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8-Unit Multifamily Building
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227 North Lincoln Street, Wilmington, DE 19805

Renovated urban apartment property with on-site surface parking and access to public transportation.

Property Size9,465 SF
Lot Size0.09 Acres
Days on Market54

Property Features for 227 North Lincoln Street

General Information

Standard status Active
Size 9,465 SF
Lot size 0.09 Acres
Property subtype Multifamily

Site & Location

Highway Access Yes
Public Transit Yes

Additional Details

Multifamily Units 8

Building Details

Year Built 1982
Year Renovated 2002
Buildings 1
Listing Agency: NAI Emory Hill Real Estate Services, Inc.
Listed By: Massiel Derefaka · License #RS-0040075
Source: Crexi
Added: Sep 1 Changed: Oct 8 Last Checked: Oct 23 at 7:13AM

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 NAI Emory Hill Real Estate Services, Inc.

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Investment Insights

Based on property information with market context.

This 8-unit multifamily building at 227 North Lincoln Street contains approximately 9,465 square feet on a 0.09-acre parcel. Constructed in 1982, the property includes apartment units and on-site surface parking, with a substantial renovation completed in 2002.

The property is situated in Wilmington’s Hilltop/Little Italy area, with access to Downtown Wilmington, I-95, Trolley Square, and the Riverfront. Restaurants, shopping, and public transportation are also nearby, placing the building within an established urban residential setting.

Key Highlights

  • 8‑unit apartment building with approximately 9,465 square feet
  • Renovated in 2002
  • Situated on a 0.09‑acre parcel

Property Analytics

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Lease Details

8
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,021
Businesses Nearby

Demographics for 19805, DE

39,985
Population
17,281
Households
2.3
Avg Household Size
35
Median Age
23%
College-Educated
87%
High-School Grad
5.5 sq mi
ZIP Area
7,270
Density / Sq Mi
$56,708
Median Household Income
$38,043
Median Earnings
$1,203
Median Rent
$220,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Renovated urban apartment property with on-site surface parking and access to public transportation.
Where is this apartment building located?
The property is located at 227 North Lincoln Street Wilmington, DE.
What are key features of this property?
This property features: 8‑unit apartment building with approximately 9,465 square feet; Renovated in 2002; Situated on a 0.09‑acre parcel
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