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    804 N West St Wilmington, DE 19801

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    For Sale
    $1,099,999

    Turnkey multifamily property with immediate cash flow in desirable location.

    Property size:
    5,796 SF

    Property Features for 804 N West St

    General Information

    Size
    5,796 SF

    Building Details

    Year built
    1938

    Source: Alec Georigi Agent Alec Georigi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Fully Rented Multifamily Investment Property

    This multifamily property features 9 fully rented units, offering immediate cash flow. Located within 0.4 mile walking distance to Rodney Square and the downtown vicinity, the property is situated in a high-demand rental area. All units have been recently updated. A steam boiler was replaced in 2017. The property size is 5796 square feet.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Law Firm 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
    -75.5518869
    Latitude
    39.7448533

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    FAQs

    What type of property is this?
    Apartment building - Turnkey multifamily property with immediate cash flow in desirable location.
    Where is this apartment building located?
    The property is located at 804 N West St Wilmington, DE.
    What is the asking price?
    The asking price for this property is $1,099,999.
    What are key features of this property?
    This property features: - Immediate cashflow from 9 fully rented units; - Desirable location, 0.4 mile walking distance to Rodney Square and downtown; - Strong Cap Rate/NOI - Attractive return on investment
    (302) 559-7191
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    804 N West St Wilmington, DE 19801
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    Wilmington, DE 19801
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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
    804 N West St Wilmington, DE 19801
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