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Asking Price - $850,000
Days on Market - 9
131 W 18th Street
Wilmington, DE 19802
Featured Agent
EveryHome Agent
Asking Price
$850,000
Days on Market
9
# of Units
1
1 Bdrm Units
2
2 Bdrm Units
4
Acres
0.14
Interior SqFt
5,535
Age
105
Heating
Electric
Cooling
N/A
Water
Public
Sewer
Public
Garages
0
Taxes (2025)
6,098
Additional Details Below
EveryHome Agent
Views: 11
Featured Agent
EveryHome Realtor
Description
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 flow with clear value-add potential. With its solid unit mix, additional income from garages and laundry, and proven rental growth in the area, this asset is well-positioned for both immediate returns and long-term appreciation.
Location
Driving Directions
From I-95, take Exit 7 for DE-52/North Market Street, head north, then turn left onto W 18th Street; 131 W 18th Street will be on your left. Use GPS.
Listing Details
Summary
Architectural Type
•Colonial
Utilities
Heating
•Baseboard - Electric, Electric
Miscellaneous
Lattitude : 39.752900
Longitude : -75.544590
MLS# : DENC2099208
Views : 11
Listing Courtesy: Mark Stape of Compass
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Notes
Page: © 2026 EveryHome, Realtors, All Rights Reserved.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Presentation: © 2026 EveryHome, Realtors, All Rights Reserved. EveryHome is licensed by the Delaware Real Estate Commission - License RB-0020479
Real estate listings held by brokerage firms other than EveryHome are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.
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