Wilmington, DE 19806,1531 DELAWARE AVE
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Listed by Marcee Kay McMullen • Real of Pennsylvania
$485,000
Est. payment /mo
1,975 SqFt
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Key Details

Property Type Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Coming Soon

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

Photos Coming Soon!!

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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Springer Realty Group

Springer Realty Group

+1(484) 498-4000

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