1300 N French Street

WILMINGTON, DE 19801

$1,250,000 $5,270/Mo

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Overview

Bed

Bath

6,513

Sqft

0.12

Acre(Lot)

Description

Exceptional opportunity to acquire an 8-unit multifamily property (with potential for a 9th unit subject to zoning) in a highly desirable downtown Wilmington location known for strong and consistent rental demand. The property offers an attractive and diverse unit mix of four 1-bedroom, three 2-bedroom, and two 3-bedroom units across 6,513 square feet. This well-balanced layout, combined with the opportunity to add a ninth unit, creates strong tenant appeal and multiple avenues for income growth. The asset has significant value-add upside through leasing the 9th unit, implementing RUBS (80% recapture assumed), and contesting the current property tax assessment of $1,478,500. Ideally situated near ChristianaCare Wilmington Hospital, with excellent accessibility via I-95, public transportat ion, and proximity to employment hubs, downtown amenities, and Rodney Square, the property benefits from robust tenant demand and consistent leasing activity in this established neighborhood. This offering presents a compelling investment for both new and experienced investors seeking stable in-place cash flow with clear, achievable value-add potential. With its diverse unit mix, strong location fundamentals, and multiple levers for income and expense optimization, 1300 N French Street is well-positioned for immediate returns and long-term appreciation in the Wilmington market.

Property Details

Property Type : Residential

Price : $1,250,000

AD Id : 80024051

MLS Id : DENC2104328

Beds : 16

Lot Size : 0.12 Acre

Living Area Size : 6,513

Year Built : 1920

County : NEW CASTLE

Subdivision: None Available

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 16

Bathroom Information

Total Baths: 9 Full Baths: 9

Room Information

Has Basement: Yes Basement: Partial
Interior Features

Appliances: Electric Water Heater
Heating & Cooling

Has Heating: Yes Heating: Electric, Heat Pump Has Cooling: Yes Cooling: Central Air, Electric

Building Information

Year Built: 1920 Building Area Total: 6513 Construction Materials: Brick Pool Features: None Private Pool: No

Lot Information

Lot Dimensions: 16.00 x 300 Lot Size Acres: 0.12 Lot Size Source: Estimated Lot Size Square Feet: 5227

Property Information

Subdivision: NONE AVAILABLE Source Property Type: Residential Postal Code Plus 4: 3216 Property SubType: Townhouse Levels: Three Or More Property Age: 106

Listing Price Information

Listing Price: $1250000

Tax Information

Parcel Number: 26-029.30-088 Tax Lot: 088 Tax Year: 2025 Annual Tax: $27990

Parking Information

On Street, Off Site, Parking Lot

Location Information

Direction: . WaterSource: Public

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Nearby Home Value

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