1131 S Broom St, Wilmington, DE 19805
Local realty services provided by:Better Homes and Gardens Real Estate Reserve
1131 S Broom St,Wilmington, DE 19805
$549,900
- 9 Beds
- - Baths
- 4,650 sq. ft.
- Multi-family
- Active
Listed by: daniel shainsky, eric brinker
Office: coldwell banker realty
MLS#:DENC2095232
Source:BRIGHTMLS
Price summary
- Price:$549,900
- Price per sq. ft.:$118.26
About this home
Discover a rare and high-yield investment opportunity with this versatile multi-structure property situated on a single parcel in Wilmington’s Cleland Heights. This unique setup features two distinct buildings, offering a great mix of four move-in ready renovations and significant value-add potential. The first structure is a two-story building housing two fully updated upper-level apartments and a large driveway offering plenty of off-street parking. These two-bedroom units feature top-to-bottom improvements, including durable LVP flooring, modern grey cabinetry, and bright white bathrooms, all supported by new 2023 HVAC systems and private in-unit laundry. Below them, a large lower-level space with existing bath presents a prime opportunity to build out a fifth unit (3-bed), a professional office, or functional garage bays. The second structure is a classic Cape Cod divided into a spacious two-bedroom unit on the main level and a three-bedroom unit on the 2nd floor. The upper unit features a private mudroom entrance, original solid hardwoods, and a kitchen with dark cabinetry, while the large lower unit has a fully renovated kitchen and an updated bathroom with marble tile surrounds. This unit can function as a 3-bed if desired by the tenants. Both Cape Cod units include their own laundry and fresh paint throughout. Further adding to the value, the Cape Cod building includes a full basement with separate gas boilers and separately metered electric, offering excellent storage or the potential for a sixth unit conversion. Whether you are looking for a solid house-hacking setup or a high-performing addition to your rental portfolio, this property delivers updated finishes and plenty of room to grow your equity in one package.
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Home facts
- Year built:1940
- Listing ID #:DENC2095232
- Added:1 day(s) ago
- Updated:January 12, 2026 at 11:15 AM
Rooms and interior
- Bedrooms:9
- Living area:4,650 sq. ft.
Heating and cooling
- Cooling:Central A/C
- Heating:Forced Air, Natural Gas
Structure and exterior
- Roof:Pitched, Shingle
- Year built:1940
- Building area:4,650 sq. ft.
- Lot area:0.21 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$549,900
- Price per sq. ft.:$118.26
- Tax amount:$2,806 (2025)
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