Commercial C-4 zoned, 3-story mixed-use building located in the heart of Wilmington’s Central Business District. Positioned along one of the city’s most prominent and walkable corridors, this property offers an exceptional opportunity for an owner-occupant or investor. Surrounded by major financial institutions, corporate offices, government buildings, restaurants, and retail, the location provides outstanding visibility and accessibility. The first floor features the well-known Sterling Grille restaurant and will be conveyed with all equipment, fixtures, and furniture included — delivering a true turnkey opportunity. The space may be owner-occupied or leased, with retail and office uses also permitted under C-4 zoning. Above are two residential income-producing units: a spacious 2BR/2BA apartment on the second floor and a 1BR/1BA apartment on the third floor. Both units offer central air and in-unit washer/dryers and present strong rental potential in this prime downtown location. Convenient access to I-95 and major roadways. Property is being conveyed in AS-IS condition. An outstanding opportunity for an owner-operator or investor seeking long-term value in Wilmington’s commercial core. *There 2 historic photos represent the original set up of the restaurant and doesn`t reflect the current condition.
Presenting to you the Historic Farmers Mutual Building in Downtown Wilmington, DE, this mixed-use piece of real estate, with 26C-3 zoning, is equipped with approvals for a 57-seat restaurant and a lower-level speakeasy. Share the neighborhood with household names such as La Fia, Bardea, Le Cavalier and more. Upstairs: 4 fully occupied two-bedroom apartments. Renovated in 2020, these industrial-chic floorplans display 15 ft ceilings, exposed brick, plus open duct, beam and woodwork for a lofted, urban appeal. Situated on a main commerce street among Christiana Care, Widener Law and the city’s corporate hub. Generating upwards of $91,000 in annual residential revenue, the pro forma projects a prospective double-digit capitalization rate with an establishment in place. Done with love, reach out for details on the brand-new plumbing, HVAC and electrical fit-out with separated systems. For those who have lost hope in real returns, for business operators, and for investors looking to complete an exchange, this is an optimal addition to your portfolio.
Calling All Investors! Don’t miss this beautifully maintained two-unit apartment building featuring two spacious 1-bedroom units. This property has been meticulously cared for and offers the added benefit of long-term tenants who have called these units home for decades — providing stability and consistent rental history. Ideally located just a short walk to Wilmington’s vibrant downtown business district and only a few blocks from Market Street’s popular shops and restaurants. With quick access to I-95 and Route 202, this property offers both convenience and strong rental appeal. A prime opportunity to add a well-maintained, income-producing asset to your portfolio!
Mixed-use, multi-family property offering strong redevelopment potential. The existing structure includes one commercial unit, three residential apartments, and a detached two-car garage. The property is commercially zoned. Property sustained fire damage affecting y two units however the entire property requires significant repairs or full rehabilitation. This presents an excellent opportunity for an investor or developer to rehab and reposition the existing building, tear down and rebuild a new multi-unit structure, or redevelop the site into several townhomes, subject to zoning and municipal approvals. Ideal for value-add investors seeking a project with upside in a mixed-use or residential redevelopment strategy. Property is being sold as-is. Buyer to conduct all due diligence regarding zoning, permits, and redevelopment options. Sale is based on land value, no property entry is offered. Agent has equitable interest.
Step into a compelling investment opportunity at 409 W 20th Street in Wilmington, DE, a stately all-brick, detached 1915 home perfectly suited for duplex living and income flexibility. Ideally located just one house off Baynard Boulevard and close to the heart of the city, this property combines size, charm, and versatility in a highly desirable setting. The home is configured as two completely separate 2-bedroom apartments, each with its own private entrance—ideal for long-term tenants, furnished rentals for travel nurses or interns, multi-generational living, or owner-occupancy. Unit 1 is currently leased through 6/30/26 while Unit 2 is fully furnished and vacant, offering immediate flexibility to lease, explore short-term rental options, or occupy yourself. Both units feature in-unit laundry, with a full-size laundry room on the second floor and basement laundry for the first-floor unit. The spacious first-floor apartment offers approximately 1,378 sq ft, while the second-floor unit spans about 922 sq ft. Beautiful hardwood floors run throughout, complemented by original solid wood front doors with vintage mail slots and many preserved historic details that add timeless character. Outdoor living truly sets this property apart, featuring a large private second-floor roof deck for Unit 2 and a charming shared front porch. The property also includes two legal off-street parking spaces in the rear, a rare and valuable amenity for city living. All systems are separate, and new windows were installed in 2023, adding efficiency and peace of mind. Please note: one of the prior owners allowed the non-conforming duplex use permit to lapse. To maintain legal duplex status, a buyer will need to reapply and complete the city approval process. The city has not expressed concern with the current use. With its exceptional size, classic architecture, flexible layout, and prime Wilmington location near dining, shopping, and local attractions, this property offers strong fundamentals with lifestyle appeal. Whether you’re a seasoned investor or entering the multifamily market, this is a rare opportunity with significant upside. Schedule your showing today and seize the potential.
