131 W 18th St, Wilmington, DE 19802

Wilmington
Local realty services provided by:Better Homes and Gardens Real Estate Reserve
131 W 18th St,Wilmington, DE 19802
$850,000
  • 10 Beds
  • - Baths
  • 5,535 sq. ft.
  • Multi-family
  • Pending
Listed by: mark stape, pamela r meissler
Office: compass
MLS#:DENC2099208
Source:BRIGHTMLS

Price summary

  • Price:$850,000
  • Price per sq. ft.:$153.57

About this home

Exceptional opportunity to acquire a 6-unit multifamily asset with 5 garages in a highly desirable Wilmington submarket known for strong and consistent rental demand. The property offers an attractive unit mix of two 1-bedroom units and four 2-bedroom units, along with a common laundry area, creating multiple income streams and broad tenant appeal. The asset is currently generating $88,740 in annual rental income at a 6.77% cap rate, with significant upside through strategic rent increases and operational improvements. Based on current market comparables, there is an estimated $22,860 in annual rental upside, supporting a projected stabilized income of $111,600 and a 9.04% cap rate. Ideally situated with convenient access to I-95, downtown Wilmington, major employers, and local amenities, the property benefits from strong tenant demand and consistent leasing activity. This offering presents a compelling investment for both new and experienced investors seeking stable in-place cash...

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Home facts

  • Year built:1921
  • Listing ID #:DENC2099208
  • Added:102 day(s) ago
  • Updated:June 30, 2026 at 05:35 AM

Rooms and interior

  • Bedrooms:10
  • Flooring:Wood
  • Basement:Yes
  • Basement Description:Full
  • Living area:5,535 sq. ft.

Heating and cooling

  • Heating:Baseboard - Electric, Electric

Structure and exterior

  • Roof:Flat
  • Year built:1921
  • Building area:5,535 sq. ft.
  • Lot area:0.14 Acres
  • Architectural Style:Colonial
  • Construction Materials:Brick
  • Foundation Description:Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$850,000
  • Price per sq. ft.:$153.57
  • Tax amount:$9,161 (2025)

Parking

  • Parking description:On Street

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