633 Homestead Rd
Listing Notes
Rare investment opportunity! Well-maintained duplex located in a highly desirable Wilmington rental market where multi-family properties seldom become available. Each unit features 2 bedrooms, 1 bath, living room, and kitchen with dining area. Long-term tenants with excellent rental histories would like to stay, providing immediate income and stability. Current gross annual rental income is $21,300, with potential for future rent increases. Property also offers a detached 2-car garage, additional storage space, private rear parking for 2 vehicles, and ample street parking. An excellent opportunity for investors seeking reliable income and future appreciation in a high-demand location.
Price in context
Cheaper than 4% of the 24 homes listed nearby right now, which run $169,900 to $290,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 602 Homestead Rd | $169,900 | Studio |
| 533 Homestead Rd | $175,000 | 4 bd · 2 ba |
| 434 Homestead Rd | $185,000 | 3 bd · 1.5 ba |
| 1652 Coleman St | $189,000 | 4 bd · 1.5 ba |
| 1654 Coleman St | $195,000 | 4 bd · 1 ba |
| 204 Alban Dr | $199,000 | 3 bd · 1.5 ba |
| 225 Alban Dr | $199,999 | 3 bd · 1.5 ba |
| 424 Homestead Rd | $200,000 | 3 bd · 1.5 ba |
| 238 Alban Dr | $210,000 | 3 bd · 1.5 ba |
| 1611 Bonwood Rd | $215,000 | 3 bd · 1.5 ba |
| 236 Alban Dr | $215,000 | 3 bd · 1.5 ba |
| 607 Homestead Rd | $220,000 | 4 bd |
| 605 Homestead Rd | $220,000 | 4 bd |
| 1621 Bonwood Rd | $220,000 | 4 bd |
| 605 Homestead Rd | $229,000 | 4 bd · 2 ba |
| 601 Homestead Rd | $229,000 | 4 bd · 2 ba |
| 218 Alban Dr | $229,900 | 3 bd · 1.5 ba |
| 1524 Bonwood Rd | $236,500 | 3 bd · 1.5 ba |
| 1504 Bonwood Rd | $239,900 | 3 bd · 1 ba |
| 612 Homestead Rd | $249,900 | 4 bd |
| 1637 Coleman St | $249,900 | 3 bd · 1.5 ba |
| 607 Homestead Rd | $275,000 | — |
| 1521 Bonwood Rd | $279,900 | 3 bd · 1.5 ba |
| 1635 Bonwood Rd | $290,000 | — |
Where it is
For sale Coming soon Recently sold— zoom out for more