1401 & 1403 N Broom St, Wilmington, DE 19806

Wilmington
Local realty services provided by:ERA Valley Realty
1401 & 1403 N Broom St,Wilmington, DE 19806
$1,995,000
  • 9 Beds
  • - Baths
  • 8,095 sq. ft.
  • Multi-family
  • Pending
Listed by: buzz moran, jordan oncay
Office: long & foster real estate, inc.
MLS#:DENC2089420
Source:BRIGHTMLS

Price summary

  • Price:$1,995,000
  • Price per sq. ft.:$246.45

About this home

Investment Opportunity – Monument Square Apartments presents a rare chance to acquire a stabilized 10-unit multifamily property in Wilmington’s sought-after Trolley Square neighborhood. The asset consists of two adjoining three-story brick buildings on separate parcels, with each apartment featuring its own character and separately metered utilities. Over the past five years, ownership has invested in both cosmetic updates and key system improvements across all units, enhancing tenant appeal and reducing near-term capital needs. The property is well-positioned to provide consistent cash flow with upside through future rent growth in a high-demand submarket. For scale-minded investors, this property can also be acquired with two adjacent buildings totaling 19 additional units plus a buildable lot, offering immediate portfolio expansion in one of Wilmington’s most desirable rental corridors. Full financials and package details available upon request.

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Home facts

  • Year built:1877
  • Listing ID #:DENC2089420
  • Added:331 day(s) ago
  • Updated:November 14, 2025 at 08:39 AM

Rooms and interior

  • Bedrooms:9
  • Basement Description:Full
  • Living area:8,095 sq. ft.

Heating and cooling

  • Cooling:Central A/C, Window Unit(s)
  • Heating:Hot Water, Natural Gas, Oil

Structure and exterior

  • Year built:1877
  • Building area:8,095 sq. ft.
  • Lot area:0.18 Acres
  • Architectural Style:Colonial
  • Construction Materials:Brick
  • Foundation Description:Stone

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,995,000
  • Price per sq. ft.:$246.45
  • Tax amount:$14,139 (2024)

Features and amenities

  • Amenities:Natural Gas Available

Parking

  • Parking description:On Street

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