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University of Delaware Student Rentals 8 Multifamily Properties Offered at $7,289,082 CAD in Newark, DE
Executive Summary
Zommick McMahon Commercial Real Estate is pleased to present this exclusive offering of eight (8) single-family student rental residences located in Newark, Delaware, in close proximity to the University of Delaware campus. This portfolio represents a rare opportunity to acquire a turnkey, income-producing student housing portfolio in one of the Mid-Atlantic region’s most stable university markets. The properties are being offered as a single portfolio. All properties are currently occupied with zero vacancy, generating strong in-place cash flow at a 5.0% capitalization rate.
Taxes & Operating Expenses (Actual - 2025) |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$487,642
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$487,642
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$123,188
|
| Net Operating Income |
$364,454
|
Taxes & Operating Expenses (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $487,642 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $487,642 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $123,188 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $364,454 |
Property Facts
| Price | $7,289,082 CAD | Status | Active |
| Price / SF | $635.38 CAD / SF | Number of Properties | 8 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 5% | Total Building Size | 11,472 SF |
| Sale Type | Investment | Total Land Area | 1.94 AC |
| Price | $7,289,082 CAD |
| Price / SF | $635.38 CAD / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 5% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 8 |
| Individually For Sale | 0 |
| Total Building Size | 11,472 SF |
| Total Land Area | 1.94 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 236 W Main St, Newark, DE 19711 | Multifamily | 3,675 SF | 1939 | - |
| 68 Ray St, Newark, DE 19711 | Multifamily | 1,346 SF | 1963 | - |
| 5 Terry Ln, Newark, DE 19711 | Multifamily | 1,176 SF | 1955 | - |
| 64 Kennard Dr, Newark, DE 19711 | Multifamily | 1,175 SF | 1955 | - |
| 67 Kennard Dr, Newark, DE 19711 | Multifamily | 1,175 SF | 1955 | - |
| 240 W Main St, Newark, DE 19711 | Multifamily | 1,125 SF | 1900 | - |
| 61 Kennard Dr, Newark, DE 19711 | Multifamily | 900 SF | 1955 | - |
| 69 Kennard Dr, Newark, DE 19711 | Multifamily | 900 SF | 1955 | - |
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University of Delaware Student Rentals
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