$200,000

133 MADISON DR, Newark, DE 19711

  • 1,120 sqft
  • Property Icon Town Home
  • Property Year Built Icon Built in 1952
  • Property Lot Size Icon2,614sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $179/sqft
  • Property List Date Icon Listed 1 month ago

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.

Listing Status:
Pending
Data Last Updated:
February 6, 2026 at 7:16AM
Listing Office:
Patterson-Schwartz-Newark : 3027337000
Listing Agent:
Michael A Maloney : 3027337000
MLS ID:
DENC2094604
  • Basement: Partially finished
  • A/C: Window Unit(s)
  • Heating: Forced AirOil
  • Disability Feature: None
  • General: Above GradeBelow Grade
  • Style: Colonial
  • Parking: Paved Parking
  • Roofing: Rubber
  • General: Brick3Block
  • Originating MLS: BRIGHT_MAIN
  • School District: CHRISTINA
  • County: NEW CASTLE-DE
  • Zoning: 18RR18.024-00.178
  • Fencing: Fully
  • Water: Public
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN
  • Exclusions: As-Is

Presented by Veterans United Realty

This listing courtesy of Michael A Maloney , Patterson-Schwartz-Newark

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

D

Downes (John R.) Elementary School

220 Casho Mill Rd, Newark, DE, 19711

Grades KG-5

0.63 miles away

G

Gauger-Cobbs Middle School

50 Gender Rd, Newark, DE, 19713

Grades 6-8

2.96 miles away

N

Newark High School

750 E Delaware Ave, Newark, DE, 19711

Grades 9-12

1.57 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.