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    403 W 6Th St Wilmington, DE 19801

    For Sale
    $500,000

    Four-unit building with month-to-month leases in Wilmington, Delaware.

    Lot size:
    0.04 Acres

    Property Features for 403 W 6Th St

    General Information

    Lot size
    0.04 Acres

    Building Details

    Year built
    1870

    Source: ELM Properties Agent Evan Ward

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

    Overview

    Wilmington Multifamily Property For Sale

    This four-unit multifamily property is located on a quiet block. Three of the four units are currently occupied. The unit mix includes an efficiency apartment renting for $895, a one-bedroom apartment renting for $895, and a two-bedroom apartment renting for $1200. The vacant unit is currently being shown for $995. Tenants are responsible for their own heat and electric utilities. All units are under month-to-month leases.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Realty agency Spa & Massage Law Firm Dental Office Hair Salon Nail Salon Clothing Store Food Market 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
    -75.553717
    Latitude
    39.7435429

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    FAQs

    What type of property is this?
    Quadplex - Four-unit building with month-to-month leases in Wilmington, Delaware.
    Where is this quadplex located?
    The property is located at 403 W 6Th St Wilmington, DE.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: - Four-unit building offers immediate rental income potential.; - Tenants are responsible for their own heat and electric, reducing owner expenses.; - **One unit is currently vacant and available for immediate showing.**
    (302) 463-8143
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    403 W 6Th 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
    403 W 6Th St Wilmington, DE 19801
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