837 W 4th St, Wilmington, DE 19801
Local realty services provided by:ERA Martin Associates
Listed by: kenneth van every
Office: keller williams realty wilmington
MLS#:DENC2097812
Source:BRIGHTMLS
Price summary
- Price:$375,000
- Price per sq. ft.:$165.34
About this home
ALL OFFERS CONSIDERED, Motivated seller. Great Cash-flow investment opportunity. Cap rate of more than 10%. Fully rented grossing $4000/month. Your chance to own a profitable mixed-use investment property in the heart of the City of Wilmington. It's ready to go and has a strong rental history. The building offers an operating salon business in a 5 year lease at $1600/month. along with two 2-bedroom apartments each paying $1200/month. Total rents are a$4,000 per month, creating strong income for an investment property.
Many major systems have been replaced in recent years, including water heaters, electrical panels, windows, and many interior finishes.
The first floor salon business is highly visible entrance with signage faces 4th Street and Adam Street on this corner property. An attractive entrance leads into a comfortable waiting area for clients. Toward the back is the main salon area with room for multiple stylists to work comfortably. The lighting and layout are well suited for salon use. Further back is the wash area with two stations, spacious and well equipped. A short hall leads to an additional studio space for private styling, with chair and lighting already in place. This floor is completed by a nicely decorated half bathroom available for client use.
The apartments are accessed through a side entrance on Adams Street. The common stairway leads to the second and third floor apartments, each with its own private entrance.
The second-floor apartment currently has a good tenant in place who would like to stay and maintain the apartment well. Rent is $1,200 per month, and the tenant pays electric and gas. Third floor apartment is similar and has a new tenant in place, also paying 1$200/month. Upon entering the apartments, the first bedroom is on the left and offers a generous closet. Toward the front of the property is the second bedroom, also with a good closet. The apartment includes an updated bathroom, followed by the kitchen, which offers generous counter space, a compact refrigerator, and ample cabinetry. The kitchen could also function as a small eat-in space. At the front of the property is the living room, which benefits from excellent natural light from both sides due to the corner location.
The third-floor apartment has a very similar layout to the second floor. The unit has just been painted, updated with new flooring, and refreshed. Estimated rent is $1,200 per month. All units are currently tenant-occupied, fully rented with great cash-flow.
The basement contains separate utilities for the units, including four electrical panels (three units plus a landlord panel), three hot water heaters, and three gas furnaces, with two located in the basement and one located in a closet within the third-floor apartment. The basement also provides additional storage space.
Excellent location just off Adams Street and 4th Street. The property is walkable to the central business district, shopping, dining, convenience stores, transportation, the train station, bus routes, and many other Center City amenities.
48 hours notice required due to tenants in place....
Contact an agent
Home facts
- Year built:1983
- Subdivision & Development:WILM #21
- Listing ID #:DENC2097812
- Added:210 day(s) ago
- Updated:October 01, 2026 at 01:56 PM
Rooms and interior
- Bedrooms:4
- Rooms Total:15
- Flooring:Laminated, Luxury Vinyl Plank, Vinyl
- Kitchen Description:Built-Ins, Cooktop, Microwave, Refrigerator
- Basement:Yes
- Basement Description:Connecting Stairway
- Living area:2,268 sq. ft.
Heating and cooling
- Heating:Forced Air, Natural Gas
Structure and exterior
- Year built:1983
- Building area:2,268 sq. ft.
- Lot area:0.02 Acres
- Architectural Style:Colonial
- Construction Materials:Brick, Masonry
- Exterior Features:Sidewalks, Street Lights
Schools
- High school:NEWARK
- Middle school:BAYARD
- Elementary school:PULASKI
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$375,000
- Price per sq. ft.:$165.34
- Tax amount:$5,980 (2025)
Features and amenities
- Amenities:Built-Ins, Ceiling Fan(s), Electric Available, Insulated Windows, Natural Gas Available, Replacement Windows
Parking
- Parking description:On Street
New listings near 837 W 4th St
- Coming Soon
$425,000Coming Soon3 beds 3 baths2,275 sq. ft.102 Shinn Cir, WILMINGTON, DE 19808
MLS# DENC2112122Listed by: LONG & FOSTER REAL ESTATE, INC. - Coming Soon
$725,000Coming Soon5 beds 3 baths3,080 sq. ft.3810 Valley Brook Dr, WILMINGTON, DE 19808
MLS# DENC2112286Listed by: PATTERSON-SCHWARTZ-HOCKESSIN - Coming SoonOpen Sun, 1 to 3pm
$289,900Coming Soon3 beds 3 baths1,550 sq. ft.709 W 10th St, WILMINGTON, DE 19801
MLS# DENC2111950Listed by: LONG & FOSTER REAL ESTATE, INC. - Coming Soon
$299,900Coming Soon3 beds 1 baths1,371 sq. ft.35 Lynbrook Rd, WILMINGTON, DE 19804
MLS# DENC2112258Listed by: RE/MAX POINT REALTY - Coming Soon
$400,000Coming Soon3 beds 2 baths1,912 sq. ft.2701 Doris Dr, WILMINGTON, DE 19803
MLS# DENC2110880Listed by: BHHS FOX & ROACH - HOCKESSIN - Coming SoonOpen Sun, 1 to 3pm
$280,000Coming Soon2 beds 4 baths76 Paladin Dr #76, WILMINGTON, DE 19802
MLS# DENC2112068Listed by: CROWN HOMES REAL ESTATE - Coming Soon
$200,000Coming Soon2 beds 1 baths875 sq. ft.2713 N Jessup St, WILMINGTON, DE 19802
MLS# DENC2112216Listed by: EXP REALTY, LLC - Coming Soon
$239,000Coming Soon2 beds 2 baths1,025 sq. ft.3603-612 Hewn Ln #612, WILMINGTON, DE 19808
MLS# DENC2112190Listed by: FIRST HERITAGE REALTY ALLIANCE, LLC - Coming Soon
$379,900Coming Soon3 beds 3 baths2,450 sq. ft.5420 Pinehurst Dr, WILMINGTON, DE 19808
MLS# DENC2112142Listed by: EMPOWER REAL ESTATE, LLC - Coming SoonOpen Sat, 1 to 3pm
$285,000Coming Soon3 beds 1 baths1,175 sq. ft.2124 Gilles St, WILMINGTON, DE 19805
MLS# DENC2111568Listed by: LONG & FOSTER REAL ESTATE, INC.
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
© 2023 - 2026 ERA Franchise Systems LLC. All rights reserved. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. ERA, ERA Real Estate powered, and their respective logos are registered service marks of ERA Franchise Systems LLC. Each office is independently owned and operated.