9,018 sqft

$2,995,000

118 NEW LONDON ROAD, NEWARK DE, 19711

Price per sqft$332.11

Built in2021

Property size9,018 sqft

Property typeCommercial

Overview

Under contract

Active Under Contract-bright

Listed Aug 27, 2026

Updated 2 weeks ago

118 New London Road offers a rarely available 5-unit student housing investment opportunity. Originally three separate detached 4-bedroom homes this property was rezoned and reimagined in 2021. The original three homes were renovated, and two additional 5-bedroom homes built in between to turn this into one property consisting of five row homes with high density garden apartment zoning. The property’s location is strategically located between UD’s main campus and the north campus. This location and the quality of construction have resulted in 100% occupancy since its inception with favorable annual rent increases. The current owners designed these units for today’s college students with trends towards individual bedrooms and multiple baths. Surrounded by other comparable student housing complexes adds to the demand for this area and type of unit. The University has shown strong student body demographics and continues to add many exciting capital projects and campus growth with the addition of the STAR campus and other buildings throughout its campus.

Additional information

MLS^® ID: DENC2103146

Interior Features

Cooling: Yes
Heating: Yes
Basement: Yes

Exterior Features

Lot Size: 0.46 Acres

Other Property Details

Taxes: $15,758
Tax Frequency: Annually

Listed by RE/MAX Edge
Listing Contact: 3027504555

The IDX display contains information sourced from the Bright MLS, Inc. as of 8/27/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 8/27/2026 at 1:53 PM UTC

Keller Williams