816 W 8th St, Wilmington, DE 19801

Local realty services provided by:ERA Valley Realty
816 W 8th St,Wilmington, DE 19801
$569,000
  • 7 Beds
  • - Baths
  • 3,175 sq. ft.
  • Multi-family
  • Pending
Listed by: manuel m alvarado, tia a gianakis
Office: concord realty group
MLS#:DENC2090758
Source:BRIGHTMLS

Price summary

  • Price:$569,000
  • Price per sq. ft.:$179.21

About this home

Excellent Investment Opportunity – Turnkey 5-Unit Apartment Building in Wilmington A rare opportunity to acquire a fully operational, income-producing apartment building in the heart of Wilmington. This well-maintained, turnkey property features five units – two spacious 2-bedroom units and three 1-bedroom units. Presently, four units are occupied, with one pending a new tenant, providing immediate cash flow. Rents are currently below market, presenting an opportunity for increased returns through rent adjustments. Most leases are month-to-month with long-term tenants. The partially finished basement offers potential for an owner’s office or additional storage. Property is being sold as-is and is in good overall condition. Inspections are for informational purposes only. Perfect for investors seeking strong rental demand and long-term growth potential.

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Home facts

  • Year built:1920
  • Listing ID #:DENC2090758
  • Added:91 day(s) ago
  • Updated:January 07, 2026 at 11:10 AM

Rooms and interior

  • Bedrooms:7
  • Living area:3,175 sq. ft.

Heating and cooling

  • Heating:Baseboard - Electric, Electric

Structure and exterior

  • Year built:1920
  • Building area:3,175 sq. ft.
  • Lot area:0.07 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$569,000
  • Price per sq. ft.:$179.21
  • Tax amount:$5,157 (2025)

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