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Asking Price - $2,450,000
Days on Market - 37
1400 Delaware Avenue
Trolley Square
Wilmington, DE 19806
Featured Agent
EveryHome Realtor
Asking Price
$2,450,000
Days on Market
37
# of Units
1
1 Bdrm Units
4
2 Bdrm Units
3
3 Bdrm Units
1
Acres
0.25
Age
125
Heating
Natural Gas
Cooling
Central A/C
Water
Public
Sewer
Public
Garages
0
Taxes (2025)
14,953
Additional Details Below
EveryHome Realtor
Views: 34
Featured Agent
EveryHome Realtor
Description
Investment Opportunity – Monument Square Apartments | Trolley Square, Wilmington, D Monument Square Apartments presents a rare opportunity to acquire a stabilized 8-unit multifamily asset along with a buildable lot in the heart of Wilmington’s highly desirable Trolley Square neighborhood. The offering consists of two adjoining, three-story brick buildings situated on separate parcels—each apartment uniquely designed, with individually metered utilities, providing operational efficiency and tenant autonomy. Current ownership has invested in comprehensive improvements over the past five years, including both cosmetic upgrades and essential system enhancements across all units. These capital improvements have elevated the asset’s marketability while significantly reducing near-term maintenance exposure. The property is cash-flow positive with strong in-place income and additional upside potential through future rent growth in a supply-constrained, high-demand submarket. The adjacent buildable lot offers capacity for 4–6 new two-bedroom units, presenting a valuable expansion or development opportunity. For scale-focused investors, the asset may be acquired in conjunction with two neighboring buildings totaling an additional 21 units, enabling immediate portfolio growth in one of Wilmington’s most sought-after rental corridors. Financials, rent roll, and development schematics available upon request
Location
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Listing Details
Summary
Architectural Type
•Contemporary
Exterior Features
Exterior Features
•Brick, Masonry
Utilities
Cooling
•Central A/C, Natural Gas
Heating
•90% Forced Air, Baseboard - Hot Water, Natural Gas
Miscellaneous
Lattitude : 39.755459
Longitude : -75.560089
MLS# : DENC2090070
Views : 34
Listing Courtesy: Buzz Moran of Long & Foster Real Estate, Inc.
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Notes
Page: © 2025 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 2025 Bright MLS, Inc.
Presentation: © 2025 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.
Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. For information on those properties withheld from the internet, please call 215-699-5555
