816 W 8th St, Wilmington, DE 19801
Local realty services provided by:Better Homes and Gardens Real Estate Reserve
816 W 8th St,Wilmington, DE 19801
$569,000
- 7 Beds
- - Baths
- 3,175 sq. ft.
- Multi-family
- Pending
Listed by: manuel m alvarado, tia a gianakis
Office: concord realty group
MLS#:DENC2090758
Source:BRIGHTMLS
Price summary
- Price:$569,000
- Price per sq. ft.:$179.21
About this home
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 owner’s 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.
Contact an agent
Home facts
- Year built:1920
- Listing ID #:DENC2090758
- Added:49 day(s) ago
- Updated:November 26, 2025 at 08:49 AM
Rooms and interior
- Bedrooms:7
- Living area:3,175 sq. ft.
Heating and cooling
- Heating:Baseboard - Electric, Electric
Structure and exterior
- Year built:1920
- Building area:3,175 sq. ft.
- Lot area:0.07 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$569,000
- Price per sq. ft.:$179.21
- Tax amount:$5,157 (2025)
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