Welcome to 203 Silview in the quiet but conveniently located neighborhood of Silview! This is a one of a kind opportunity for savvy value seekers or those looking for multi generational housing. This two unit detached home has been redone top to bottom and is ready for its new owners. Step inside to be greeted by brand new flooring, lighting, paint and more. The kitchen has been newly remodeled as well, all bedrooms are pristine. In the spacious back yard of the home you will find the stairs to the upstairs unit which has also been totally redone. The yard is fenced, and also features bilco doors to the basement .
Welcome to Trinity Vicinity in the City of Wilmington! A classical community brimming with character and charm thanks to an eclectic mix of colonial and victorian architectural style. This end of row, corner building consists of three, 1 bedroom apartments with modern and functional floorplans. Common entrance with three story staircase cycles you through the building. First floor unit with basement access is currently occupied. Second and third floor units are vacant and rental ready! Excellent opportunity for the aspiring investor to purchase and start screening for tenants. All mechanical systems are split thanks to three gas fired hot water tanks, separate gas and electric meters/panels, and electric baseboard heat to keep you toasty in the cooler months upon us. Whether you are an aspiring investor or a seasoned operator, this is a solid building in a desirable location with many lifestyle conveniences for your tenants to enjoy. Start the New Year off right with a multi-family investment property!
Welcome to 203 Silview in the quiet but conveniently located neighborhood of Silview! This is a one of a kind opportunity for savvy value seekers or those looking for multi generational housing. This two unit detached home has been redone top to bottom and is ready for its new owners. Step inside to be greeted by brand new flooring, lighting, paint and more. The kitchen has been newly remodeled as well, all bedrooms are pristine. In the spacious back yard of the home you will find the stairs to the upstairs unit which has also been totally redone. The yard is fenced, and also features bilco doors to the basement .
Nice updated triplex close to business, nightlife and restaurants. Updated, fully leased 3 unit building. Two 2 bedroom units and one efficiency. Property in very good condition. Tenant pays all utilities including electric, heat and hot water. Owner pays sewer and water. Total gross cash flow is approximately $39,000 year. Estimated CAP rate is 10%. Very nice building and easy to rent, Would be a wonderful addition to any portfolio.
Discover a rare and high-yield investment opportunity with this versatile multi-structure property situated on a single parcel in Wilmington’s Cleland Heights. This unique setup features two distinct buildings, offering a great mix of four move-in ready renovations and significant value-add potential. The first structure is a two-story building housing two fully updated upper-level apartments and a large driveway offering plenty of off-street parking. These two-bedroom units feature top-to-bottom improvements, including durable LVP flooring, modern grey cabinetry, and bright white bathrooms, all supported by new 2023 HVAC systems and private in-unit laundry. Below them, a large lower-level space with existing bath presents a prime opportunity to build out a fifth unit (3-bed), a professional office, or functional garage bays. The second structure is a classic Cape Cod divided into a spacious two-bedroom unit on the main level and a three-bedroom unit on the 2nd floor. The upper unit features a private mudroom entrance, original solid hardwoods, and a kitchen with dark cabinetry, while the large lower unit has a fully renovated kitchen and an updated bathroom with marble tile surrounds. This unit can function as a 3-bed if desired by the tenants. Both Cape Cod units include their own laundry and fresh paint throughout. Further adding to the value, the Cape Cod building includes a full basement with separate gas boilers and separately metered electric, offering excellent storage or the potential for a sixth unit conversion. Whether you are looking for a solid house-hacking setup or a high-performing addition to your rental portfolio, this property delivers updated finishes and plenty of room to grow your equity in one package.
Add to or start your portfolio of rental properties in Wilmington or live in one and rent the other. This is a 2 unit rental with gas and electric split out. Please note - there are no gas utilities being used at this time but the option is there. Foundation under much of the 1st floor has been re-built with permits and engineering. Cause was a bathroom leak that is resolved and all new material is in place making the unit solid. Because of this the first floor also has a brand new bath built with permits 2nd & 3rd 1/4 of 2025. First floor tenants do want to stay so it comes with instant income. 2nd floor tenants are in the process of buying a home. We can find a new tenant for upstairs or deliver vacant. Both units are 2 bedrooms with 1 bath a living room and a kitchen. First floor unit has basement access from inside the building. Basement can also be accessed from the back of the building. Allow tenants to use it or block it off and rent it for extra income. Please note pictures before basement photos are the 1st floor unit and pictures after the basement photos are the 2nd floor unit.
This multi-level home offers solid rental potential or a full redesign opportunity for the savvy investor. The property features two units with at least bedrooms, each with closet space, plus a living or dining area, a full bathroom with a tub, and a kitchen equipped with a refrigerator and range. Window A/C units are included. Upstairs, you’ll find a second kitchen with access to a rear porch, another full bathroom with a tub, and two additional bedrooms with closets. On the 3rd level you will find two additional bedrooms with closet space. With multiple living areas and two full baths throughout, the layout provides flexibility for a potential multi-unit conversion or a reimagined single-family floor plan with 6 bedrooms! The property requires a full renovation and is being sold as-is. Bring your vision, your contractor, and transform this space to meet today’s rental or resale demand. Hot water heater and heater are in non working condition. No warranties expressed or implied. Note on Images: This listing includes both actual photos of the current condition and conceptual renderings designed to help visualize a potential remodel. Rendered images are digital illustrations only and are not representative of the property’s existing condition.
