Bought with Dakota D Williams • Long & Foster Real Estate, Inc.
$255,000
$249,900
2.0%For more information regarding the value of a property, please contact us for a free consultation.
1,575 SqFt
SOLD DATE : 08/22/2025
Key Details
Sold Price $255,000
Property Type Multi-Family
Sub Type Interior Row/Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 1,575 sqft
Price per Sqft $161
Subdivision Alban Park
MLS Listing ID DENC2085560
Sold Date 08/22/25
Style Other
Abv Grd Liv Area 1,575
Year Built 1965
Available Date 2025-07-11
Annual Tax Amount $1,398
Tax Year 2021
Lot Size 3,049 Sqft
Acres 0.07
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Turnkey Duplex – Cash Flow from Day One!
Welcome to 612 Homestead Road, a rare and desirable multi-family investment opportunity featuring two well-maintained 2-bedroom, 1-bath units, both currently occupied with stable tenants. This property offers a solid foundation of monthly income with room for growth. There's opportunity to increase cash flow over time, making this a smart buy-and-hold investment.
Recent updates include high-efficiency HVAC systems and water heaters, with one unit just replaced keeping long-term maintenance costs down. The lower level offers an excellent opportunity to install coin-operated laundry machines, creating an additional income stream and increasing your return on investment.
Whether you're an experienced investor or just entering the market, this property checks all the boxes: strong rental income, low maintenance, and upside potential.
Opportunities like this don't come up often so schedule your private tour today and start building wealth with 612 Homestead Road.
Location
State DE
County New Castle
Area Elsmere/Newport/Pike Creek (30903)
Zoning NC5
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling None
Fireplace N
Heat Source Natural Gas
Exterior
Parking Features Garage - Rear Entry, Inside Access
Garage Spaces 1.0
Water Access N
Accessibility None
Attached Garage 1
Total Parking Spaces 1
Garage Y
Building
Foundation Slab
Above Ground Finished SqFt 1575
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Red Clay Consolidated
Others
Tax ID 07-043.20-073
Ownership Fee Simple
SqFt Source 1575
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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