837 W 4TH Street, Wilmington, DE 19801
MULTI_FAMILY - Colonial - WILMINGTON, DE
- Added:
- Mar 5, 2026
- Days on Market:
- 99
- Last Refresh:
- Jun 12 at 11:06 am
Property Features for 837 W 4TH Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement, Dining Room
- Parking features
- On Street
- Interior features
- Bathroom - Tub Shower, Built-Ins, Ceiling Fan(s), Dining Area
- Appliances
- Cooktop, Microwave, Refrigerator
- Standard status
- Active
- Size
- 2,268 SF
- Lot size
- 0.02 Acres
Taxes and HOA fees
- Tax Annual Amount
- 5980
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1983
- Number of units
- 3
- Building materials
- Brick, Masonry
- Architectural style
- Colonial
Listing agent Kenneth Van Every License #RS0022242 (302) 529-1857
Listing office Keller Williams Realty Wilmington 200 Bellevue Parkway unit: 415, Willmington, DE (302) 299-1100
Listing date Mar 5, 2026
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Mixed‑use property in Wilmington with a first‑floor salon plus two 2‑bedroom apartments on the 2nd and 3rd floors
- Total rents are approximately $4,000/month: 2nd‑floor unit $1,200/mo (tenant pays electric and gas) and 3rd‑floor unit estimated $1,200/mo
- Corner location with a highly visible entrance and signage facing 4th Street and Adam Street
- Salon‑ready interior includes waiting area, main salon space, wash area with two stations, and a separate studio space
- Many major systems reportedly replaced: water heaters, electrical panels, windows, and many interior finishes
- Basement has separate utilities for the units, including four electrical panels, three hot water heaters, and three gas furnaces plus extra storage
Overview
Recent updates include replaced water heaters, electrical panels, windows, and many interior finishes. The basement provides separate utilities for the units, including four electrical panels, three hot water heaters, and three gas furnaces, along with additional storage.
The building is fully rented, with a tenant in place on the second floor paying $1,200 per month and covering electric and gas. The third-floor unit has been refreshed with new flooring and paint, and its rent is estimated at $1,200 per month. The first-floor commercial space has historically supported salon use, and the corner frontage on 4th Street and Adam Street provides an identifiable street presence. Convenient access to the City of Wilmington’s Center City amenities is supported by walkability to dining, shopping, transportation, and the train station. 48 hours’ notice is required for showings due to tenants in place.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.7k | $16.20 |
| − Vacancy | −$2.4k | −$1.05 |
| EGI | $34.4k | $15.15 |
| − OpEx | −$10.3k | −$4.54 |
| NOI | $24.0k | $10.60 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Wilmington
- County
- New Castle
- State
- Delaware
- Longitude
- -75.55945
- Latitude
- 39.74396