$610,000
SOLD MAY 19, 2025
Studio
-- Bath
4,000 Sq Ft
0.3 Acres

Recently Sold

$152 Per Sq Ft

8% Below List Price

150 Days on Market

Highlights

  • 0.3 Acre Lot
  • Central Air
  • Back Up Electric Heat Pump System
  • Traditional Architecture

About This Home

As of May 2025

Long term 5 unit apartment building in New Castle. Property fully rented, (1) 3 bedroom, (3) 2 bedroom & (1) 1 bedroom units. Tenants pay seperate heat, owner pays for water, sewer & trash. Plenty of parking, roof updated 5 years ago, combination of gas forced air units, electric baseboard and mini-split. Great corner lot, property generates $62K a year in income, great investment to add to your real estate portfolio. Owner is a licensed Delaware Realtor. Call today to view, please give 48 hour notice.

Last Agent to Sell the Property

Peter Meyer

(302) 218-2790 peter@meyerrealty.net Meyer & Meyer Realty License #RB-0003304 Listed on: 10/21/2024

Last Buyer's Agent

Sabri Thompson

(302) 561-1717 sabri@forakersales.com Foraker Realty Co. License #RS0025652

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,264

Year Built

  • Built in 1960

Lot Details

  • 0.3 Acre Lot
  • Lot Dimensions are 101.40 x 138.50

Parking

  • Parking Lot

Home Design

  • 4,000 Sq Ft Home
  • Traditional Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Shingle Roof

Utilities

  • Central Air
  • Back Up Electric Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 136
  • Assessor Parcel Number 10-010.40-136

Community Details

Overview

  • 4 Units
  • Holloway Terrace Subdivision

Building Details

  • Trash Expense $1,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,264

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • Inclusions: 5 stoves, 5 refrigerators
  • New Construction: No
  • Year Built: 1960
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Foundation Details: Block
  • Total Sq Ft: 4000
  • Living Area Sq Ft: 4000
  • Price Per Sq Ft: 164.97
  • Above Grade Finished Sq Ft: 4000
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick
  • Roof: Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Parking Lot

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Heat Pump - Electric Backup
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.30
  • Lot Dimensions: 101.40 x 138.50
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13068.00
  • Zoning: NC5
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 3157.00
  • Tax Annual Amount: 4264.00
  • Assessor Parcel Number: 10-010.40-136
  • Tax Lot: 136
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Other Units: Unit 5

MLS Schools

  • School District Name: COLONIAL

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/19/2025 05/19/25 Sold $610,000 -7.6% $153 / Sq Ft
05/09/2025 05/09/25 Price Changed $659,900 0.0% $165 / Sq Ft
03/20/2025 03/20/25 Pending -- -- --
02/08/2025 02/08/25 For Sale $659,900 0.0% $165 / Sq Ft
02/05/2025 02/05/25 Pending -- -- --
10/21/2024 10/21/24 For Sale $659,900 -- $165 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: DENC2070480

Bright MLS