Property summary
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 profile
VerifiedCap rate & NOI
Current use
-
Apartment Building
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 30 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- 300 reports a month
- Location Analytics
- Market Trends
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Ownership
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Property Information
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Potential
- Location Insight
- Alternative use
- Local Zoning Insight