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    225 W 7Th St Wilmington, DE 19801

    For Sale
    $729,000

    Newly renovated 6-unit building with cashflow potential in Wilmington.

    Lot size:
    0.03 Acres

    Property Features for 225 W 7Th St

    General Information

    Lot size
    0.03 Acres

    Building Details

    Year built
    1899

    Source: EXP Realty, LLC Agent Jeffrey Brian Downey Jr.

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

    Overview

    Renovated Multifamily Building in Wilmington

    This is a newly renovated six-unit multifamily building with potential for cash flow. The building is vacant, allowing the new owner to select tenants. The unit mix includes three one-bedroom, one-bath units and three open floor plan studios. The units range in size from approximately 550 to 650 square feet and feature washer and dryer hookups and updated finishes. A fire alarm system installation is required for the Certificate of Occupancy. Plans for the fire alarm system have been submitted to the city of Wilmington, and the installation, along with the Certificate of Occupancy, will be completed upon the sale of the property.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -75.5518511
    Latitude
    39.7436757

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    FAQs

    What type of property is this?
    Apartment building - Newly renovated 6-unit building with cashflow potential in Wilmington.
    Where is this apartment building located?
    The property is located at 225 W 7Th St Wilmington, DE.
    What is the asking price?
    The asking price for this property is $729,000.
    What are key features of this property?
    This property features: - Newly renovated top-to-bottom.; - Excellent cashflow potential.; - Vacant building allows owner to select tenants.
    (302) 250-2015
    Request Owner's contact information
    225 W 7Th 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
    225 W 7Th St Wilmington, DE 19801
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