1410 Delaware Ave Wilmington, DE 19806
Stabilized 11-unit multifamily property in Wilmington's Trolley Square neighborhood.
Lot size:
0.15 AcresProperty Features for 1410 Delaware Ave
General Information
- Property type
- Commercial
- Standard status
- Contract
- Lot size
- 0.15 Acres
Building Details
- Year built
- 1910
Source:
Elliman
Listing Agent: Buzz Moran
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Monument Square Apartments Investment Opportunity
Monument Square Apartments presents an investment opportunity to acquire a stabilized 11-unit multifamily property in Wilmington’s sought-after Trolley Square neighborhood. The asset consists of two adjoining three-story brick buildings on separate parcels. Each apartment features its own character and separately metered utilities. Over the past five years, the ownership has invested in both cosmetic updates and key system improvements across all units, enhancing tenant appeal and reducing near-term capital needs. The property is well-positioned to provide consistent cash flow with upside through future rent growth in a high-demand submarket. This property can also be acquired with two adjacent buildings totaling 18 additional units plus a buildable lot, offering immediate portfolio expansion in one of Wilmington’s most desirable rental corridors. The property is located at 1410 & 1412 DELAWARE Ave, Wilmington, DE 19806.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Castle
- State
- Delaware
- Longitude
- -75.5603823
- Latitude
- 39.7557274
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FAQs
What type of property is this?
Apartment building - Stabilized 11-unit multifamily property in Wilmington's Trolley Square neighborhood.
Where is this apartment building located?
The property is located at 1410 Delaware Ave Wilmington, DE.
What is the asking price?
The asking price for this property is $2,175,000.
What are key features of this property?
This property features: - Stabilized 11-unit multifamily property in Wilmington's Trolley Square neighborhood.; - Individually metered utilities for each apartment.; - Cosmetic updates and key system improvements completed within the last five years.
