Six-Unit Apartment with
131 W 18th St Wilmington, DE 19802
131 W 18th St, Wilmington, DE, 19802
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For Sale
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Six-unit apartment building offering value-add potential.
Property Size5,535 SF
Price / SF$153.57
Days on Market121
Property Features for 131 W 18th St
General Information
- Standard status
- Active
- Size
- 5,535 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1940
Listing Agency
Compass Pennsylvania
Listed by
Mark Stape · License #DE RS-0023956
Source
Crexi
Added: Mar 19 Checked: Jul 16 at 9:06 am
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 Compass Pennsylvania
Investment Insights
Based on property information with market context.
This is a six-unit apartment building with value-add potential. The property has a size of 5535 square feet.
Key Highlights
- 6 unit apartment building
- Value add potential
- Built in 1940
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $101.6k | $18.36 |
| − Vacancy | −$6.3k | −$1.14 |
| EGI | $95.3k | $17.22 |
| − OpEx | −$42.9k | −$7.75 |
| NOI | $52.4k | $9.47 |
5,535 SF · lease $18.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$749.0K
$655.3K – $873.8K
NOI $52,427 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,674 @ 7.0% cap · market cap 10.90%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Six-unit apartment building offering value-add potential.
Where is this apartment building located?
The property is located at 131 W 18th St Wilmington, DE.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 6 unit apartment building; Value add potential; Built in 1940
