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Sold for $255,000 on 08/22/25
  • $255,000

    612 Homestead Rd, Wilmington, DE 19805

    4beds
    --baths
    1,575sqft
    Townhouse
    Built in 1965
    -- sqft lot
    $262,000 Zestimate®
    $162/sqft
    $1,841 Estimated rent

    Home value

    $262,000

    $236,000 - $291,000

    $1,841/mo

    Zestimate® history
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    $1,841/mo

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    $1,462/mo

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    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: August 22, 2025 at 06:07am

    Listed by:

    Hovik Nazarian 302-740-0111,

    Long & Foster Real Estate, Inc.

    Bought with:

    Dakota Williams, R3-0014474

    Long & Foster Real Estate, Inc.

    Source: Bright MLS,MLS#: DENC2085560MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    Basement
    • Area: 0
    Heating
    • Forced Air, Natural Gas
    Cooling
    • None, Electric
    Appliances
    • Included: Gas Water Heater
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 1,575
    • Total interior livable area: 1,575 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Garage Faces Rear, Inside Entrance, Attached
    • Attached garage spaces: 1
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 3,049 sqft
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 07043.20073
    • Zoning: NC5
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Townhouse
    Materials
    • Brick
    • Foundation: Slab
    Condition
    • New construction: No
    • Year built: 1965

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Wilmington
    • Subdivision: Alban Park

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    8/22/2025Sold$255,000+2%$162/sqft
    Source: Bright MLS #DENC2085560
    7/17/2025Pending sale$249,900$159/sqft
    Source: Bright MLS #DENC2085560
    7/11/2025Listed for sale$249,900+72.3%$159/sqft
    Source: Bright MLS #DENC2085560
    10/8/2021Sold$145,000-6.4%$92/sqft
    Source: Bright MLS #DENC2005602
    9/30/2021Pending sale$154,900$98/sqft
    Source: Bright MLS #DENC2005602

    Public tax history

    YearProperty taxesTax assessment
    2025-- $262,400 +518.9%
    2024$1,567 +13.4%$42,400
    2023$1,382 +0%$42,400

    Find assessor info on the county website

    Neighborhood: 19805

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Red Clay Consolidated

    Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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