Deemer's Landing & The Helm 2 Multifamily Properties in New Castle, DE

2 Parcels, 1 Community, 220 Apartment Units, 147 Storage Units, 1 Cell Tower, Concrete & Steel Construction. 2006 & 2011 Vintage. 10% Upside.
On behalf of Ownership, CBRE, Inc. is pleased to present qualified investors the opportunity to acquire The Helm & Deemer’s Landing (the “Property”), a 220-unit apartment portfolio located in the historic waterfront city of New Castle, Delaware.
Developed by the current Owner and held in the same hands since completion in 2006 and 2011, the Property consists of two separately constructed, institutional quality apartment buildings situated directly across the street from one another. While legally distinct, they have always operated as a single, unified residential community and will be sold together as one offering.
In addition to the 220 residential units, the portfolio includes two on-site storage facilities with a combined total of 147 units, 113 of which are leasable to non-residents, as well as an income-producing cell tower that offers additional ancillary revenue.
Built to a high construction standard, Deemer’s Landing features steel framing, concrete slabs, and a full brick exterior, while The Helm was constructed with poured concrete over metal joist floors, concrete block demising walls between units, and non-combustible materials throughout—qualities rarely found in suburban multifamily offerings.
The Properties enjoy a prime location in Old New Castle, a picturesque historic district along the Delaware River. Residents benefit from walkable access to Battery Park, nearby riverfront trails, and New Castle’s quaint downtown, as well as proximity to I-295, I-95, Route 13, and Route 141, offering seamless access to major employment centers throughout Northern Delaware and the greater Philadelphia region.
Having been owner-managed for nearly two decades, the Property is now primed for enhanced operational efficiency and rent growth under institutional ownership. In-place rents trail market comparables, with 5% organic upside already proven and an additional 10% value-add upside achievable through light interior upgrades and refreshed common area spaces.
This is a rare chance to acquire a stabilized, well-located, and construction superior multifamily community with meaningful upside potential in one of Delaware’s most historic and accessible submarkets.