Under Contract

MLS: #DENC2099208, Listed By: Mark Stape, Compass, Source:Bright MLS

131 W 18th Street

WILMINGTON, DE 19802

$850,000 $3,583/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

5,535

Sqft

0.14

Acre(Lot)

Description

Exceptional opportunity to acquire a 6-unit multifamily asset with 5 garages in a highly desirable Wilmington submarket known for strong and consistent rental demand. The property offers an attractive unit mix of two 1-bedroom units and four 2-bedroom units, along with a common laundry area, creating multiple income streams and broad tenant appeal. The asset is currently generating $88,740 in annual rental income at a 6.77% cap rate, with significant upside through strategic rent increases and operational improvements. Based on current market comparables, there is an estimated $22,860 in annual rental upside, supporting a projected stabilized income of $111,600 and a 9.04% cap rate. Ideally situated with convenient access to I-95, downtown Wilmington, major employers, and local amenities, the property benefits from strong tenant demand and consistent leasing activity. This offering presents a compelling investment for both new and experienced investors seeking stable in-place cash flow with clear value-add potential. With its solid unit mix, additional income from garages and laundry, and proven rental growth in the area, this asset is well-positioned for both immediate returns and long-term appreciation.

Property Details

Property Type : Residential Income

Price : $850,000

AD Id : 76287418

MLS Id : DENC2099208

Beds : 10

Lot Size : 0.14 Acre

Living Area Size : 5,535

Year Built : 1921

County : NEW CASTLE

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 10

Room Information

Has Basement: Yes Basement: Full
Flooring Information

Wood
Roofing Information

Flat
Interior Features

Roof: Flat Appliances: Electric Water Heater
Heating & Cooling

Has Heating: Yes Heating: Electric, Baseboard Cooling: None

Building Information

Year Built: 1921 Building Area Total: 5535 Construction Materials: Brick Pool Features: None Private Pool: No

Lot Information

Lot Dimensions: 51.00 x 118.00 Lot Size Acres: 0.14 Lot Size Source: Estimated Lot Size Square Feet: 6098.4

Listing Price Information

Listing Price: $850000

Tax Information

Parcel Number: 26-021.40-111 Tax Lot: 111 Tax Year: 2025 Annual Tax: $9161.11

Parking Information

On Street

Location Information

Direction: From I-95, take Exit 7 for DE-52/North Market Street, head north, then turn left onto W 18th Street; 131 W 18th Street will be on your left. Use GPS. WaterSource: Public

Sell a home like this and save $50,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
202 W 35th Street, Wilmington, DE, 19802	$225,000	4	--	1,425	1,425 SqFt
204 W 35th Street, Wilmington, DE, 19802	$250,000	4	--	1,450	1,450 SqFt
709 W 19th Street, Wilmington, DE, 19802	$550,000	5	--	2,175	2,175 SqFt

Similar Multifamily To 131 W 18th Street

Nearby For Sale

Active

$225,000

Multifamily For Sale

202 W 35th Street,
Wilmington, DE, 19802

Bed

Sqft

Acre(Lot)

202 N Union Street,
Wilmington, DE, 19805

Bed

Sqft

Acre(Lot)

204 W 35th Street,
Wilmington, DE, 19802

Bed

Sqft

Acre(Lot)

833 N Market Street,
Wilmington, DE, 19801

Bed

Acre(Lot)

DUPLEX ON E 11th Street,
Wilmington, DE, 19801

Bed

1,325

Sqft

0.03

Acre(Lot)

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 in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. 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 closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 06/10/2026 @ 05:14

MLS: DENC2099208 LISTED BY: Mark Stape, Compass 302-202-9855 SOURCE: Bright MLS