133 Madison Dr Newark, DE 19711
Estimated payment $1,205/month
Highlights
- Colonial Architecture
- Forced Air Heating System
- Property is Fully Fenced
- No HOA
About This Home
End-unit townhome located minutes from the University of Delaware, an area with consistently strong rental demand. This 3-bedroom property features a main level with an eat-in kitchen with island and a living room, along with a full bath on the upper level and a finished lower level with an additional full bath, kitchenette, living space, and separate storage room, offering flexibility that supports a variety of rental strategies and tenant profiles. The property has been personally managed and overseen since 2014, with routine maintenance and notable repairs completed over time consistent with long-term rental use. Improvements addressed typical plumbing items, interior repairs related to normal wear, roof and skylight-related work, regular servicing of the oil-fired heating system, and electrical updates including dedicated circuits for window air-conditioning units. Detailed maintenance records are available, offering transparency that supports underwriting and long-term ownership planning. Its end-unit configuration, proximity to UD, Main Street Newark, transit, and employment centers contribute to stable tenant demand, strong rentability, and the potential for improved net operating income through targeted updates. This property presents an attractive opportunity for investors seeking a well-located value-add asset with documented operating history and upside through operational efficiencies.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $1,920
Year Built
- Built in 1952
Lot Details
- 2,614 Sq Ft Lot
- Lot Dimensions are 27 x 100
- Property is Fully Fenced
- Property is in below average condition
Home Design
- Colonial Architecture
- Brick Exterior Construction
- Block Foundation
- Rubber Roof
Interior Spaces
- 1,120 Sq Ft Home
- Property has 3 Levels
- Partially Finished Basement
Parking
- 2 Parking Spaces
- 2 Driveway Spaces
- Paved Parking
Schools
- Downes Elementary School
- Shue-Medill Middle School
- Newark High School
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Oil
- Electric Water Heater
Community Details
- No Home Owners Association
- College Park Subdivision
Listing and Financial Details
- Assessor Parcel Number 18.024-00.178
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $389 | $36,900 | $7,100 | $29,800 |
| 2023 | $1,334 | $36,900 | $7,100 | $29,800 |
| 2022 | $1,320 | $36,900 | $7,100 | $29,800 |
| 2021 | $1,286 | $36,900 | $7,100 | $29,800 |
| 2020 | $1,249 | $36,900 | $7,100 | $29,800 |
| 2019 | $1,095 | $36,900 | $7,100 | $29,800 |
| 2018 | $1,070 | $36,900 | $7,100 | $29,800 |
| 2017 | $1,038 | $36,900 | $7,100 | $29,800 |
| 2016 | $1,035 | $36,900 | $7,100 | $29,800 |
| 2015 | -- | $36,900 | $7,100 | $29,800 |
| 2014 | $928 | $36,900 | $7,100 | $29,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/16/2025 12/16/25 | For Sale | $200,000 | 0.0% | $179 / Sq Ft | |
| 05/22/2024 05/22/24 | Rented | $1,500 | 0.0% | -- | |
| 05/16/2024 05/16/24 | Under Contract | -- | -- | -- | |
| 05/03/2024 05/03/24 | Price Changed | $1,500 | 0.0% | $1 / Sq Ft | |
| 05/03/2024 05/03/24 | For Rent | $1,500 | +7.1% | -- | |
| 02/22/2024 02/22/24 | Off Market | $1,400 | -- | -- | |
| 02/08/2024 02/08/24 | For Rent | $1,400 | +16.7% | -- | |
| 01/28/2022 01/28/22 | Rented | $1,200 | 0.0% | -- | |
| 01/12/2022 01/12/22 | Under Contract | -- | -- | -- | |
| 12/22/2021 12/22/21 | For Rent | $1,200 | +4.3% | -- | |
| 07/09/2019 07/09/19 | Rented | $1,150 | 0.0% | -- | |
| 07/03/2019 07/03/19 | Off Market | $1,150 | -- | -- | |
| 06/26/2019 06/26/19 | For Rent | $1,150 | +4.5% | -- | |
| 01/19/2018 01/19/18 | Rented | $1,100 | 0.0% | -- | |
| 01/09/2018 01/09/18 | Under Contract | -- | -- | -- | |
| 09/29/2017 09/29/17 | For Rent | $1,100 | 0.0% | -- | |
| 03/24/2014 03/24/14 | Rented | $1,100 | 0.0% | -- | |
| 03/22/2014 03/22/14 | Under Contract | -- | -- | -- | |
| 02/05/2014 02/05/14 | For Rent | $1,100 | 0.0% | -- | |
| 01/17/2014 01/17/14 | Sold | $100,000 | -9.0% | $89 / Sq Ft | View Prior Sale |
| 12/27/2013 12/27/13 | Pending | -- | -- | -- | |
| 11/03/2013 11/03/13 | For Sale | $109,900 | -- | $98 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $100,000 | Kirsh Title Services Inc |
Source: Bright MLS
MLS Number: DENC2094604
APN: 18-024.00-178
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