Coming soon! An exceptional duplex opportunity just outside the city limits in Alban Park! Do not miss this opportunity to own a great multifamily building in a quiet and sprawling neighborhood.
Multi-familyProperty Type
1960Year Built
3,049 sq ftLot Size
$146Est. Price/Sq.Ft.
2 spacesParking
Listed by Tony Letizia• VRA Realty
•484-800-1777 (broker)
•operations@vrarealty.com (broker)
Bought with Diego Reyes Rodriguez• Patterson-Schwartz - Greenville
* Multiple offers * Highest and best are due 3/28 by 5:00pm . Rare opportunity to own a fully occupied 2-unit apartment building just outside the city limits. Both units are 2-bedroom 1 bath and are currently being rented at $1200 per unit. There is a common laundry room and garage in the walkout/drive out basement. New layer on roof just installed. Tenants pay all utilities. Owners' expenses: Taxes: $1450. Insurance $550. Trash $600. Owner will consider seller financing with 10 - 20% down. A fantastic opportunity to build on your portfolio and get instant cash flow. 9%+ Cap rate!
BRIGHT MLS #DENC334804
Jun 26, 2007
Listing Removed
—
Mar 26, 2007
Listed
$152,000
$70/sq ft
Public Records
Feb 17, 2004
Sold
$10
$0/sq ft
Public Records
Nov 23, 1999
Sold
$55,500
$26/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,366 (+44.5%)
$42,100 + $227,500
$269,600
2024
$1,637 (+13.4%)
$42,100 + $227,500
$269,600
2023
$1,444 (−1.2%)
$7,100 + $37,200
$44,300
2022
$1,461
$7,100 + $37,200
$44,300
2021
$1,461 (−0.3%)
$7,100 + $37,200
$44,300
2020
$1,466 (−3.2%)
$7,100 + $37,200
$44,300
2019
$1,514 (+11.6%)
$7,100 + $37,200
$44,300
2018
$1,357 (+1.2%)
$7,100 + $37,200
$44,300
2017
$1,340 (+4.8%)
$7,100 + $34,800
$41,900
2016
$1,279 (+6.7%)
$7,100 + $34,800
$41,900
2015
$1,199 (+8.1%)
$7,100 + $34,800
$41,900
2014
$1,109 (+1.3%)
$7,100 + $34,800
$41,900
2013
$1,095 (+4.3%)
$7,100 + $34,800
$41,900
2012
$1,050
$7,100 + $34,800
$41,900
Tax history for 605 Homestead Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,366 (+44.5%)
$42,100 + $227,500
$269,600
2024
$1,637 (+13.4%)
$42,100 + $227,500
$269,600
2023
$1,444 (−1.2%)
$7,100 + $37,200
$44,300
2022
$1,461
$7,100 + $37,200
$44,300
2021
$1,461 (−0.3%)
$7,100 + $37,200
$44,300
2020
$1,466 (−3.2%)
$7,100 + $37,200
$44,300
2019
$1,514 (+11.6%)
$7,100 + $37,200
$44,300
2018
$1,357 (+1.2%)
$7,100 + $37,200
$44,300
2017
$1,340 (+4.8%)
$7,100 + $34,800
$41,900
2016
$1,279 (+6.7%)
$7,100 + $34,800
$41,900
2015
$1,199 (+8.1%)
$7,100 + $34,800
$41,900
2014
$1,109 (+1.3%)
$7,100 + $34,800
$41,900
2013
$1,095 (+4.3%)
$7,100 + $34,800
$41,900
2012
$1,050
$7,100 + $34,800
$41,900
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
4
Baths
2
Stories
2
Lot width
20 ft.
Lot depth
150 ft.
Lot size
3,049 Sq. Ft.
Year renovated
—
Sq. Ft.
2,175
Year built
1960
Style
Multi-Family (2-4 Unit)
County
New Castle County
APN
0704320105
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 1, 2026.
Property details
Parking
Parking Information
# of Total Garage and Parking Spaces: 2
Driveway - # of Spaces: 2
Alley, Driveway, On Street
Interior
Interior Information
Living Area Sq.Ft. Source: Assessor
Basement Information
Basement: Yes
Full
Multi Unit Information
# of Two Bedroom Units: 2
# of Month To Month Units: 2
Units Furnished: None
Other Units: Unit 1,Unit 2
Exterior
Property Information
Total Below Grade Sq. Ft.: 0
Improvement Assessed Value: $37,200
Ownership Interest: Fee Simple
Year Built Source: Assessor
Building Information
# of Units (Total): 1
Construction Materials: Brick, Asbestos
Foundation Details: Block
Other Structures: Above Grade, Below Grade
Structure Type: Interior Townhouse/Rowhouse
Lot Information
Lot Size Dimensions: 20.20 x 150.00
Lot Dimensions Source: Assessor
Tidal Water: No
Land Information
Land Assessed Value: $7,100
Above Grade Information
Finished Sq.Ft.: 2,175
Finished Sq.Ft. Source: Assessor
Below Grade Information
Unfinished Sq.Ft. Source: Assessor
Finished Sq.Ft. Source: Assessor
Financial
Tax Information
County Tax: $366
School Tax: $1,095
Tax Assessed Value: $44,300
Tax Year: 2022
Tax Annual Amount: $1,461
Assessments Information
Year Assessed: 2022
Utilities
Utilities Information
Cooling Type: Window Unit(s)
Cooling Fuel: Electric
Forced Air
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Sewer Septic: Public Sewer
Water Source: Public
Location
School Information
School District Name: RED CLAY CONSOLIDATED
School District Source: Listing Agent
Location Information
Outside City Limits
Directions: PLEASE USE GPS.
Public facts
Beds: 4
Baths: 2.0
Sq. Ft.: 2,175
Stories: 2.0
Lot Size: 3,049 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1960
Year Renovated: —
County: New Castle County
APN: 0704320105
Home facts updated by county records on Jul 1, 2026
Around this home
Schools
Richardson Park Elementary School
Public K-5 • Assigned • 1.0mi
3/10
duPont (Alexis I.) Middle School
Public 6-8 • Assigned • 2.8mi
1/10
Dickinson (John) High School
Public 6-12 • Assigned • 5.4mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 102° expected this year, 15 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Wilmington, DE • 19805
Average low and high temperatures (°F)
35
22
40
26
58
37
66
46
72
54
83
64
87
71
80
62
77
61
68
48
56
39
42
28
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.
9.1 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$303,000 – $367,000
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