Duplex right on Union Street! Cash producing property features an occupied commercial unit downstairs with long term tenants, and a well maintained occupied full one bedroom residential apartment upstairs. Both units are in good condition. The property is a great buy for any buy and hold investor, or a savvy occupant buyer looking for a house-hack opportunity.
IMMEDIATE CASH FLOW! Excellent opportunity to own a fully leased duplex featuring two identical 3-bedroom, 1-bath units, Section 8 approved, in a convenient Wilmington location near Delaware Technical Community College, shopping, dining, and major commuter routes. Both units offer eat-in kitchens, ample storage, off-street parking, and separate utilities, providing flexibility for investors seeking a reliable, income-producing property. With long-term tenants in place, this property delivers immediate and consistent rental income, making it ideal for adding to an investment portfolio or securing long-term cash flow. Combined monthly rental income totals $2,850. Recent improvements include new heating systems installed in 2024 for both units, along with a new refrigerator in Unit 1 (2024). Well maintained and consistently occupied, this turnkey duplex benefits from strong rental demand and presents an excellent opportunity for steady income now and into the future.
Welcome to West Center City! Located in the heart of down town Wilmington affording a true Urban lifestyle that includes walking distance to some of the finest restaurants in the State, proximity to interstate highways, large employer base of the City, the Riverfront in all it's glory, and more! This left side duplex is ready for its next owner to either add to an existing portfolio or become the cornerstone of one. Two, 2 bedroom units with 1 full bathroom has been professionally gutted and rebuilt in it's past to create a modern layout coupled with a flexible lifestyle. Separate systems ensure that tenants can dial in their own temperatures and energy consumption, while operators are not on the hook for major monthly expenses. While this building is a three story, only two of them are being utilized, providing a value add to increase the number of bedrooms and possibly bathrooms depending for the second floor units, thus creating a larger and more valuable income stream. Currently both units are occupied so you'll be purchasing immediate cash flow. While this property can be sold on its own, it makes more sense to buy 604 at the same time, thus controlling the entire structure and having your own free standing apartment building as a result. Perfect opportunity to deploy a DSCR loan product and either add to or start your investment journey!
Welcome to West Center City! Located in the heart of down town Wilmington affording a true Urban lifestyle that includes walking distance to some of the finest restaurants in the State, proximity to interstate highways, large employer base of the City, the Riverfront in all it's glory, and more! This left side duplex is ready for its next owner to either add to an existing portfolio or become the cornerstone of one. Two, 2 bedroom units with 1 full bathroom has been professionally gutted and rebuilt in it's past to create a modern layout coupled with a flexible lifestyle. Separate systems ensure that tenants can dial in their own temperatures and energy consumption, while operators are not on the hook for major monthly expenses. While this building is a three story, only two of them are being utilized, providing a value add to increase the number of bedrooms and possibly bathrooms depending for the second floor units, thus creating a larger and more valuable income stream. Currently only the first floor unit is occupied, so now would be a perfect time to insert a set of steps and fit out the third floor for your next tenant. While this property can be sold on its own, it makes more sense to buy 606 at the same time, thus controlling the entire structure and having your own free standing apartment building as a result. Perfect opportunity to deploy a DSCR loan product and either add to or start your investment journey!
A Triplex right on Market Street. Lots of potential for Investment Options. Have a Business in the First-Floor Open space flat , 2-bedroom apartment with a living room , kitchen and bathroom on 2nd floor and one bedroom apartment on 3rd floor. Buyer responsible for all due diligence for zoning / uses. 3rd floor apartment is ready for your updating , first and 2nd floors still need to be finished. A great investment for the right person to build equity quickly . Cash, hard money or renovation loan to get this one. Each floor has separate gas meter, water meters , and heat in place. Best to show before 4pm . Sellers are considering all offers and ready to negotiate.
Investor Alert!!! Great Opportunity to own a Multi Unit Building close to Wilmington's Riverfront! Extra Large building with endless possibilities! You have to see it for yourself. Owners have completed the demolition and it is ready to be renovated! This is a big time money maker. Do not miss out on this opportunity. Book your showing now.
Wilmington is located in Delaware. Wilmington, Delaware has a population of 70,926. Wilmington is less family-centric than the surrounding county with 16.24% of the households containing married families with children. The county average for households married with children is 27.86%.
The median household income in Wilmington, Delaware is $49,354. The median household income for the surrounding county is $78,428 compared to the national median of $69,021. The median age of people living in Wilmington is 36.3 years.
The average high temperature in July is 86.1 degrees, with an average low temperature in January of 25.2 degrees. The average rainfall is approximately 44.7 inches per year, with 13 inches of snow per year.
