Delaware Multifamily Buyer
Sell Your Commercial Property In Delaware
Delaware’s small, well-located market benefits from Northeast Corridor access, no state sales tax, and demand spilling over from Philadelphia and Baltimore.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Key Metros
Multifamily Markets In Delaware
Every City We Cover
Browse Delaware By County
Sussex County
We also buy in Georgetown, and communities statewide.
Local Market Data
Delaware Apartment Market
Figures gathered October 2026 from public market data.
To sell commercial property in Delaware, start with the figures buyers price against. Statewide median gross rent was $1,401 a month and rental vacancy 5.0%, per the Census Bureau's 2020-2024 American Community Survey. Renters occupy 27.0% of occupied Delaware homes, and 14.5% of all Delaware housing units sit in buildings with five or more units.
Those averages hide a gap between counties. New Castle County posts a $1,448 median gross rent with 5.0% vacancy, while Kent County sits at $1,354 and 3.7%. Below, Delaware rents, five-year trends, county figures and the state's landlord and tax rules sit side by side, so an owner can see how a buyer will read a building before any offer arrives. All three Delaware counties also finished reassessments between 2021 and 2025, which changed tax bills.
Larger-building stock
Units in Delaware buildings with five or more units rose 12.7% to 67,083 between the 2015-2019 and 2020-2024 ACS periods, per table B25024.Household income gains
Delaware median household income rose 24.4%, from $68,287 to $84,954, between the 2015-2019 and 2020-2024 ACS periods, per Census table B19013.Kent County supply growth
Kent County units in buildings with five or more units grew 24.7% between the two ACS periods, the fastest rate of the two counties profiled.The Delaware rental market at a glance
Delaware had 108,655 renter households in the Census Bureau's 2020-2024 American Community Survey, or 27.0% of 402,038 occupied homes. Owners hold the other 73.0%. A total of 67,083 Delaware housing units, 14.5% of the stock, sit in buildings of five or more units, per ACS table B25024.
Delaware rental vacancy was 5.0% in the 2020-2024 DP04 housing profile. Median household income was $84,954, so the $1,401 median gross rent takes about 19.8% of a typical household's gross income. Renters feel more strain: 49.6% of Delaware renter households paid 30% or more of income on rent, per table B25070.
Five-year trends in Delaware
Delaware median gross rent rose 24.0% between the 2015-2019 and 2020-2024 ACS periods, from $1,130 to $1,401 a month. Median household income grew 24.4% over the same span, from $68,287 to $84,954. Rents and incomes therefore moved almost in step.
Delaware added 4,113 renter households between the two periods, a 3.9% gain. Units in five-plus buildings rose 12.7%, adding 7,541 units statewide. The larger-building stock grew about three times faster than the renter base it serves.
The pattern differs by county. Kent County rents rose 24.9%, yet its renter households fell 3.7%. New Castle County added 5.1% more renter households, and its five-plus stock grew 7.1%, per the same ACS comparison.
Delaware county comparison
Median gross rent in the two Delaware counties profiled here runs from $1,354 in Kent County to $1,448 in New Castle County. Rental vacancy runs from 3.7% in Kent County to 5.0% in New Castle County, per 2020-2024 ACS figures.
| County | Median gross rent | Renter share | Share of units in 5+ buildings | Rental vacancy |
|---|---|---|---|---|
| New Castle County | $1,448 | 31.0% | 18.9% | 5.0% |
| Kent County | $1,354 | 27.5% | 11.4% | 3.7% |
New Castle County holds the larger rental base, with 31.0% renter share and 18.9% of units in five-plus buildings. Kent County has 11.4% of units in larger buildings, so a multifamily property there competes with a thinner supply. Sussex County is not tabulated here.
Delaware landlord, tax and transfer rules
Delaware caps a security deposit at one month's rent on leases of one year or more under 25 Del. C. Section 5514. The landlord must return the deposit, or send an itemized damage list, within 20 days after the lease ends. Late return exposes the owner to double damages.
Section 5501(d) limits a late charge to 5% of monthly rent and bars it within five days of the due date. A buyer reviewing the rent roll will check that leases follow both limits and that deposits sit in a Delaware escrow account.
Delaware's realty transfer tax is 3% of value, or 2.5% where the county or municipality has enacted the full 1.5% local tax, under 30 Del. C. Section 5402. Grantor and grantee split it equally. On a $5,000,000 sale at 2.5%, each side owes $62,500.
