133 Madison Dr, Newark, DE 19711
Local realty services provided by:CENTURY 21 Alliance
Listed by: michael a maloney
Office: patterson-schwartz-newark
MLS#:DENC2094604
Source:BRIGHTMLS
Price summary
- Price:$200,000
- Price per sq. ft.:$178.57
About this home
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.
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Home facts
- Year built:1952
- Listing ID #:DENC2094604
- Added:1 day(s) ago
- Updated:December 17, 2025 at 05:32 AM
Rooms and interior
- Living area:1,120 sq. ft.
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Forced Air, Oil
Structure and exterior
- Roof:Rubber
- Year built:1952
- Building area:1,120 sq. ft.
- Lot area:0.06 Acres
Schools
- High school:NEWARK
- Middle school:SHUE-MEDILL
- Elementary school:DOWNES
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$200,000
- Price per sq. ft.:$178.57
- Tax amount:$1,920 (2026)
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