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133 Madison Dr, 
Newark, DE 19711

$200,000


Bed


Bath


1,120

Sq Ft


Townhouse


Virtual Tour

Active

Listed by

Michael A Maloney

Patterson-Schwartz-Newark

Last updated:

December 18, 2025, 06:33 AM

MLS#

DENC2094604

Source:

BRIGHTMLS

About This Home

133 Madison Dr

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.

Home Facts

Townhouse

Built in 1952

Price Summary

200,000

$178 per Sq. Ft.

MLS #:

DENC2094604

Last Updated:

December 18, 2025, 06:33 AM

Added:

3 day(s) ago


Rooms & Interior

Interior

Living Area:

1,120 Sq. Ft.


Structure

Structure

Architectural Style:

Colonial

Building Area:

1,120 Sq. Ft.

Year Built:

1952


Lot

Lot Size (Sq. Ft):

2,613


Finances & Disclosures

Finances

Price:

$200,000

Price per Sq. Ft:

$178 per Sq. Ft.

Source:BRIGHTMLS
The information being provided by Bright Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 Bright Mls All rights reserved.

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