805
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    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
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