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    1608 N Broom St Wilmington, DE 19806

    For Sale
    $1,295,000

    Commercial/Industrial - WILMINGTON, DE

    Lot size:
    0.12 Acres
    Days on Market:
    23
    Last Refresh:
    Dec 6 at 3:06 am

    Property Features for 1608 N Broom St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Parking features
    On Street
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Radiant
    Cooling system
    Ductless

    Building Details

    Year built
    1910
    Flooring type
    Hardwood
    Building materials
    Brick
    Roof type
    Shingle, Slate
    Architectural style
    Other

    Long & Foster Real Estate (888) 536-0216

    Listing agent Buzz Moran (888) 536-0216

    Listing date Nov 14, 2025

    MLS# DENC2093210 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

    Located in Wilmington's Trolley Square neighborhood, this six-unit multifamily property presents an investment opportunity. The property features five renovated one-bedroom units with modern finishes, updated appliances, and contemporary design. Mechanical improvements have been made throughout the building. The layout includes three front-facing units with street views and three rear-facing units for added privacy. A shared laundry facility in the basement is equipped with two washers and two dryers. The lot size is 0.12 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store 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
    -75.5579834
    Latitude
    39.75609589

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    FAQs

    What type of property is this?
    Apartment building - Six-unit multifamily property in Wilmington's Trolley Square neighborhood.
    Where is this apartment building located?
    The property is located at 1608 N Broom St Wilmington, DE.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: - Prime location in Wilmington's desirable Trolley Square neighborhood; - Six-unit multifamily property providing a strong cash flow potential; - Five of the six units are **fully renovated with modern finishes and updated appliances**
    (888) 536-0216
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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
    1608 N Broom St Wilmington, DE 19806
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