Features & Amenities

Interior

  • Total Bedrooms

    8

  • Bathrooms

    N/A

  • Above Grade Finished Area

    3875.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Window Unit(s), Electric

  • Fireplace YN

    YES

  • Heating YN

    YES

  • Heating

    Natural Gas, Radiant

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    2

  • Construction Materials

    Brick

  • Parking

    On Street, Garage, Driveway, Basement, Inside Entrance, Attached

  • Patio and Porch Features

    Patio

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Features

    Corner Lot

  • Lot Size(acres)

    0.11

  • Lot Size(square feet)

    4,792

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

  • Architectural Style

    Traditional

Price

  • Sales Price

    $625,000

  • Tax Amount

    $7,051

  • Sq. Footage

    3,875

  • Price/SqFt

    $161

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Stone

  • Sewer

    Public Sewer

  • Tax Lot

    003

  • Water Source

    Public

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NEW CASTLE

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Listing Courtesy of Rose M Bloom, Long & Foster Real Estate, Inc.

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Income-Producing Triplex in Convenient Wilmington Location - 
Welcome to this spacious 3875-square-foot triplex, conveniently located in the City of Wilmington, Delaware, near Salesianum School. This versatile property features three separate rented apartments, making it an excellent opportunity for an investor seeking an established income-producing property.  The property offers two generously sized apartments, each featuring three bedrooms and one full bathroom, along with a full kitchen with butler pantry, dining room, and living room and wood burning fireplace. The third apartment offers two bedrooms and one full bathroom, plus a studio style kitchenette and comfortable family room.  Spacious 2 car garage with storage area and laundry location. With three separate living units under one roof, this property provides multiple income streams and the potential for long-term investment value. Its central Wilmington location offers convenient access to schools, transportation, employment centers, and major roadways.  Great opportunities like this don’t come around often.  Whether you are a seasoned investor looking to expand your portfolio, or a buyer looking to live in one unit and rent the others to offset your mortgage, this detached 3-unit property you don’t want to miss! All showings through listing agent. Proof of funds and 48 hour notice required prior to showing.

2401 N BROOM STREET

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Excellent opportunity to acquire a well-maintained 6-unit multifamily property in Wilmington. The building consists of five one-bedroom apartments and one studio apartment, with the units overall in solid condition. All six units are currently occupied by paying tenants, providing an established income stream from day one. This is a straightforward addition to an investor’s portfolio. With a desirable unit mix, existing tenancy, and solid overall condition, 409 W 8th Street offers investors the opportunity to acquire a stabilized multifamily asset with continued income potential. Conveniently located near downtown Wilmington, major employment centers, public transportation, shopping, dining, and area amenities. Property sq. ft. and taxes are estimated based on New Castle County records. Buyer to perform due diligence.
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Welcome to 1600 Philadelphia Pike, an expansive, multi-faceted property offering over 4,000 sq ft of flexible living, work, and income-generating possibilities. Situated on a prominent corner lot in Wilmington’s Holly Oak corridor, this unique gem delivers classic architectural charm paired with modern functional spaces while generating substantial cash flow. Inquire within for full detailed financial breakdown, current total monthly rent for the three units is $8,500.00.  
 
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Expansive Layout: 5 generous bedrooms, two full bathrooms and bright, airy living spaces featuring warm hardwood and laminate flooring throughout. One year lease in place.  
 
Upgraded Kitchen: Built for functionality with substantial cabinetry, butcher-block counters, stainless steel appliances, and ample workspace. 
 
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Outdoor Grounds & Parking 
 
Spacious Fully-Fenced Lot: Private backyard retreat complete with a designated fire pit lounge area, mature trees, and storage outbuildings. 
 
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**INVESTORS & FUTURE OWNER-OCCUPANTS—IMMEDIATE RENTAL INCOME WITH ADDITIONAL UPSIDE!** This detached Wilmington triplex offers a compelling combination of established income, substantial capital improvements, and future equity-building potential. Currently generating $4,300/month in reported rental income, the property offers the potential for positive cash flow even at the asking price under illustrative financing and expense assumptions. The building has undergone extensive improvements, including roof and siding upgrades, an attractive stone façade, added gutters, refreshed landscaping, and new mini-split supplemental heat and air. The second- and third-floor apartments are completely renovated and fully furnished, each featuring a new private deck. All three levels offer mini-split air conditioning and supplemental heating alongside natural gas radiator heat. The spacious first-floor residence features a private covered front porch and an opportunity for cosmetic improvements to further enhance value. **OWNER-OCCUPANT OPPORTUNITY:** Consider making the first floor your home while rental income from the upper levels helps offset housing expenses as you build equity in the entire property! The first-floor apartment is tenant-occupied under a lease ending March 2027; future occupancy is subject to existing lease terms, tenant rights, and lawful possession. Rental income and financial projections are subject to buyer verification. **A versatile income-producing property with major improvements already completed and additional opportunities to build long-term wealth!**
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New on site 3 days ago
RARE MIXED-USE INVESTMENT OPPORTUNITY | COMMERCIAL STOREFRONT + TWO RESIDENTIAL UNITS | DOWNTOWN WILMINGTON

Discover an exceptional mixed-use commercial and multifamily investment opportunity at 1035 N Lombard Street in Wilmington, Delaware. This versatile property features a ground-floor commercial storefront currently utilized as a liquor store, along with two residential apartments, creating three distinct spaces with multiple potential rental income streams.

THREE DISTINCT SPACES | COMMERCIAL & RESIDENTIAL INCOME POTENTIAL

The property consists of a street-level commercial retail space and two residential units: a spacious 3-bedroom, 1-bathroom apartment and a separate 1-bedroom, 1-bathroom apartment. This combination presents an attractive opportunity for real estate investors seeking diversified rental income from commercial and residential tenants. The property also offers potential for an owner-occupant to reside in one apartment while leasing the remaining spaces, subject to existing occupancy arrangements and applicable requirements.

STRATEGIC COMMERCIAL LOCATION | ACCESS TO MAJOR TRAFFIC CORRIDORS

Situated near N Lombard Street and E 11th Street, the property is conveniently positioned within Wilmington's established urban commercial and residential market. Nearby N Walnut Street recorded approximately 16,000–25,000 vehicles per day along its corridor in a 2019 traffic study, demonstrating substantial traffic activity in the surrounding area. This figure represents the nearby corridor, not the subject property's direct street frontage.

The location provides convenient access to Downtown Wilmington's restaurants, bars, retail establishments, entertainment destinations, government buildings, and major employment centers.

DENSE POPULATION | GROWING CONSUMER & RENTAL MARKET

Published 2025 trade-area estimates identify approximately 30,699 residents within 1 mile and 198,098 residents within 5 miles, representing a substantial surrounding population base. The area includes approximately 12,659 households within 1 mile and 81,005 households within 5 miles, supporting the potential demand for neighborhood-serving commercial space and residential rental housing.

Population projections indicate continued growth through 2030, further strengthening the property's long-term investment appeal.

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Wilmington serves as a regional employment hub for financial services, healthcare, legal services, government, and professional businesses. The property offers access to major employment destinations, including ChristianaCare facilities, Downtown Wilmington corporate offices, and the Wilmington Riverfront.

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