$ 2,200,000
-
$2,200,000
Price -
0.25
Acre
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About the Listing LNFGREEN - 3146765,3225804
Investment Opportunity – Monument Square Apartments | Trolley Square, Wilmington, DE Monument Square Apartments presents a rare opportunity to acquire a stabilized 8-unit multifamily asset along with a buildable lot in the heart of Wilmington’s highly desirable Trolley Square neighborhood. Two separate parcels, a lot approved for 4-6 units and an apartment building Uniquely renovated and designed, with individually metered utilities, providing operational efficiency and tenant autonomy. Current ownership has invested in comprehensive improvements over the past five years, including both cosmetic upgrades and essential system enhancements across all units. These capital improvements have elevated the asset’s marketability while significantly reducing near-term maintenance exposure. The property is cash-flow positive with strong in-place income and additional upside potential through future rent growth in a supply-constrained, high-demand submarket. The adjacent buildable lot offers capacity for 4–6 new two-bedroom units, presenting a valuable expansion or development opportunity. Financials, rent roll, and development schematics available upon request.
Listing Highlights for 1400 & 1408 Delaware Ave
Status
Active
Days on Site
40
Property Type
Commercial Sale
MLS ®
DENC2112384
Year Built
1900
Lot/Acreage
0.25
County
New Castle
Neighborhood
Trolley Square
Area
Wilmington (30906)
School District
Red Clay Consolidated
Interior Details
- Appliances:
- Air Cond: Central A/C
- Heating: 90% Forced Air,Baseboard - Hot Water
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Parking Spaces: 8
- Lot Dimensions: 148.50 x 91.50
- Zoning: 26R-2A
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Private,Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $14,953
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
1400 & 1408 Delaware Ave Wilmington, DE 19806
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