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Wilmington,DE 19806
Key Details
Property Type Multi-Family
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
Acres 0.15
Lot Dimensions 41.10 x 125.00
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
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
Rooms
Basement Full
Interior
Hot Water Electric
Cooling Central A/C
Fireplace N
Heat Source Natural Gas,Oil
Exterior
Water Access N
Accessibility None
Garage N
Building
Foundation Stone
Sewer Public Sewer
Water Public
Architectural Style Colonial
Additional Building Above Grade,Below Grade
New Construction N
Schools
School District Red Clay Consolidated
Others
Tax ID 26-020.20-185
Ownership Fee Simple
Special Listing Condition Standard