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MLS: #DENC2097812, Listed By: Kenneth Van Every, Keller Williams Realty Wilmington, Source:Bright MLS

837 W 4th Street

WILMINGTON, DE 19801

$380,000 $1,602/Mo

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Overview

Bed

Bath

2,268

Sqft

0.02

Acre(Lot)

Description

Cash-flow investment opportunity. 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 excellent opportunity for a first-floor (previously salon) along with two 2-bedroom apartments. Total rents are approximately $4,000 per month, creating strong income potential 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 was previously a hair salon and is very nicely laid out. A 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. Upon entering the apartment, 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.

Property Details

Property Type : Residential Income

Price : $380,000

AD Id : 75920483

MLS Id : DENC2097812

Beds : 4

Lot Size : 0.02 Acre

Living Area Size : 2,268

Year Built : 1983

County : NEW CASTLE

Subdivision: Wilm #21

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 4

Room Information

Rooms Total: 15 Has Basement: Yes
Flooring Information

Laminate, Vinyl
Interior Features

Ceiling Fan(s), Built-in Features Appliances: Gas Water Heater, Cooktop, Microwave, Refrigerator Window Features: Insulated Windows
Heating & Cooling

Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Ceiling Fan(s), None

Building Information

Year Built: 1983 Building Area Total: 2268 Construction Materials: Brick Pool Features: None Private Pool: No View: Street

Lot Information

Lot Dimensions: 14.00 x 60.00 Lot Size Acres: 0.02 Lot Size Source: Assessor Lot Size Square Feet: 871

Property Information

Subdivision: WILM #21 Source Property Type: Residential Income Postal Code Plus 4: 2080 Property SubType: Triplex Property Age: 43

Listing Price Information

Listing Price: $380000

Tax Information

Parcel Number: 26-034.20-386 Tax Lot: 386 Tax Year: 2025 Annual Tax: $5980

Parking Information

On Street

School Information

Elementary School: PULASKI

Junior High School: BAYARD

Senior High School: NEWARK
Utility Information

Natural Gas Available, Sewer Available, Electricity Available
Location Information

Direction: Via route I-95N. Turn left to Take exit 6 for DE-4/Maryland Ave toward M.L. King Jr Blvd. Continue to N to 4th Adams st. building on the Corner. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
DUPLEX ON E 11th Street, Wilmington, DE, 19801	$125,000	3	--	1,325	1,325 SqFt
516 E 11th Street, Wilmington, DE, 19801	$228,009	2	--	1,600	1,600 SqFt
1310 N French Street, Wilmington, DE, 19801	$315,000	3	--	1,896	1,896 SqFt
833 N Market Street, Wilmington, DE, 19801	$1,100,000	8	--	--
703 N West Street, Wilmington, DE, 19801	$499,900	7	--	3,150	3,150 SqFt
902 N Madison Street, Wilmington, DE, 19801	$439,900	6	--	4,250	4,250 SqFt
801 W 9th Street, Wilmington, DE, 19801	$395,000	6	--	2,875	2,875 SqFt
715 W 8th Street, Wilmington, DE, 19801	$279,000	4	--	1,750	1,750 SqFt
1014 N Adams Street, Wilmington, DE, 19801	$319,000	4	--	1,425	1,425 SqFt

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ByOwner last updated this listing 06/15/2026 @ 17:20

MLS: DENC2097812 LISTED BY: Kenneth Van Every, Keller Williams Realty Wilmington 302-299-1100 SOURCE: Bright MLS