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Updated Triplex Near Amenities

706 N WASHINGTON STREET, Wilmington, DE 19801

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For Sale

$359,900

Updated, fully leased triplex with strong income potential.

Type:Investment

HighLights

High CAP Rate: Estimated 10% CAP rate indicates strong investment potential.
Fully Leased: All three units are currently leased, providing immediate income.
Updated Units: Property is updated and in very good condition, reducing potential maintenance costs.
Strong Gross Cash Flow: Generates approximately $39,000 in gross annual cash flow.
Tenant Paid Utilities: Tenants cover all utility costs (electric, heat, hot water), minimizing owner expenses.
Excellent Location: Very walkable location (walk score 86) close to business, nightlife, and restaurants.

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Listing Contact

Richard Oberly

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For Sale

$359,900

Updated, fully leased triplex with strong income potential.

Type:Investment

Added:: Apr 24, 2026
Days on Market:: 55
Last Refresh:: Apr 24 at 4:03 pm

Property Features for 706 N WASHINGTON STREET

General Information

Standard status: Active
Property subtype: Investment

Building Details

Year Built: 1899

We can help!

Listing Contact

Richard Oberly

Listing agent Richard Oberly License #RS320571

Listing office Compass

Listing date Apr 24, 2026

Source Elliman

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

HighLights

High CAP Rate: Estimated 10% CAP rate indicates strong investment potential.
Fully Leased: All three units are currently leased, providing immediate income.
Updated Units: Property is updated and in very good condition, reducing potential maintenance costs.
Strong Gross Cash Flow: Generates approximately $39,000 in gross annual cash flow.
Tenant Paid Utilities: Tenants cover all utility costs (electric, heat, hot water), minimizing owner expenses.
Excellent Location: Very walkable location (walk score 86) close to business, nightlife, and restaurants.

Overview

This updated triplex is situated in close proximity to businesses, nightlife, and restaurants. The property features three units: two with two bedrooms each, and one efficiency. The building is in very good condition and is fully leased. Tenants are responsible for all utilities, including electric, heat, and hot water, while the owner covers sewer and water expenses. The total gross cash flow is approximately $39,000 per year, with an estimated CAP rate of 10%. The property is easy to rent and presents a potential addition to any portfolio. The location has a walk score of 86, indicating it is very walkable, a transit score of 57, indicating good transit options, and a bike score of 47, indicating it is somewhat bikeable.

Location Intelligence

Current Use by Public Records

Triplexes

Map

City: Wilmington
County: New Castle
State: Delaware
Longitude: -75.5534454
Latitude: 39.7444133

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For sale
Triplexes
DE
Wilmington
19801
706 N WASHINGTON STREET

What type of property is this?

Triplex - Updated, fully leased triplex with strong income potential.

Where is this triplex located?

The property is located at 706 N WASHINGTON STREET Wilmington, DE.

What is the asking price?

The asking price for this property is $359,900.

What are key features of this property?

This property features: High CAP Rate: Estimated 10% CAP rate indicates strong investment potential.; Fully Leased: All three units are currently leased, providing immediate income.; Updated Units: Property is updated and in very good condition, reducing potential maintenance costs.

706 N WASHINGTON STREET, Wilmington, DE 19801

Updated, fully leased triplex with strong income potential.

Property Features for 706 N WASHINGTON STREET

General Information

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Map

Nearby Similar for Sale

Multi-Tenant Office Building with Private Parking

Renovated Two-Story Office Building

Wilmington Triplex: Investment Opportunity

Trinity Vicinity Triplex in Wilmington

Colonial Duplex with Two-Car Garage

Office Building with Private Parking

Updated Duplex in Wilmington

Corner Salon Retail with Apartments

Renovated Triplex with Updated Interiors

Colonial Multifamily Property in Wilmington

Central Business District Mixed-Use Building

Retail Storefront with Off-Street Parking

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