Building Details

Buildings 2

Units 20

Listing Agency: R&R Commercial Realty

Listed By: Larry Thompson · License #DE RS-0018781 Show Phone

Source: Crexi

Added: Sep 29, 2022 Changed: Aug 17 Last Checked: Aug 29 at 8:42AM

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Investment Insights

Based on property information with market context.

This property features approximately 18,000 square feet of rental townhome apartments, consisting of two buildings with a total of 20 apartments. It is situated in Smyrna, Delaware, less than 2 miles from Route 1 and Route 13. The location provides convenient access to area banks, restaurants, town offices, and public schools.

Key Highlights

• 18,000+\/- SF of rental townhome apartments.
• Consists of 2 buildings and 20 apartments total.
• Located in Smyrna.

Property Analytics

Property Profile

Current Use

Penn Vernon Apartment Building

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage HVAC Service (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

811

Businesses Nearby

Explore this area Business Placement

Demographics for 19977, DE

27,505

Population

9,899

Households

2.8

Avg Household Size

40

Median Age

23%

College-Educated

92%

High-School Grad

83.1 sq mi

ZIP Area

331

Density / Sq Mi

$78,803

Median Household Income

$48,246

Median Earnings

$1,366

Median Rent

$311,800

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - Two buildings with 20 apartments in Smyrna, Delaware.

Where is this apartment building located?

The property is located at 420 Smyrna Clayton Blvd Smyrna, DE.

What are key features of this property?

This property features: 18,000+\/- SF of rental townhome apartments.; Consists of 2 buildings and 20 apartments total.; Located in Smyrna.