3403 Lancaster Pike, Wilmington, DE 19805

Located on Lancaster Pike in Wilmington, Delaware, Westover Pointe features 71 multifamily apartments and four commercial spaces. The property benefits from its proximity to the Greater Philadelphia Metropolitan Area, diverse employment drivers, and strong regional transportation connectivity. The area’s stable economic base and sustained housing demand support consistent multifamily performance, positioning Westover Pointe as an attractive long-term investment opportunity. This well-maintained, garden-style community offers a mix of one-, two-, and three-bedroom apartment homes averaging approximately 932 square feet; 87% of the units have two and three bedrooms. The property provides residents with spacious floor plans and attractive living spaces designed to meet the needs of the local workforce renter base. Current in-place rents remain approximately 15–20% below market, presenting investors with an opportunity to capture rental upside through lease turnover and strategic renovations to kitchens and baths. Situated along Lancaster Pike (Route 48), Westover Pointe benefits from immediate access to major transportation routes, including I-95, I-295, Route 141, and Route 7, providing connectivity throughout Greater Wilmington and the Philadelphia Region. Residents enjoy convenient access to major employment centers such as Wilmington’s banking and financial district (JPMorgan Chase, Bank of America, Capital One), ChristianaCare, and AstraZeneca, as well as retail corridors and neighborhood amenities. Currently operating with stabilized residential occupancy, Westover Pointe Apartments provides investors with immediate cash flow and value-add potential. The property offers the opportunity to increase revenue through lease turnover and interior upgrades to kitchens and bathrooms, capturing upside in a high-demand workforce rental market. The property size is 76250 square feet.