816 W 8TH ST Active Save Request In-Person Tour Request Virtual Tour
Wilmington,DE 19801
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DENC2090760
Year Built 1920
Annual Tax Amount $5,157
Tax Year 2025
Lot Size 3,049 Sqft
Property Sub-Type Five Or More Units
Property Description
Excellent Investment Opportunity – Turnkey 5-Unit Apartment Building in Wilmington
A rare opportunity to acquire a fully operational, income-producing apartment building in the heart of Wilmington. This well-maintained, turnkey property features five units – two spacious 2-bedroom units and three 1-bedroom units.
Presently, four units are occupied, with one pending a new tenant, providing immediate cash flow. Rents are currently below market, presenting an opportunity for increased returns through rent adjustments. Most leases are month-to-month with long-term tenants.
The partially finished basement offers potential for an owner's office or additional storage. Property is being sold as-is and is in good overall condition. Inspections are for informational purposes only.
Perfect for investors seeking strong rental demand and long-term growth potential.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-4
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Exterior
Garage Spaces 4.0
Water Access N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Christina
Others
Special Listing Condition Standard