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Listed price in listed location currency (USD).
$3,300,000

000

MLS® DENC2103146

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage 
Taxes $15,758
Days Active 3
Lot Size 
Approx. Age 2021
MLS® Number DENC2103146

Property Address: 118 New London Rd, NEWARK, DE, 19711-7037

Average square foot calculated using Size range provided by listing agent.

Description

118 New London Road offers a rarely available 5-unit student housing investment opportunity. Originally three separate detached 4-bedroom homes this property was rezoned and reimagined in 2021. The original three homes were renovated, and two additional 5-bedroom homes built in between to turn this into one property consisting of five row homes with high density garden apartment zoning. The property’s location is strategically located between UD’s main campus and the north campus. This location and the quality of construction have resulted in 100% occupancy since its inception with favorable annual rent increases. The current owners designed these units for today’s college students with trends towards individual bedrooms and multiple baths. Surrounded by other comparable student housing complexes adds to the demand for this area and type of unit. The University has shown strong student body demographics and continues to add many exciting capital projects and campus growth with the addition of the STAR campus and other buildings throughout its campus.
MLS® NumberDENC2103146
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age2021
Basement
DrivewayPaved Parking, Parking Lot
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 15, 2026List Date
$3,300,000List Price
  • Commute

Commute

Starting Address
Destination Address
118 New London Rd, Newark, DE

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