Two-Unit Duplex with
New
For Sale
$259,000
917 Vandever Avenue, Wilmington, DE 19802
Both residences have three bedrooms, one bath, and separate entrances.
Property Size2,100 SF
Price / SF$123.33
Days on Market7
Property Features for 917 Vandever Avenue
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/1BA
Multifamily Units
2
Additional Details
Gross Income
$17,400
Building Details
Year Built
1920
Buildings
1
Listing Agency:
Foraker Realty Co.
Listed By:
Brian Foraker · License #3140455
(484) 406-3004
Source:
Findmydedreamhome
Added: Sep 29
Last Checked: Oct 5 at 3:52PM
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 Foraker Realty Co.
Investment Insights
Based on property information with market context.
Built in 1920, this 2,100-square-foot duplex contains two three-bedroom, one-bath residences, each with its own entrance. The property also includes a full basement. The vacant first-floor unit has fresh paint and new flooring; the second-floor unit is occupied.
Key Highlights
- Two 3‑bedroom, 1‑bath units
- 2,100 square feet total
- Full basement and separate entrances for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,266
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,320
$445.3K
Cap Rate 7%
$318,086
$318.1K
Cap Rate 9%
$247,400
$247.4K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$34.0K $16.20/SF
− Vacancy
−$2.2K −$1.05/SF
EGI
$31.8K $15.15/SF
− OpEx
−$9.5K −$4.54/SF
NOI
$22.3K $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%
$445,320
Cap Rate 7%
$318,086
Cap Rate 9%
$247,400
Alternative Uses
Best Use
Multifamily LT 5
$318.1K
$278.3K – $371.1K
NOI $22,266 @ 7.0% cap · market cap 8.60%
Second Best
Apartment 5plus
$284.2K
$248.6K – $331.5K
NOI $19,891 @ 7.0% cap · market cap 7.68%
Theoretical Best
Office A
$502.3K
$439.5K – $586.0K
NOI $35,161 @ 7.0% cap · market cap 13.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,125
Businesses Nearby
Explore this area
Business Placement
Demographics for 19802, DE
26,189
Population
11,596
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
89%
High-School Grad
3.5 sq mi
ZIP Area
7,483
Density / Sq Mi
$54,370
Median Household Income
$39,579
Median Earnings
$1,236
Median Rent
$188,400
Median Home Value
Check the figures for this property
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 - Both residences have three bedrooms, one bath, and separate entrances.
Where is this duplex located?
The property is located at 917 Vandever Avenue Wilmington, DE.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: Two 3‑bedroom, 1‑bath units; 2,100 square feet total; Full basement and separate entrances for each unit
