Apartment Building Near Richardson Park

5 WINSTON Ave, Wilmington, DE 19804

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For Sale

$1,200,000

Apartment building with steady cash flow near public transportation.

Type:Commercial

HighLights

Steady cash flow property with a history of successful management (30+ years).
Eight one‑bedroom apartments with separate utilities.
Off‑street parking for each unit.
Three units recently updated within the last 18 months.
Washer and dryer area for tenant convenience and extra income.
Located next to Richardson Park and accessible via public transportation.

We can help!

Listing Contact

Peter Meyer

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For Sale

$1,200,000

Apartment building with steady cash flow near public transportation.

Type:Commercial

Added:: Apr 24, 2026
Days on Market:: 55
Last Refresh:: Apr 24 at 4:03 pm

Property Features for 5 WINSTON Ave

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1950

We can help!

Listing Contact

Peter Meyer

Listing agent Peter Meyer License #RB-0003304

Listing office meyer & meyer realty

Listing date Apr 24, 2026

Source Elliman

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 meyer & meyer realty

HighLights

Steady cash flow property with a history of successful management (30+ years).
Eight one‑bedroom apartments with separate utilities.
Off‑street parking for each unit.
Three units recently updated within the last 18 months.
Washer and dryer area for tenant convenience and extra income.
Located next to Richardson Park and accessible via public transportation.

Overview

This apartment building is located just outside the city of Wilmington and is accessible via public transportation. The property features eight one-bedroom apartments, each with separate utilities. Off-street parking is available for each unit. A washer and dryer area provides convenience and generates extra income. Three of the units have been updated within the last 18 months. The property is situated next to Richardson Park, just outside the city. The building has been managed by the current owner for over 30 years and represents a steady cash flow opportunity.

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Local Demand

City: Wilmington
County: New Castle
State: Delaware
Longitude: -75.5867617
Latitude: 39.7287796

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For sale
Apartment buildings
DE
Wilmington
19804
5 WINSTON Ave

What type of property is this?

Apartment building - Apartment building with steady cash flow near public transportation.

Where is this apartment building located?

The property is located at 5 WINSTON Ave Wilmington, DE.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Steady cash flow property with a history of successful management (30+ years).; Eight one‑bedroom apartments with separate utilities.; Off‑street parking for each unit.