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. 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!
Public Records
Aug 9, 2004
Sold
$10
$0/sq ft
Public Records
Feb 17, 2004
Sold
$10
$0/sq ft
Public Records
Apr 12, 2001
Sold
$42,000
$27/sq ft
Public Records
Jan 1, 1976
Sold
$29,500
$19/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,317 (+49.7%)
$42,100 + $222,000
$264,100
2024
$1,548 (+13.4%)
$42,100 + $222,000
$264,100
2023
$1,366 (−1.2%)
$7,100 + $34,800
$41,900
2022
$1,382
$7,100 + $34,800
$41,900
2021
$1,382 (−0.3%)
$7,100 + $34,800
$41,900
2020
$1,386 (+0.2%)
$7,100 + $34,800
$41,900
2019
$1,384 (+2.0%)
$7,100 + $34,800
$41,900
2018
$1,357 (+1.2%)
$7,100 + $34,800
$41,900
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 607 Homestead Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,317 (+49.7%)
$42,100 + $222,000
$264,100
2024
$1,548 (+13.4%)
$42,100 + $222,000
$264,100
2023
$1,366 (−1.2%)
$7,100 + $34,800
$41,900
2022
$1,382
$7,100 + $34,800
$41,900
2021
$1,382 (−0.3%)
$7,100 + $34,800
$41,900
2020
$1,386 (+0.2%)
$7,100 + $34,800
$41,900
2019
$1,384 (+2.0%)
$7,100 + $34,800
$41,900
2018
$1,357 (+1.2%)
$7,100 + $34,800
$41,900
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.
1,575
Year built
1960
Style
Multi-Family (2-4 Unit)
County
New Castle County
APN
0704320104
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 1, 2026.
Property details
Parking
Parking Information
# of Attached Garage Spaces: 2
Garage Features: Other
# of Total Garage and Parking Spaces: 2
Has Garage
# of Garage Spaces: 2
Attached Garage, Driveway, On Street
Interior
Interior Information
Appliances: Dryer, Oven/Range - Electric, Range Hood, Washer
Flooring Type: Carpet, Luxury Vinyl Plank
Interior Features: Combination Kitchen/Living
Living Area Sq.Ft. Source: Estimated
Basement Information
Basement: Yes
Garage Access, Unfinished
Multi Unit Information
# of Two Bedroom Units: 2
# of Vacant Units: 1
Units Furnished: None
Other Units: Unit 1,Unit 2
Net Operating Income: $21,516
Income Includes: Apartment Rentals
Operating Expense Includes: Trash, Insurance
Exterior
Property Information
Total Below Grade Sq. Ft.: 0
Improvement Assessed Value: $34,800
Ownership Interest: Fee Simple
Year Built Source: Estimated
Building Information
# of Units (Total): 2
Construction Materials: Brick
Foundation Details: Concrete Perimeter
Other Structures: Above Grade, Below Grade
Lot Information
Lot Size Dimensions: 20.20 x 150.00
Lot Dimensions Source: Estimated
Tidal Water: No
Land Information
Land Assessed Value: $7,100
Above Grade Information
Finished Sq.Ft.: 1,575
Finished Sq.Ft. Source: Estimated
Below Grade Information
Unfinished Sq.Ft. Source: Estimated
Finished Sq.Ft. Source: Estimated
Financial
Tax Information
County Tax: $337
School Tax: $1,123
Tax Assessed Value: $41,900
Tax Year: 2024
Tax Annual Amount: $1,460
Assessments Information
Year Assessed: 2024
Lease Information
Existing Lease Type: Month to Month
Rental Information
Rent Control: No
Total Actual Rent: $30,000
Utilities
Utilities Information
Forced Air
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Sewer Septic: Private Sewer
Water Source: Public
Location
School Information
School District Name: RED CLAY CONSOLIDATED
School District Source: Listing Agent
Location Information
Outside City Limits
Directions: Maryland Avenue to Alban Park.
Public facts
Beds: 4
Baths: 2.0
Sq. Ft.: 1,575
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: 0704320104
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
$321,000 – $389,000
Reach more buyers when you sell with Redfin. Save up to $3,379 in fees.3 minutes to get started.
Get a free, detailed breakdown of how we calculated your estimate.