Date
Details
Price
Change
Source
5/15/2026
Listed
$3,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$3,300,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 118 New London Rd
General
- Price: $3,300,000
- Taxes: $15,758 (2025)
- Status: Active
- Type: Apartment
- Source: BrightMLSPhilly
- MLS ID: DENC2103146
- Updated: 5/15/2026
- Added to Site: 5 day(s) ago
Business
- Business Type: Apartment Building
Interior
- Flooring: Luxury Vinyl Plank, Carpet
Additional Information
- Security/Safety: Sprinkler System - Indoor
Parking
- Total Spaces: 15
- Parking Features: Paved Parking
- Parking Type: Parking Lot
Location
- Area: Newark/Glasgow (30905)
- County: NEW CASTLE
- Cross Streets: Ray
- Driving Directions: Cleveland Avenue to North on New London Road (896).
- Location Details: Urban
- City Limits: Yes
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Stone, Cement Siding
- Basement: Yes
- Foundation: Concrete Perimeter
- Roof: Architectural Shingle, Metal
- Building Size: 9018
- Year Built: 2021
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
- Other Units: Unit 1, Unit 1, Unit 1, Unit 1, Unit 1
Lot Features
- Lot Size (Acres): 0.46
- Lot Size (Sq. Ft.): 20,038
- Lot Size Source: Estimated
- Zoning: 18RM
Financial Considerations
- Price Per Sq. Ft.: $365.93
- Assessment Year: 2025
- School Tax: $14,630
- County Tax: $1,128
- County Tax Freq: Annually
- Tax w/Assessment: $1,727,700
- Tax Amount: $15,758
- Tax Year: 2025
- Owner Pays: Advertising/Licenses and Permits, Common Area Maintenance, Insurance, Lawn/Shrub Care, Miscellaneous, Pest Control, Repairs, Snow Removal, Taxes - Real Estate, Trash Collection
Disclosures and Reports
- Ownership: Fee Simple
- Inclusions: Washer, Dryer and Refrigerator in each unit.
- Investment: Yes
- Lot Number: 123
Listed by RE/MAX Edge, Kyle Mayhew
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 118 New London Rd —
Kyle Mayhew
RE/MAX Edge
Listing Office Email: jessicastiner@remax.net
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 118 New London Rd
School District:Christina School District
| Name | Grades | Distance |
|---|---|---|
Downes (John R.) Elementary School 220 Casho Mill Road, Newark, DE 19711 | PK-5 | 1 mi |
Shue-Medill Middle School 1500 Capitol Trail, Newark, DE 19711 | 6-8 | 3 mi |
Newark High School 750 East Delaware Avenue, Newark, DE 19711 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 118 New London Rd
Tax History
Tax History for 118 New London Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$23,156
142%
$1,727,700
570%
2024
$9,555
100%
$257,900
—
2023
100%
$257,900
—
2022
-100%
$257,900
31%
2021
$6,871
191%
$197,100
182%
2020
$2,363
20%
$69,800
—
2017
$1,964
—
$69,800
—
2016
$1,958
-6%
$69,800
—
2019
$2,072
18%
$69,800
—
2015
$1,755
4%
$69,800
—
2013
$1,685
—
$69,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 118 New London Rd
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- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 4Total Baths
- 2,600Sq. Ft.
- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 1Total Bath
- 1,125Sq. Ft.
- Single Family
- Active
- Updated 11 hours ago
- 4Beds
- 3Total Baths
- 3,825Sq. Ft.
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- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 4Total Baths
- 4,500Sq. Ft.
- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 4Total Baths
- 3,900Sq. Ft.
118 New London Road, Newark, DE 19711 (MLS# DENC2103146) is a Apartment property. 118 New London Road is currently listed for $3,300,000 and was received on May 15, 2026. Want to learn more about 118 New London Road? Do you have questions about finding other Apartment real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.