35 W GLENWOOD Ave Smyrna, DE 19977

Building Details

Year Built

1965

Listing office Myers Realty a***@gmail.com Show Phone

Listing date May 15, 2026

Source Elliman

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Investment Insights

Based on property information with market context.

Located in Smyrna, Delaware, this property features 16 renovated units consisting of twelve 1-bedroom and four 2-bedroom apartments. The units have been updated with designer-inspired renovations. The property includes new, energy-efficient HVAC and plumbing systems. Utilities are individually metered and paid by tenants. Onsite laundry facilities are available. The property is situated on a 1.57-acre parcel, offering the potential for future development. Preliminary discussions with the Town of Smyrna suggest the possibility of adding 8 to 16 additional units. Located within the Downtown Development District (DDD), the property is eligible for state and local incentives, including potential rebate grants and impact fee waivers. The property is somewhat bikeable with a bike score of 34, and car-dependent with a walk score of 19.

Key Highlights

• 1.57‑acre property with potential for 8‑16 additional units
• Fully renovated 16‑unit property requiring minimal capital reserves
• Located in Downtown Development District (DDD), eligible for state and local incentives

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FAQs

What type of property is this?

Apartment building - Renovated 16-unit property on 1.57 acres with development potential.

Where is this apartment building located?

The property is located at 35 W GLENWOOD Ave Smyrna, DE.

What is the asking price?

The asking price for this property is $4,000,000.

What are key features of this property?

This property features: 1.57‑acre property with potential for 8‑16 additional units; Fully renovated 16‑unit property requiring minimal capital reserves; Located in Downtown Development District (DDD), eligible for state and local incentives