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703 North West Street Wilmington, DE 19801

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For Sale
$499,900

Historic building with redevelopment potential in Wilmington's Downtown Development District.

Type:Multi-Family / Fee Simple
Property size:
3,150 SF
Added:
Feb 5, 2026
Days on Market:
72
Last Refresh:
Mar 16 at 11:45 pm

Property Features for 703 North West Street

General Information

Standard status
Active
Size
3,150 SF
Property subtype
Multi-Family / Fee Simple

Building Details

Year Built
1760

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Listing Contact
Mark Stape

Listing agent Mark Stape License #RS-2184965

Listing office Compass

Listing date Feb 5, 2026

Source Compass

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 Compass


Overview

Historic Wilmington Apartment Building Opportunity

Located in Wilmington's Downtown Development District, the historic apartment building at 703 N West St is on the National Register of Historic Places since 1979. Constructed around 1760 by the Woodward family, the three-story, stuccoed stone structure with a brick rear ell retains Georgian elements. The L-shaped layout includes paneled walls, chair rails, original fireplaces, a mid-19th-century mantel with Minton tiles, wide floorboards, and a central staircase. The property offers potential for creative redevelopment, including multi-family housing, a single-family residence, or other adaptive uses. The property has lost its prior multi-family use and would require zoning board approval to reinstate apartments or similar configurations. Situated in the heart of Wilmington’s Downtown Development District, this property qualifies for incentives, including up to 20% rebates on qualified real property investments through Delaware’s Downtown Development Districts Rebate Program. As a National Register-listed site, it’s also eligible for federal historic preservation tax credits (up to 20% for certified rehabilitations) and potential state grants. The property is in rough condition and needs major renovations, including roof and stucco maintenance, interior updates, and system overhauls. It is offered as-is in Quaker Hill surrounded by commercial growth, historic districts, and easy access to downtown. The property size is 3150 square feet.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Law Firm Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

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City
Wilmington
County
New Castle
State
Delaware
Longitude
-75.5386
Latitude
39.722

FAQs

What type of property is this?
Apartment building - Historic building with redevelopment potential in Wilmington's Downtown Development District.
Where is this apartment building located?
The property is located at 703 North West Street Wilmington, DE.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Eligible for significant financial incentives, including Delaware's Downtown Development Districts Rebate Program (up to 20%) and federal historic preservation tax credits (up to 20%).; Located in Wilmington's Downtown Development District, offering potential for revitalization and growth.; Listed on the National Register of Historic Places since 1979, preserving irreplaceable architectural heritage.
More about this property
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