837 W 4th St, Wilmington, DE 19801
Local realty services provided by:Better Homes and Gardens Real Estate Valley Partners
Listed by: kenneth van every
Office: keller williams realty wilmington
MLS#:DENC2097812
Source:BRIGHTMLS
Price summary
- Price:$375,000
- Price per sq. ft.:$165.34
About this home
ALL OFFERS CONSIDERED, Motivated seller. Great Cash-flow investment opportunity. Cap rate of more than 10%. Fully rented grossing $4000/month. Your chance to own a profitable mixed-use investment property in the heart of the City of Wilmington. It's ready to go and has a strong rental history. The building offers an operating salon business in a 5 year lease at $1600/month. along with two 2-bedroom apartments each paying $1200/month. Total rents are a$4,000 per month, creating strong income for an investment property.
Many major systems have been replaced in recent years, including water heaters, electrical panels, windows, and many interior finishes.
The first floor salon business is highly visible entrance with signage faces 4th Street and Adam Street on this corner property. An attractive entrance leads into a comfortable waiting area for clients. Toward the back is the main salon area with room for multiple stylists to work comfortably. The lighting and layout are well suited for salon use. Further back is the wash area with two stations, spacious and well equipped. A short hall leads to an additional studio space for private styling, with chair and lighting already in place. This floor is completed by a nicely decorated half bathroom available for client use.
The apartments are accessed through a side entrance on Adams Street. The common stairway leads to the second and third floor apartments, each with its own private entrance.
The second-floor apartment currently has a good tenant in place who would like to stay and maintain the apartment well. Rent is $1,200 per month, and the tenant pays electric and gas. Third floor apartment is similar and has a new tenant in place, also paying 1$200/month. Upon entering the apartments, the first bedroom is on the left and offers a generous closet. Toward the front of the property is the second bedroom, also with a good closet. The apartment includes an updated bathroom, followed by the kitchen, which offers generous counter space, a compact refrigerator, and ample cabinetry. The kitchen could also function as a small eat-in space. At the front of the property is the living room, which benefits from excellent natural light from both sides due to the corner location.
The third-floor apartment has a very similar layout to the second floor. The unit has just been painted, updated with new flooring, and refreshed. Estimated rent is $1,200 per month. All units are currently tenant-occupied, fully rented with great cash-flow.
The basement contains separate utilities for the units, including four electrical panels (three units plus a landlord panel), three hot water heaters, and three gas furnaces, with two located in the basement and one located in a closet within the third-floor apartment. The basement also provides additional storage space.
Excellent location just off Adams Street and 4th Street. The property is walkable to the central business district, shopping, dining, convenience stores, transportation, the train station, bus routes, and many other Center City amenities.
48 hours notice required due to tenants in place....
Contact an agent
Home facts
- Year built:1983
- Subdivision & Development:WILM #21
- Listing ID #:DENC2097812
- Added:193 day(s) ago
- Updated:September 14, 2026 at 01:49 PM
Rooms and interior
- Bedrooms:4
- Rooms Total:15
- Flooring:Laminated, Luxury Vinyl Plank, Vinyl
- Kitchen Description:Built-Ins, Cooktop, Microwave, Refrigerator
- Basement:Yes
- Basement Description:Connecting Stairway
- Living area:2,268 sq. ft.
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1983
- Building area:2,268 sq. ft.
- Lot area:0.02 Acres
- Architectural Style:Colonial
- Construction Materials:Brick, Masonry
- Exterior Features:Sidewalks, Street Lights
Schools
- High school:NEWARK
- Middle school:BAYARD
- Elementary school:PULASKI
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$375,000
- Price per sq. ft.:$165.34
- Tax amount:$5,980 (2025)
Features and amenities
- Amenities:Built-Ins, Ceiling Fan(s), Electric Available, Insulated Windows, Natural Gas Available, Replacement Windows
Parking
- Parking description:On Street
New listings near 837 W 4th St
- Coming Soon
$389,900Coming Soon3 beds 3 baths1,950 sq. ft.4911 Plum Run Ct, WILMINGTON, DE 19808
MLS# DENC2111198Listed by: RE/MAX ELITE - Coming SoonOpen Sat, 10am to 12pm
$315,000Coming Soon3 beds 1 baths1,200 sq. ft.1 Read Ave, WILMINGTON, DE 19804
MLS# DENC2111162Listed by: EPIQUE REALTY - Coming SoonOpen Thu, 5 to 7pm
$495,000Coming Soon5 beds 3 baths2,100 sq. ft.1207 Flint Hill Rd, WILMINGTON, DE 19808
MLS# DENC2110968Listed by: EMPOWER REAL ESTATE, LLC - Coming Soon
$385,000Coming Soon3 beds 2 baths1,550 sq. ft.103 Linden Ave, WILMINGTON, DE 19805
MLS# DENC2110812Listed by: CROWN HOMES REAL ESTATE - Coming Soon
$325,000Coming Soon2 beds 3 baths1,825 sq. ft.3200 Champions Dr, WILMINGTON, DE 19808
MLS# DENC2111092Listed by: SCHOTT REAL ESTATE - Coming Soon
$259,900Coming Soon3 beds 2 baths1,100 sq. ft.1815 Maple St, WILMINGTON, DE 19805
MLS# DENC2111048Listed by: PHOENIX REAL ESTATE - Coming Soon
$600,000Coming Soon4 beds 3 baths2,100 sq. ft.306 Spalding Rd, WILMINGTON, DE 19803
MLS# DENC2110596Listed by: LONG & FOSTER REAL ESTATE, INC. - Coming SoonOpen Sat, 1 to 3pm
$520,000Coming Soon3 beds 4 baths2,499 sq. ft.2733 Skylark Rd, WILMINGTON, DE 19808
MLS# DENC2110466Listed by: LONG & FOSTER REAL ESTATE, INC. - Coming Soon
$200,000Coming Soon1 beds 1 baths4303 Claremont Ct, WILMINGTON, DE 19808
MLS# DENC2110334Listed by: PATTERSON-SCHWARTZ - GREENVILLE - Coming Soon
$333,000Coming Soon3 beds 3 baths142 Mcmullen Cir, WILMINGTON, DE 19802
MLS# DENC2105542Listed by: BHHS FOX & ROACH-CHRISTIANA
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
© 2026 Better Homes and Gardens Real Estate LLC. An Anywhere Real Estate company. All rights reserved. Better Homes and Gardens® Real Estate is a registered trademark owned by Meredith Operations Corporation, licensed to Better Homes and Gardens Real Estate LLC and used with permission. Better Homes and Gardens Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Listing information is deemed reliable but is not guaranteed accurate.
Each office is independently owned and operated.
Any services or products provided by third parties are not provided by, affiliated with or related to Better Homes and Gardens Real Estate LLC, or its affiliated companies.