Wilmington Mixed-Use Investment
837 W 4TH St Wilmington, DE 19801
For Sale
$375,000
Profitable mixed-use property with strong rental history in Wilmington.
Days on Market97
Property Features for 837 W 4TH St
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
1983
Listing Agency:
Keller Williams Realty - Willmington
(302) 529-1857
Listed By:
Kenneth Van Every · License #RS0022242
(302) 529-1857
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 28 at 10:56AM
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 Keller Williams Realty - Willmington
Investment Insights
Based on property information with market context.
This mixed-use investment property is located in Wilmington and offers a first-floor business tenant space, currently configured as a hair salon, along with two 2-bedroom apartments. The property has a strong rental history and generates approximately $4,000 per month in total rents. The first floor is designed for salon use, featuring a visible entrance with signage, a waiting area, a main salon area, two wash stations, and a private styling studio, plus a half bathroom. The apartments are accessed through a side entrance on Adams Street. The second-floor apartment is currently occupied by a tenant who pays $1,200 per month and covers electric and gas. It includes two bedrooms with closets, an updated bathroom, a kitchen with counter space, a refrigerator, cabinetry, and a living room with natural light. The third-floor apartment has a similar layout, is vacant, and has been updated with new paint and flooring. Estimated rent is $1,200 per month. The basement contains separate utilities for each unit, including four electrical panels, three hot water heaters, and three gas furnaces. The property is located near the central business district, shopping, dining, convenience stores, transportation, the train station, bus routes, and other amenities. The property has a bike score of 53, a walk score of 86, and a transit score of 58.
Key Highlights
- Strong income potential with approximately $4,000 total monthly rent.
- Profitable mixed‑use property featuring a first‑floor commercial space (hair salon) and two 2‑bedroom apartments.
- Many major systems replaced in recent years including water heaters, electrical panels, windows, and interior finishes.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Profitable mixed-use property with strong rental history in Wilmington.
Where is this mixed-use property located?
The property is located at 837 W 4TH St Wilmington, DE.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Strong income potential with approximately $4,000 total monthly rent.; Profitable mixed‑use property featuring a first‑floor commercial space (hair salon) and two 2‑bedroom apartments.; Many major systems replaced in recent years including water heaters, electrical panels, windows, and interior finishes.
