Wilmington, DE 19801 816 W 8Th Street

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Presented By: Concord Realty Group
  • MLS# DENC2090760
  • 10/07/2025
  • Request Tour
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  • SQFT • 3,175

Home Details

Excellent Investment Opportunity Turnkey 5-Unit Apartment Building in Wilmington A rare opportunity to acquire a fully operational, income-producing apartment building in the heart of Wilmington. This well-maintained, turnkey property features five units two spacious 2-bedroom units and three 1-bedroom units. Presently, four units are occupied, with one pending a new tenant, providing immediate cash flow. Rents are currently below market, presenting an opportunity for increased returns through rent adjustments. Most leases are month-to-month with long-term tenants. The partially finished basement offers potential for an owners office or additional storage. Property is being sold as-is and is in good overall condition. Inspections are for informational purposes only. Perfect for investors seeking strong rental demand and long-term growth potential.
Presented By: Concord Realty Group

Interior Features for 816 W 8Th Street

Other Interior Features

Central Air Y/NNo
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric

General for 816 W 8Th Street

AccessibilityNone
Business TypeApartment Building
CityWILMINGTON
Construction MaterialsBrick
Cool FuelNone
CoolingNone
CountyNEW CASTLE
DirectionsUse GPS
HeatingBaseboard - Electric
Legal SubdivisionWILMINGTON
Lot Size Square Feet3049.00
Lot Size UnitsSquare Feet
MLS AreaWilmington (30906)
New ConstructionNo
Number Of Units Total1
OwnershipFee Simple
PossessionSubject to Existing Lease
Price Per Sq Ft Total AG179.21
Property SubtypeFive Or More Units
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive Under Contract
StatusACTIVE UNDER CONTRACT
Tax Annual Amount5157.0
Tax Assessed Value409300.0
Tax Lot401
Tax Year2025
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1920
Year Built SourceAssessor
Zoning26R-4

Exterior for 816 W 8Th Street

Building Area Total3175.00
Car Parking Spaces4
Land Assessed Value47100.00
Land Use Code
Lot Dimensions24.00 x 118.00
Lot Size Acres0.07
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Total Loading Docks0
Total Parking Spaces4
Type of ParkingDriveway
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $569,000
MLS#DENC2090760
List Date 10/07/2025
Property Type Contingent
Phone 703.929.4729
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