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    1800 Philadelphia Pike Wilmington, DE 19809

    Sponsored
    For Sale
    $779,900

    Six-unit apartment building with strong tenant history.

    Property size:
    6,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional six-unit multi-family property, located at 1800 Philadelphia Pike Unit 6 in Wilmington, Delaware, presents a compelling investment opportunity. Situated on a 0.29-acre lot, this building boasts a substantial 6,000 square feet of living space. Each of the six units has undergone updates over time, ensuring a desirable living environment for tenants. The property benefits from a history of long-term tenants, providing consistent rental income. To further enhance convenience, off-street parking is available for residents. The building's solid stone foundation contributes to its durability and longevity. A significant advantage is that tenants are responsible for their own heat and electricity, minimizing the owner's operational expenses. The owner covers water, sewer, and trash services. Coin-operated laundry facilities are conveniently located on-site. This property offers a stable and attractive addition to any real estate investment portfolio, promising a strong return on investment. The property is located in New Castle County. Interested parties should allow a minimum of 48 hours' notice for scheduling a viewing.

    Property Features for 1800 Philadelphia Pike

    General Information

    Property type
    Residential income properties
    Square Feet
    6,000 SF
    Lot Size
    12,632 SF

    Building Details

    Year Built
    1953
    Location Intelligence

    Current Use by Public Records

    Aguilera Tax Preparation Tax Preparation Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Castle
    State
    Delaware
    Longitude
    -75.47536
    Latitude
    39.78698

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    FAQs

    What type of property is this?
    Residential income property - Six-unit apartment building with strong tenant history.
    Where is this residential income property located?
    The property is located at 1800 Philadelphia Pike Wilmington, DE.
    What is the asking price?
    The asking price for this property is $779,900.
    (302) 994-9600
    Request Owner's contact information
    1800 Philadelphia Pike Wilmington, DE 19809
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    Wilmington, DE 19809
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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
    1800 Philadelphia Pike Wilmington, DE 19809
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