1300 N French St, Wilmington, DE 19801

Wilmington
Local realty services provided by:ERA Reed Realty, Inc.
1300 N French St,Wilmington, DE 19801
$1,250,000
  • 16 Beds
  • 9 Baths
  • 6,513 sq. ft.
  • Single family
  • Active
Listed by: mark stape
Office: compass
MLS#:DENC2104328
Source:BRIGHTMLS

Price summary

  • Price:$1,250,000
  • Price per sq. ft.:$191.92

About this home

Exceptional opportunity to acquire an 8-unit multifamily property (with potential for a 9th unit subject to zoning) in a highly desirable downtown Wilmington location known for strong and consistent rental demand. The property offers an attractive and diverse unit mix of four 1-bedroom, three 2-bedroom, and two 3-bedroom units across 6,513 square feet. This well-balanced layout, combined with the opportunity to add a ninth unit, creates strong tenant appeal and multiple avenues for income growth. The asset has significant value-add upside through leasing the 9th unit, implementing RUBS (80% recapture assumed), and contesting the current property tax assessment of $1,478,500. Ideally situated near ChristianaCare Wilmington Hospital, with excellent accessibility via I-95, public transportation, and proximity to employment hubs, downtown amenities, and Rodney Square, the property benefits from robust tenant demand and consistent leasing activity in this established neighborhood. This...

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Home facts

  • Year built:1920
  • Listing ID #:DENC2104328
  • Added:24 day(s) ago
  • Updated:June 27, 2026 at 04:36 PM

Rooms and interior

  • Bedrooms:16
  • Total bathrooms:9
  • Full bathrooms:9
  • Basement:Yes
  • Basement Description:Partial
  • Living area:6,513 sq. ft.

Heating and cooling

  • Cooling:Central A/C
  • Heating:Electric, Heat Pump - Electric BackUp

Structure and exterior

  • Year built:1920
  • Building area:6,513 sq. ft.
  • Lot area:0.12 Acres
  • Architectural Style:Colonial
  • Construction Materials:Brick
  • Foundation Description:Stone
  • Levels:3 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,250,000
  • Price per sq. ft.:$191.92
  • Tax amount:$27,990 (2025)

Parking

  • Parking description:Off Site, On Street, Parking Lot

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