Wilmington, DE 19805 315 Central Avenue

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Presented By: Keller Williams Realty Wilmington
  • MLS# DENC2079084
  • 04/10/2025
  • Request Tour
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  • Beds • 6

Home Details

This is a rare investment opportunity to acquire a well-maintained duplex at 315-317 Central Ave in Wilmington, DE, offering both immediate rental income and significant potential future income. With two 3-bedroom, 2-bathroom units, this property is perfectly designed for long-term investment, providing the ideal setup for renters or owners looking for spacious living. Unit 315 has been completely renovated and is move-in ready, featuring modern updates throughout, including all new appliances. This unit is currently vacant, making it an excellent opportunity for an owner-occupant or to attract new tenants right away. Unit 317 is currently occupied by a tenant under a lease that runs through June 2025, paying $1,440/month with the potential to increase up to $1,800/month once the lease allows, offering substantial potential future income. The property is strategically located in a desirable area of Wilmington, with easy access to local amenities, shopping, dining, and public transportation. The combination of a renovated, vacant unit and an occupied unit with an established tenant makes this duplex an exceptional and rare investment opportunity. Whether you're looking to add to your portfolio or explore a property that provides both immediate and long-term rental income, this is a prime opportunity. Dont miss your chance to own this income-producing duplex in a growing market. Schedule a showing today and seize this rare opportunity.
Presented By: Keller Williams Realty Wilmington

Interior Features for 315 Central Avenue

Bedrooms

Three Bedroom Units Count2

Other Interior Features

LivingAreaSourceAssessor
Central Air Y/NYes
Fireplace Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas

General for 315 Central Avenue

Acceptable FinancingConventional, Cash
AccessibilityNone
Architectural StyleOther
CityWILMINGTON
Construction MaterialsFrame
Cool FuelOther
CoolingCentral A/C
CountyNEW CASTLE
DirectionsFrom Kirkwood Hwy/ Rt 2 turn onto Central Ave
Electric100 Amp Service
Garage Y/NNo
HeatingForced Air
Legal SubdivisionBRACK EX
Lot Size Square Feet9147.00
Lot Size UnitsSquare Feet
MLS AreaWilmington (30906)
ModificationTimestamp2025-04-15T16:57:33
New ConstructionNo
Number Of Units Total1
One Bedroom Units Count
Other StructuresAbove Grade, Below Grade
OwnershipFee Simple
Possession0-30 Days CD, 61-90 Days CD
Price Per Sq Ft Total AG158.88
Property SubtypeDuplex
Property TypeMulti-Family
School DistrictRED CLAY CONSOLIDATED
SewerPublic Sewer
Single Room Units Count0
Standard StatusActive Under Contract
StatusACTIVE UNDER CONTRACT
Structure TypeDetached
Tax Annual Amount1875.0
Tax Assessed Value53800.0
Tax Lot107
Tax Year2024
Total SQFT2675
Two Bedroom0
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1930
Year Built SourceAssessor
ZoningNC5

Exterior for 315 Central Avenue

Foundation DetailsOther
Land Assessed Value8800.00
Lot Dimensions75.00 x 120.00
Lot Size Acres0.21
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Parking FeaturesAsphalt Driveway
PoolNo Pool
Type of ParkingOther
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $425,000
MLS#DENC2079084
List Date 04/10/2025
Property Type Contingent
Phone 703.929.4729
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