633 HOMESTEAD ROAD, WILMINGTON, DE 19805
ALBAN PARK · NEW CASTLE County
Key Facts
Description
Rare investment opportunity! Well-maintained duplex located in a highly desirable Wilmington rental market where multi-family properties seldom become available. Each unit features 2 bedrooms, 1 bath, living room, and kitchen with dining area. Long-term tenants with excellent rental histories would like to stay, providing immediate income and stability. Current gross annual rental income is $21,300, with potential for future rent increases. Property also offers a detached 2-car garage, additional storage space, private rear parking for 2 vehicles, and ample street parking. An excellent opportunity for investors seeking reliable income and future appreciation in a high-demand location.
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Structure Type
Townhouse
Year Built
1960
Stories
2
Living Area
1,575 sq ft
Lot Size
0.07 acres
Lot Dimensions
20.20 x 150.00
Garage Spaces
2
Parking Spaces
4
Zoning
NC5
Days on Market
1
MLS® Listing#
DENC2105952
Property Features
Appliances
Cooling
Heating
Pool
Parking
Construction
Foundation
Sewer
Water Source
Schools
- Elementary:
- RICHARDSON PARK
- High:
- JOHN DICKINSON
- District:
- RED CLAY CONSOLIDATED
Financial Details
Annual Taxes
$2,317
Tax year 2025
Assessed Value
$264,000
Parcel Number
07-043.20-091
Directions
GPS
Affordability Calculator
$56,000
Estimated monthly payment
$1,490/mo
Principal $224,000 · Est. interest $312,500 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in WILMINGTON, DE
- $316,092
- Median Listing Price
- 44
- Median Days on Market
- 1,580
- Median Sq Ft
- $187
- Median Price / Sq Ft
- 380
- Active Listings
- This home’s price is 11% below the area median.
- Its price per sq ft is 5% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in WILMINGTON, DE.
Location
Points of Interest in WILMINGTON, DE
Showing the WILMINGTON area map.
Nearby Schools
Tender Care Learning Academy
School · 0.7 mi away
Pulaski (Casimir) Elementary School
Elementary · 0.7 mi away
Douglass School
School · 0.8 mi away
Richardson Park Elementary School
Elementary · 0.9 mi away
The Bayard School
Elementary · 1.1 mi away
Nativity Preparatory School
School · 1.1 mi away
High Road School of Delaware
Elementary · 1.2 mi away
Goddard School
School · 1.2 mi away
St Matthew's School
School · 1.2 mi away
Little Friends Learning Academy
School · 1.4 mi away
A Leap of Faith
School · 1.5 mi away
Harvest Christian Academy
School · 1.5 mi away
Odyssey Charter School
School · 1.5 mi away
All Saints Catholic School
School · 1.5 mi away
Conrad Athletics
Secondary · 1.5 mi away
St Peter Cathedral School
School · 1.6 mi away
Sheila's Dreams Child Care LLC
School · 1.6 mi away
Sarah Pyle Academy
School · 1.7 mi away
Elbert-Palmer Elementary School
Elementary · 1.7 mi away
Red Clay Consolidated School District
School · 1.8 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1405 W 2ND STREET, WILMINGTON, DE | $199,000 | 5 | 1 | 2,050 |
| 110 N FRANKLIN STREET, WILMINGTON, DE | $199,000 | 4 | 3 | 1,500 |
| 127 EASTLAWN AVENUE, WILMINGTON, DE | $199,900 | 3 | 1 | 1,150 |
| 1317 LINDEN STREET, WILMINGTON, DE | $199,900 | 3 | 2 | 1,075 |
| 204 S CONNELL STREET, WILMINGTON, DE | $199,900 | 3 | 1 | 1,075 |
| 915 ANCHORAGE STREET, WILMINGTON, DE | $199,990 | 3 | 2 | 1,150 |
Moving Cost Estimate
EXIT Agents in WILMINGTON
Listing Courtesy: RE/MAX Edge - 3024424200