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Jordan Muirhead

jordan@premiumrepartners.com +1(703) 615-8732

Listed by Michael Maloney • Patterson-Schwartz-Newark

$ 200,000

Est. payment -/mo

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133 MADISON DR Newark, DE 19711

1,120 SqFt

UPDATED:

Key Details

Property Type Townhouse

Sub Type End of Row/Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 1,120 sqft

Price per Sqft $178

Subdivision College Park

MLS Listing ID DENC2094604

Style Colonial

HOA Y/N N

Abv Grd Liv Area 1,120

Year Built 1952

Annual Tax Amount $1,920

Tax Year 2026

Lot Size 2,614 Sqft

Acres 0.06

Lot Dimensions 27 x 100

Property Sub-Type End of Row/Townhouse

Source BRIGHT

Property Description

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.

Location

State DE

County New Castle

Area Newark/Glasgow (30905)

Zoning 18RR

Rooms

Basement Partially Finished

Interior

Hot Water Electric

Heating Forced Air

Cooling Window Unit(s)

Inclusions As-is

Heat Source Oil

Exterior

Garage Spaces 2.0

Fence Fully

Water Access N

Roof Type Rubber

Accessibility None

Total Parking Spaces 2

Garage N

Building

Story 3

Foundation Block

Above Ground Finished SqFt 1120

Sewer Public Sewer

Water Public

Architectural Style Colonial

Level or Stories 3

Additional Building Above Grade, Below Grade

New Construction N

Schools

Elementary Schools Downes

Middle Schools Shue-Medill

High Schools Newark

School District Christina

Others

Senior Community No

Tax ID 18.024-00.178

Ownership Fee Simple

SqFt Source 1120

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

Virtual Tour https://vt-idx.psre.com/NE20373

Jordan Muirhead

Agent | License ID: 0225206725

+1(703) 615-8732

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Jordan Muirhead

133 MADISON DR Newark, DE 19711

Key Details

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Interior

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Schools

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133 MADISON DR