Wilmington, DE 19806 1531 Delaware Avenue

Pending
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Presented By: Real of Pennsylvania
  • MLS# DENC2093544
  • 11/20/2025
  • Request Tour
  • Request Info
  • Beds • 4

Home Details

Photos Coming Soon!! Discover an incredible opportunity near one of Wilmingtons 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, cafs, 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 youre 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.
Presented By: Real of Pennsylvania

Interior Features for 1531 Delaware Avenue

Bedrooms

Three Bedroom Units Count

Other Interior Features

LivingAreaSourceAssessor
Central Air Y/NNo
Fireplace Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas
Total Stories3

General for 1531 Delaware Avenue

Accessibility2+ Access Exits
Architectural StyleVictorian
CityWILMINGTON
Construction MaterialsBrick
Cool FuelElectric
CoolingWindow Unit(s)
CountyNEW CASTLE
DirectionsUse GPS
Garage Y/NNo
HeatingHot Water
Lease TypeYearly
Legal SubdivisionWILMINGTON
Living Area1975
Lot Size Square Feet2178.00
Lot Size UnitsSquare Feet
MLS AreaWilmington (30906)
New ConstructionNo
Number Of Units Total3
Number of Units Leased2
One Bedroom Units Count2
Other StructuresAbove Grade, Below Grade
OwnerPaysTrash Collection, Water, Sewer
OwnershipFee Simple
PossessionNegotiable
Price Per Sq Ft Total AG245.57
Property SubtypeTriplex
Property TypeMulti-Family
Rent Control Y/NNo
School DistrictRED CLAY CONSOLIDATED
SewerPublic Sewer
Single Room Units Count0
Standard StatusPending
StatusPENDING
Structure TypeTwin/Semi-Detached
Subdivision NameFORTY ACRES
Tax Annual Amount6718.0
Tax Assessed Value593300.0
Tax Lot070
Tax Year2025
Total SQFT1975
Two Bedroom1
Vacation Rental Y/NNo
Water Access Y/NNo
Year Built1900
Year Built SourceAssessor
Zoning26R-4

Exterior for 1531 Delaware Avenue

Foundation DetailsBlock
Land Assessed Value74900.00
Land Use Code
Lot Dimensions16.00 x 133.30
Lot Size Acres0.05
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Navigable Water Y/NNo
PoolNo Pool
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo
Waterfront Y/NNo

Additional Details

Price History

Rachel Shepherd

Price $485,000
MLS#DENC2093544
List Date 11/20/2025
Property Type Pending
Phone 703.929.4729
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