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Back 133 Madison Dr
Off Market

133 Madison Dr

Newark DE 19711

2
1120 sq. ft.
2614 sq. ft.
Townhouse
Last sold for $187,500
Mike MaloneyMike Maloney, last sold this property on 13 February 2026 after 58 days on market.

Overview

End-unit townhome located minutes from the University of Delaware, an area with consistently strong rental demand. This 3-bedroom property features a main level with an eat-in kitchen with island and a living room, along with a full bath on the upper level and a finished lower level with an additional full bath, kitchenette, living space, and separate storage room, offering flexibility that supports a variety of rental strategies and tenant profiles. The property has been personally managed and overseen since 2014, with routine maintenance and notable repairs completed over time consistent with long-term rental use. Improvements addressed typical plumbing items, interior repairs related to normal wear, roof and skylight-related work, regular servicing of the oil-fired heating system, and electrical updates including dedicated circuits for window air-conditioning units. Detailed maintenance records are available, offering transparency that supports underwriting and long-term ownership planning. Its end-unit configuration, proximity to UD, Main Street Newark, transit, and employment centers contribute to stable tenant demand, strong rentability, and the potential for improved net operating income through targeted updates. This property presents an attractive opportunity for investors seeking a well-located value-add asset with documented operating history and upside through operational efficiencies.

Features

2 carspaces
1120 sq. ft. floor area
2614 sq. ft. lot size
Townhouse

Estimated Value

Based on this property and similar townhouses sold in Newark over the last 12 months, the estimated median property value of 133 Madison Dr is $365k.

Median value
$365k
Estimated value range
$1.9k - $896.31k
Median days on market
6
Estimated value trend
12%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Newark. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 133 Madison Dr

2026
Sold
$187,500
13 Feb 2026 by Mike Maloney, of Patterson-Schwartz Real Estate | Newark Office
2024
Rented
Undisclosed
22 May 2024 by Keller Williams Realty Wilmington
2024
Rented
Undisclosed
Leased on 22 May 2024

Happy sellers in Newark

90%
90% of sellers in Newark reported that their sale price either exceeded or met their price expectations.

Newark stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 14 reviews in Newark over the last 12 months.

Local market activity for townhouses in Newark

In the last 12 months, 66 townhouses similar to 133 Madison Dr, have been sold.

This represents a 19% increase in townhouses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Newark

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S Walton Simpson

Sellers who recommend S Walton Simpson have praised them for being local expert, responsive, clear communication, patient, great negotiation, strategic, and supportive

  •   5   (38 reviews)
  •  1 Review in Newark
  •  3 Sales in Newark
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Shana Delcollo

Sellers who recommend Shana Delcollo have praised them for being local expert, clear communication, responsive, stress-free process, detail-oriented, great team, and supportive

  •   5   (31 reviews)
  •  1 Review in Newark
  •  3 Sales in Newark
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Jim Barone

Sellers who recommend Jim Barone have praised them for being local expert, reliable, clear communication, responsive, supportive, friendly, and empathetic

  •   5   (44 reviews)
  •  1 Review in Newark
  •  2 Sales in Newark
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Chris Cohan

Chris Cohan is a recommended agent for Newark.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (18 reviews)
  •  1 Review in Newark
  •  1 Sale in Newark
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