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About the Listing PS-COLL - 3148132
End-unit townhome located minutes from the University of Delaware, an area with consistently strong rental demand. This 3-bedroom property features a main level with an eat-in kitchen with island and a living room, along with a full bath on the upper level and a finished lower level with an additional full bath, kitchenette, living space, and separate storage room, offering flexibility that supports a variety of rental strategies and tenant profiles. The property has been personally managed and overseen since 2014, with routine maintenance and notable repairs completed over time consistent with long-term rental use. Improvements addressed typical plumbing items, interior repairs related to normal wear, roof and skylight-related work, regular servicing of the oil-fired heating system, and electrical updates including dedicated circuits for window air-conditioning units. Detailed maintenance records are available, offering transparency that supports underwriting and long-term ownership planning. Its end-unit configuration, proximity to UD, Main Street Newark, transit, and employment centers contribute to stable tenant demand, strong rentability, and the potential for improved net operating income through targeted updates. This property presents an attractive opportunity for investors seeking a well-located value-add asset with documented operating history and upside through operational efficiencies.
Listing Highlights
Status
Active
Days on Site
3
Property Type
Townhome
MLS ®
DENC2094604
Year Built
1952
Total Square Footage
1,120
Lot/Acreage
0.06
County
New Castle
Building Name
NONE AVAILABLE
Neighborhood
College Park
School District
Christina
Elementary School
Downes
Middle School
Shue-Medill
High School
Newark
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Window Unit(s)
- Heating: Forced Air
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1120
- Below Ground Sq Ft: 0
- Basement: Partially Finished
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Parking Spaces: 2
- Lot Dimensions: 27 x 100
- Zoning: Townhouses
- Roof: Rubber
- Others: Below Average
- Sewer: Public Sewer
- Parking Features: Paved Parking,Driveway,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $1,920
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
133 Madison Dr Newark, DE 19711
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