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153 Courtney St
Newark, DE 19711

$8,200,000 USD

Apartments For Sale  •  40,196 SF

Property Details

  • Property Type Apartments
  • Total Building Size 40,196 SF
  • Lot Size 0.51 AC
  • Building Class C
  • Year Built 1900
  • Tenancy Multiple
  • Zoning 18UN
50 Transit Score
50 Walk Score

Highlights

The portfolio grosses $912,000 in annual rental income, with a low expense load of 28.4% of effective gross income.
The portfolio serves The University of Delaware, providing 122 student beds across 78 units, with an average monthly rent of $610 per bed.
The Upper New Castle County multifamily submarket shows strong demand for student housing, with rents increasing by 2.4% over the past year.

Property Flyers

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Laundry Facilities
  • Property Manager on Site
  • Heating
  • Furnished Units Available
  • Gameroom
  • Media Center/Movie Theatre
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Maintenance on site
  • Online Services
  • Freezer
  • Roommate Matching
  • Walk To Campus
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Newark (R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) 2 min 14 min 0.7 mi
Churchmans Crossing (R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) 12 min - 5.9 mi
Transit/SubwayDriveWalkDistance
Newark (R2 - Southeastern Pennsylvania Transportation Authority Regional Rail (SEPTA Regional Rail)) 2 min 12 min 0.6 mi
AirportDriveWalkDistance
Philadelphia International 49 min - 34.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 15
Type: Surface
Included in Rent: Yes
Craig Dunkle 717-554-4881 SCOPE
Craig Dunkle 717-554-4881 SCOPE