Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    420 Smyrna Clayton Blvd Smyrna, DE 19977

    Sponsored
    For Sale
    Contact for pricing

    20-Unit Multifamily Investment Opportunity

    Property size:
    18,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional multifamily investment opportunity presents a well-maintained 20-unit apartment complex situated in the desirable town of Smyrna, Delaware. The property comprises two buildings totaling over 18,000 square feet on approximately 0.2 to 1.3 acres of land. Each of the 20 units is a spacious townhome-style apartment, boasting approximately 900 square feet of living space. All units feature two bedrooms and one bathroom, along with the convenience of in-unit washer and dryer hookups. The individual townhome design provides each unit with its own separate entrance and address, enhancing privacy and appeal to tenants. The property's prime location offers easy access to major roadways, including Route 1 and Route 13, placing residents within close proximity to a variety of amenities. Nearby conveniences include banks, restaurants, town offices, and public schools. Utilities are provided by the Town of Smyrna (water, sewer, and electric) and Chesapeake Utilities (natural gas), ensuring a streamlined management process. This property presents a compelling investment opportunity due to its strong tenant base, desirable location, and well-maintained condition. The two parcels offer potential for future development or expansion. This is an excellent opportunity to acquire a stable, income-generating asset in a thriving Delaware community.

    Property Features for 420 Smyrna Clayton Blvd

    General Information

    Property type
    Multifamily properties
    Square Feet
    18,000 SF
    Lot Size
    8,712 SF

    Building Details

    Buildings
    2
    Units
    20

    HighLights

    • 2 Parcels totaling over 18,000 square feet on approximately 0.2 to 1.3 acres.
    • 20 Units: Two‑bedroom, one‑bathroom apartments.
    • Units average 900 square feet.
    • All units include in‑unit washer/dryer hookups.
    • Townhome‑style units with private entrances and separate addresses.
    • Town of Smyrna provides water, sewer, and electric; Chesapeake Utilities provides natural gas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Penn Vernon Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Smyrna
    County
    Kent
    State
    Delaware
    Longitude
    -75.6123112
    Latitude
    39.2974149

    Nearby Similar for Sale

    • $580,000
      4,374 SF

      Five-Unit Apartment Building in Smyrna

      Five-unit apartment building with separate utilities and tenants in place.
      133 S Main St, Smyrna, DE 19977
      View Details
    • $515,000
      0.17 Acres

      Commercial Property in Smyrna, DE

      Commercial property for sale or lease in Smyrna, Delaware.
      141 S Dupont Blvd, Smyrna, DE 19977
      View Details
    • $137,900

      Bon Ayre Community Home

      Two-bedroom, two-bath home in active clubhouse community.
      919 Appleberry Dr, Smyrna, DE 19977
      View Details
    • Contact for pricing
      173,051 SF

      Smyrna Industrial Building on 12.25 Acres

      173,000 SF industrial building on 12.25 acres in Smyrna, DE.
      655 W Glenwood Ave, Smyrna, DE 19977
      View Details
    • $382,000

      New Construction 55+ Community

      New homes in a 55+ community with many amenities.
      00 Felix View Ct, Smyrna, DE 19977
      View Details
    • $149,900
      1,425 SF

      Retirement Living in Ridgewood Manor

      Three-bedroom, two-bath manufactured home in a 55+ community.
      163 Northwoods Dr, Smyrna, DE 19977
      View Details
    • $360,000
      2,629 SF

      Spacious Townhome with Finished Basement

      Smyrna townhome featuring a finished basement, garage, and private deck.
      107 Summer Dr, Smyrna, DE 19977
      View Details
    • $399,000
      4,913 SF

      Restaurant Building with Outdoor Patio

      Former restaurant with patio in Smyrna's historic district.
      19-21 W Commerce St, Smyrna, DE 19977
      View Details
    • $47,500

      Residential Property with Open Layout

      Two-bedroom, two-bathroom home with potential in Smyrna, DE.
      21 Holly Hill Dr, Smyrna, DE 19977
      View Details
    • $70,000

      Move-In Ready Home in Smyrna

      Renovated two-bedroom, two-bathroom home in Holly Hill Estates.
      128 Ivy Ridge Ct, Smyrna, DE 19977
      View Details
    • $671,990

      31 SUMMIT DRIVE BRANDYWINE

      Property at 31 SUMMIT DRIVE BRANDYWINE, Smyrna, DE 19977
      31 Smt Dr, Smyrna, DE 19977
      View Details
    • $435,000

      Eastridge Drive Specialty Property

      Specialty property for sale on Eastridge Drive, Smyrna.
      172 Eastridge Dr, Smyrna, DE 19977
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 20-Unit Multifamily Investment Opportunity
    Where is this multifamily property located?
    The property is located at 420 Smyrna Clayton Blvd Smyrna, DE.
    What are key features of this property?
    This property features: 2 Parcels totaling over 18,000 square feet on approximately 0.2 to 1.3 acres.; 20 Units: Two-bedroom, one-bathroom apartments.; Units average 900 square feet.
    Request Owner's contact information
    420 Smyrna Clayton Blvd Smyrna, DE 19977
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    420 Smyrna Clayton Blvd
    Smyrna, DE 19977
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    420 Smyrna Clayton Blvd Smyrna, DE 19977
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.