47 N PENNEWELL Dr, Wilmington, DE 19809

Building Details

Year Built

1940

Listing office RE/MAX Associates a***@gmail.com Show Phone

Listing date Nov 28, 2025

Source Elliman

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Overview

Located in the Edgemoor Gardens community, this property features a 3-bedroom, 1-bathroom townhome. The sale is subject to the existing Section 8 tenant remaining in place, with a signed lease extending through March 2025. The current Section 8 rent is $1300.00 per month. The property is in good condition, presenting an opportunity for investors to expand their portfolios.

Suggested Use

Law Firm Dental Office Bar & Pub Real Estate Agency Barber Shop (Bike/Boat/Book/etc) Store Home Appliance Store Nursing Home Bakery Electronics & Wireless Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Wilmington

County

New Castle

State

Delaware

Longitude

-75.5027

Latitude

39.759

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FAQs

What type of property is this?

Triplex - Tenant in place, Section 8, good condition, investor opportunity.

Where is this triplex located?

The property is located at 47 N PENNEWELL Dr Wilmington, DE.

What is the asking price?

The asking price for this property is $129,900.

What are key features of this property?

This property features: Existing Section 8 tenant provides immediate rental income.; Current Section 8 rent is $1300.00 per month.; Tenant has a lease agreement through March 2025.