1410 & 1412 DELAWARE AVE Active Save Request In-Person Tour Request Virtual Tour
Wilmington,DE 19806
Key Details
Property Type Townhouse
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Subdivision Trolley Square
MLS Listing ID DENC2089830
Style Colonial
Year Built 1910
Annual Tax Amount $3,165
Tax Year 2025
Lot Size 6,534 Sqft
Property Sub-Type Twin/Semi-Detached
Property Description
Investment Opportunity – Monument Square Apartments presents a rare chance to acquire a stabilized 11 unit multifamily property in Wilmington's sought-after Trolley Square neighborhood. The asset consists of two adjoining three-story brick buildings on separate parcels, with each apartment featuring its own character and separately metered utilities. Over the past five years, ownership has invested in both cosmetic updates and key system improvements across all units, enhancing tenant appeal and reducing near-term capital needs. The property is well-positioned to provide consistent cash flow with upside through future rent growth in a high-demand submarket. For scale-minded investors, this property can also be acquired with two adjacent buildings totaling 18 additional units plus a buildable lot, offering immediate portfolio expansion in one of Wilmington's most desirable rental corridors. Full financials and package details available upon request.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-2A
Interior
Hot Water Electric
Cooling Central A/C
Exterior
Water Access N
Building
Foundation Stone
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Red Clay Consolidated
Others
Special Listing Condition Standard