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Three-Unit Multiplex with Separate Utilities
For Sale
Contact for pricing
Pending

1201 N Heald St, Wilmington, DE 19802

Three-unit multiplex with efficiency, 1-bed, and 2-story 2-bed layouts, with separately metered gas and electric.

Property SizeContact for details
Days on Market149

Property Features for 1201 N Heald St

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 3

Building Details

Tenancy Multi
Listing Agency: EXP Realty, LLC
Listed By: Dave Mays · License #DE RS-0023219
Source: Crexi
Added: Apr 12 Changed: Aug 14 Last Checked: Sep 7 at 10:19AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty, LLC

Investment Insights

Based on property information with market context.

Rarely available three-unit multiplex offered for sale with cash offers only and sold in as-is condition. The building is described as in good repair and well maintained, and is currently permitted for commercial rental. Unit 1 is an efficiency/storefront with a kitchenette and a full bathroom. Unit 2 offers 1 bedroom and 1 bathroom, with a sizable family room and kitchen. Unit 3 is a two-story 2-bedroom apartment with a family room, a large kitchen, and 1 bathroom, with basement/crawlspace access.

Gas and electric are separately metered for the units. The water bill is paid by the current landlord.

The property is positioned for easy access to downtown Wilmington and major highways, according to the provided remarks.

Key Highlights

  • 3‑unit multiplex with Unit 1 efficiency/storefront, Unit 2 1BD/1BA, and Unit 3 2‑story 2BD apartment
  • Unit layouts include a kitchenette for Unit 1, sizable family room and kitchen in Unit 2, and family room plus large kitchen in Unit 3
  • Unit 3 includes basement/crawlspace access

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Building Supply Dental Office Auto Parts Store Storage Facility Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

2,393
Businesses Nearby

Demographics for 19802, DE

26,189
Population
11,596
Households
2.3
Avg Household Size
38
Median Age
28%
College-Educated
89%
High-School Grad
3.5 sq mi
ZIP Area
7,483
Density / Sq Mi
$54,370
Median Household Income
$39,579
Median Earnings
$1,236
Median Rent
$188,400
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit multiplex with efficiency, 1-bed, and 2-story 2-bed layouts, with separately metered gas and electric.
Where is this triplex located?
The property is located at 1201 N Heald St Wilmington, DE.
What are key features of this property?
This property features: 3‑unit multiplex with Unit 1 efficiency/storefront, Unit 2 1BD/1BA, and Unit 3 2‑story 2BD apartment; Unit layouts include a kitchenette for Unit 1, sizable family room and kitchen in Unit 2, and family room plus large kitchen in Unit 3; Unit 3 includes basement/crawlspace access
More about this property
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