15
Map
$339,900
●
House -
For Sale
8 CONNELL CIRCLE
NEWARK, DE 19711
4 Beds
2 Baths
1,450 Ft²
$1,978
Est. Monthly
About This Property
Welcome to this Cape Cod style 4-bedroom, 2-full-bath home
conveniently located near the University of Delaware. The home
features two large bedrooms upstairs with a convenient
Jack-and-Jill full bathroom. The main level provides two additional
bedrooms and living space with lots of natural light. The large
basement offers excellent storage, recreation, hobby, or
additional-use potential. A garage adds even more convenience and
storage. Location is a major highlight! The home is located with
easy access to shopping, dining, a University of Delaware shuttle
stop, and major roadways including 896, and I-95. For investors,
this property has been an excellent rental property! The property
has a legacy rental permit allowing 4 unrelated individuals. This
grandfathered "non-conforming use" status holds a significant
premium value for real estate investors in the city of Newark,
providing the ultimate flexibility for an investor or owner looking
to maximize the property's rental potential.
Unit Size
1,450 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$234
Property Type
House
Property Taxes
$309
HOA Dues
-
Year Built
1956
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago (Bright MLS #DENC2109082)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 11, 2026 | Listed by HomeZu by Simple Choice | $339,900 | |
| Listed by HomeZu by Simple Choice | |||
Property Highlights
Air Conditioning
Parking Details
Has Garage
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Flooring Type: Laminate
Basement: Full
Exterior Details
Square Footage: 1450
Square Footage Source: $0
Property Condition: Average
Architectural Style: Cape Cod
Year Built Source: Assessor
Year Built: 1956
Levels: 2
Other Structures: Above Grade, Below Grade
Construction Materials: Vinyl Siding
Lot Size Area: 10890
Lot Size Units: Square Feet
Lot Size Acres: 0.25
Lot Size Square Feet: 10890
Lot Size Dimensions: 41.20 x 197.80
Tax Lot: 247
Water Source: Public
Financial Details
Tax Assessed Value: $328,100
Tax Annual Amount: $3,703
Utilities Details
Cooling Type: Window Unit(s)
Heating Type: Radiator
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Westfield
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Listed by: Christopher J Carr
HomeZu by Simple Choice
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# DENC2109082
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
HomeZu by Simple Choice
Last Updated: 11 hours ago
Data Source: Bright MLS , MLS# DENC2109082
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