3-Unit
For Sale
$399,000
505 N WEST STREET, Wilmington, DE 19801
All three apartments have two bedrooms, with two units arranged across two floors.
Property SizeContact for details
Days on Market8
Property Features for 505 N WEST STREET
General Information
Standard status
Active
Property subtype
Triplex
Additional Details
Public Transit
Yes
Multifamily Units
3
Tenant in Place
Yes
Building Details
Year Built
1912
Listing Agency:
Tesla Realty Group, LLC
(844) 837-5274
Listed By:
Kevin G A Melloy
(302) 425-4900
Source:
Cummingsrealtors
Added: Oct 24
Changed: Oct 29
Last Checked: Oct 30 at 5:13PM
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 Tesla Realty Group, LLC
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Investment Insights
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This three-unit residential property contains three two-bedroom apartments. Two units span two floors: one has one full and one half bathroom, while the other has one bathroom and a porch. The third apartment is described as spacious. The primary apartment has a street-facing entrance, another entry from a second parking area, and interior stairs at both the front and rear. It is updated and has high ceilings and bright interior spaces. The building dates to 1912.
The property is in Wilmington near the Market Street Corridor, the train station, and the riverfront. Street parking includes a lighted resident-permit area, along with additional street parking.
The primary apartment is identified as available at closing; the other two apartments are tenant-occupied. Interior photographs are limited to the primary unit.
The property is in Wilmington near the Market Street Corridor, the train station, and the riverfront. Street parking includes a lighted resident-permit area, along with additional street parking.
The primary apartment is identified as available at closing; the other two apartments are tenant-occupied. Interior photographs are limited to the primary unit.
Key Highlights
- Three apartments, each with 2 bedrooms
- Two units have two‑story layouts; one includes a porch
- Primary apartment has 1 full and 1 half bathroom; the other two‑story unit has 1 bathroom
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
6,590
Businesses Nearby
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Business Placement
Demographics for 19801, DE
16,219
Population
9,390
Households
1.7
Avg Household Size
34
Median Age
26%
College-Educated
85%
High-School Grad
4.4 sq mi
ZIP Area
3,686
Density / Sq Mi
$44,505
Median Household Income
$36,684
Median Earnings
$1,126
Median Rent
$196,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - All three apartments have two bedrooms, with two units arranged across two floors.
Where is this triplex located?
The property is located at 505 N WEST STREET Wilmington, DE.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Three apartments, each with 2 bedrooms; Two units have two‑story layouts; one includes a porch; Primary apartment has 1 full and 1 half bathroom; the other two‑story unit has 1 bathroom