Property tax is set county by county. All three Delaware counties finished reassessments between 2021 and 2025, per the Delaware House Democratic Caucus. New Castle County set 2025 rates of 15.75 cents per $100 residential and 23.80 cents non-residential. A 2023 law calls for reassessment every five years.
What this means if you sell in Delaware
Owners who sell commercial property in Delaware are priced on rent rolls, vacancy and the next tax bill. A New Castle County building at 5.0% vacancy reads differently to a buyer than a Kent County one at 3.7%, where renter households fell 3.7%.
Taxes deserve the closest look. New Castle County's non-residential rate is higher than its residential rate, and the county was reviewing non-residential parcels for valuation errors, with corrections due by October 16, 2026. We underwrite Delaware buildings on current assessed values.
We review Delaware buildings of five or more units in New Castle County, Kent County and across Delaware. Send the rent roll and the latest Delaware tax statement, and we will set the property against these county figures. Selling commercial property in Delaware also means budgeting the transfer tax before closing.
Local Knowledge
Selling Multifamily In Delaware
Every state has its own tax, legal, and market dynamics. A few things we factor into every Delaware offer:
- Delaware caps security deposits at one month's rent and requires return within 20 days under 25 Del. C. Section 5514.
- Transfer tax is 3% of value, or 2.5% with the full local 1.5%, split equally between buyer and seller.
- All three counties reassessed between 2021 and 2025; New Castle County's non-residential rate is 23.80 cents per $100.
- Statewide rental vacancy was 5.0% in 2020-2024, from 3.7% in Kent County to 5.0% in New Castle County.
Seller Guides
Your Situation, Handled — Delaware
From The Blog
Delaware Market Insights
Our Buy Box
What We Buy In Delaware
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
How Selling To Us Works
- 01
Submit The Deal
Send the address, unit count, asking price, and a rent roll or T-12 if you have them.
- 02
Initial Review
We review it against our buy box and give clear feedback — typically within 48 hours.
- 03
Underwriting & LOI
If it fits, we underwrite in detail and submit a written letter of intent.
- 04
Diligence & Close
Inspections and financing on the agreed timeline, then a professional, predictable closing.
Delaware Seller FAQ
What should I check before I sell commercial property in Delaware?
Start with rents and vacancy, since buyers do. Delaware median gross rent was $1,401 a month and rental vacancy 5.0% in the Census Bureau's 2020-2024 ACS. Then check the post-reassessment tax bill, because all three Delaware counties completed reassessments between 2021 and 2025.
How much is the Delaware transfer tax on an apartment building sale?
Under 30 Del. C. Section 5402, the realty transfer tax is 3% of value, or 2.5% where the county or municipality has enacted the full 1.5% local tax. Grantor and grantee split it equally, so each side owes 1.25% in the 2.5% case.
How fast must a Delaware landlord return a security deposit?
Within 20 days after the lease ends, the landlord must return the deposit or send an itemized damage list under 25 Del. C. Section 5514. Missing that deadline entitles the tenant to double the amount wrongfully withheld. A clean deposit ledger lets a buyer confirm the liability.
How did reassessment change Delaware property taxes?
All three Delaware counties reassessed between 2021 and 2025, New Castle County's first since 1987, per the Delaware House Democratic Caucus. New Castle County set 2025 rates of 15.75 cents per $100 residential and 23.80 cents non-residential, and a 2023 law sets reassessment every five years.
How do I sell commercial property in Delaware?
Send us the address, unit count, and a rent roll if you have one. We review Delaware apartment buildings of 5+ units against our buy box and give clear feedback, typically within 48 hours.
Do you buy apartment buildings everywhere in Delaware?
Yes. We evaluate multifamily properties statewide, including Wilmington, Dover, Newark, Middletown, Smyrna, Milford, smaller cities, and suburban markets. Every property is reviewed on its own fundamentals.
What types of Delaware multifamily properties do you buy?
Apartment buildings and income-producing residential properties with 5 or more units — stabilized, value-add, mismanaged, or distressed. Our sweet spot is 15–25 units, and we review larger communities with capital partners.
Is it possible to sell rental property in Delaware without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
What do I need to sell my apartment building in Delaware?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
Do I need to make repairs before selling?
No. We underwrite properties as they are today, including deferred maintenance and vacancy.
From The Blog
Delaware Market Insights
Submit A Deal
Have A Property In Delaware?
Tell us about it. Owners, agents, brokers, and deal finders are all welcome — conversations are confidential.
