1531 DELAWARE AVE Wilmington, DE 19806
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Twin/Semi-Detached
Listing Status Pending
Purchase Type For Sale
Square Footage 1,975 sqft
Price per Sqft $245
Subdivision Forty Acres
MLS Listing ID DENC2093544
Style Victorian
Abv Grd Liv Area 1,975
Year Built 1900
Available Date 2025-11-28
Annual Tax Amount $6,718
Tax Year 2025
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 16.00 x 133.30
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
Discover an incredible opportunity near one of Wilmington's most beloved and walkable neighborhoods — vibrant, charming Trolley Square! This well-maintained triplex offers a blend of stable rental income, future value-add potential, and unbeatable location just steps from restaurants, cafés, local shops, nightlife, and community favorites.
This 3-unit property includes two currently occupied one-bedroom apartments with leases secured through August 2026 — a fantastic benefit for investors seeking immediate and predictable cash flow. The top-floor unit is ready for its next chapter, offering a blank canvas for renovation to elevate rents and maximize returns. Whether updating the two bedroom into a space to add rental income or to create the perfect owner-occupied space — the upside is all yours.
Whether you're growing your investment portfolio or envisioning the perfect space to live and earn in a thriving location, this triplex checks all the boxes: income stability now with exceptional potential ahead.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-4
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling Window Unit(s)
Fireplace N
Heat Source Natural Gas
Exterior
Water Access N
Accessibility 2+ Access Exits
Garage N
Building
Foundation Block
Above Ground Finished SqFt 1975
Sewer Public Sewer
Water Public
Architectural Style Victorian
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Red Clay Consolidated
Others
Tax ID 26-020.20-070
Ownership Fee Simple
SqFt Source 1975
Special Listing Condition Standard
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Zack Grimmer
Associate Broker | Team Leader | REALTOR | Mortgage Loan Officer | License ID: RS346782 | 1973175 | BK359849