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    1401 N Broom St Wilmington, DE 19806

    Pending
    For Sale
    $1,100,000

    Commercial/Industrial - WILMINGTON, DE

    Lot size:
    0.18 Acres
    Days on Market:
    22
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 1401 N Broom St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Parking features
    On Street
    Lot size
    0.18 Acres

    Utilities

    Heating system
    Hot Water (Heating)
    Cooling system
    Central Air, Multi Units, Window Unit(s)

    Building Details

    Year built
    1877
    Building materials
    Brick
    Architectural style
    Other

    Long & Foster Real Estate (888) 536-0216

    Listing agent Buzz Moran (888) 536-0216

    Listing date Nov 14, 2025

    MLS# DENC2093086 Listing URL

    Copyright © 2025 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wilmington Multifamily Investment Opportunity

    Monument Square Apartments presents an investment opportunity to acquire a stabilized 10-unit multifamily property in Wilmington's Trolley Square neighborhood. The asset consists of two adjoining three-story brick buildings on separate parcels. Each apartment features its own character and separately metered utilities. Over the past five years, the ownership has invested in cosmetic updates and key system improvements across all units, enhancing tenant appeal and reducing near-term capital needs. The property is well-positioned to provide consistent cash flow with upside through future rent growth in a high-demand submarket. The property is located in WILMINGTON, DE 19806. The lot size is 0.18 acres. For scale-minded investors, this property can also be acquired with two adjacent buildings totaling 19 additional units plus a buildable lot, offering immediate portfolio expansion in one of Wilmington's most desirable rental corridors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.56013489
    Latitude
    39.75526047

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    FAQs

    What type of property is this?
    Apartment building - Stabilized 10-unit multifamily property in Wilmington's Trolley Square.
    Where is this apartment building located?
    The property is located at 1401 N Broom St Wilmington, DE.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Stabilized 10-unit multifamily property in Wilmington's sought-after Trolley Square neighborhood.; - Separately metered utilities for each apartment.; - Cosmetic updates and key system improvements completed across all units in the past five years.
    (888) 536-0216
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    Wilmington, DE 19806
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1401 N Broom St Wilmington, DE 19806
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