406 N Ford Ave Wilmington, DE 19805

4 beds · 2 baths · 1,575 sq ft · Lot Size: 2,614 sq ft · Multi-Family Home (2 - 4 units) · Southwest Wilmington
Est. Property Value: $189,781

High Demand Long-Term RentalOwned for Less Than 5 Years

Get AI-powered intel on property income potential, propensity to sell and other key info to close on the right property.

406 N Ford Ave is in the Southwest Wilmington neighborhood of Wilmington, DE. It is located in New Castle County and ZIP code 19805. This Multi-Family Home (2 - 4 units) was built in 1940 and is approximately 85 years old. The multi-family home (2 - 4 units) spans 1575 sq ft with 4 bedrooms and 2 bathrooms and sits on a 2614 sq ft lot. According to public records, it was last sold in 2022 for $210,000. The Southwest Wilmington area of Wilmington has 87 residential homes with an average size of 1575 sq ft. Analyze and compare real estate investment strategies for properties like this home at 406 N Ford Ave Wilmington, DE 19805 with Property Intel by Whitepages.

406 N Ford Ave

Wilmington, DE 19805

Neighborhood

Owners & Occupancy for 406 N Ford Ave

No contact information is available.

Occupancy

Current Occupancy******View Occupancy
Resident 1**************
Resident 2**************
Resident 3**************** age 42
Resident 4**************** age 63
Resident 5***************

Property Financials for 406 N Ford Ave

406 N Ford Ave, Wilmington, DE has no known mortgage. New Castle county annual taxes are $1,223.

Property Tax

Purchase DateJuly 18, 2022
Property Tax Amount$1,223 in 2024
Purchase Price$210,000

Investment Potential for 406 N Ford Ave

The property has a current estimated value of $189,781, which is 6% below the neighborhood median, based on public records. It last sold on July 18, 2022 for $210K. Projected long-term
is $22,800 annually ($1,900 per month) with a 86% occupancy rate.

Discover more Multi-Family Home (2 - 4 units)s in Southwest Wilmington.
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Long-Term

Gross Rental
$22,800 per year($1,900 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
View Cap Rate
Occupancy Rate
86%in 19805 zip code
 
View Rental Potential

Property Details for 406 N Ford Ave

Property Details

Property Sq Ft

Living Area

1,575 sq ft

0% above market

Lot Size

2,614 sq ft

0% above market

Price Per Sq Ft

Living Area

$120 / sq ft

6% below market

Lot Size Area

$73 / sq ft

0% above market

Property condition, age, exterior, etc. for 406 N Ford…
Longitude: -75.581008 Latitude: 39.752996 Parcel Number (APN): 26-019.30-073…

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Discover more multi-family homes near 406 N Ford Ave in Wilmington, Delaware. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 406 N Ford Ave in New Castle County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$189,781
$255,489
-$65,708 (-26%)
$******
$519,586
-$23,586 (-5%)
YoY Price Change
****%
1.82%
-507%
Year Built
1940
1923
17 years
Living Space
1,575 sq ft
1,950 sq ft
-375 (-19%)
$ Per Living Sq Ft
$120
$135
-$15 (-11%)
Lot Size
2,614 sq ft
3,049 sq ft
-435 (-14%)
$ Per Lot Sq Ft
$73
$92
-$19 (-21%)

Net Operating Income
$*****
$20,140
-$3,004 (-15%)
Annual Revenue
$22,800
$27,000
-$4,200 (-16%)
$****
$6,473
-$809 (-12%)
Net Operating Income
$*****
$20,140
-$3,004 (-15%)
Cap Rate
****%
8.04%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 4-Bed Multi-Family Home (2 - 4 units) Medians

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