Delaware
Wilmington
612 HOMESTEAD RD

$249,900

612 HOMESTEAD RD, Wilmington, DE 19805

1,575 sqft

Duplex
Built in 1965
3,049sqft lot
1 car garage
$159/sqft
Listed 9 days ago

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.

Listing Status:: Pending
Date Added:: July 11, 2025 at 05:00AM
Listing Office:: Long & Foster Real Estate, Inc. : 3023515000
Listing Agent:: Hovik Nazarian : 3027400111
MLS ID:: DENC2085560

This listing courtesy of Hovik Nazarian, Long & Foster Real Estate, Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Richardson Park Learning Center

99 Middleboro Rd, Wilmington, DE, 19804

Grades PK-5

0.96 miles away

Conrad Schools of Science

201 Jackson Ave, Wilmington, DE, 19804

Grades 6-12

1.50 miles away

Conrad Schools of Science

201 Jackson Ave, Wilmington, DE, 19804

Grades 6-12

1.50 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.