816 W 8TH ST Wilmington, DE 19801
UPDATED:
Key Details
Property Type Commercial
Sub Type Five Or More Units
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID DENC2090760
Year Built 1920
Annual Tax Amount $5,157
Tax Year 2025
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 24.00 x 118.00
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
A rare opportunity to acquire a fully operational, income-producing apartment building in the heart of Wilmington. This well-maintained, turnkey property features five units – two spacious 2-bedroom units and three 1-bedroom units.
Presently, four units are occupied, with one pending a new tenant, providing immediate cash flow. Rents are currently below market, presenting an opportunity for increased returns through rent adjustments. Most leases are month-to-month with long-term tenants.
The partially finished basement offers potential for an owner's office or additional storage. Property is being sold as-is and is in good overall condition. Inspections are for informational purposes only.
Perfect for investors seeking strong rental demand and long-term growth potential.
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-4
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Heat Source Electric
Exterior
Garage Spaces 4.0
Water Access N
Accessibility None
Total Parking Spaces 4
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Christina
Others
Tax ID 26-027.40-401
Ownership Fee Simple
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
- 9
Odyssey Charter School
Public | KG - 6
- 6
Lombardy Elementary School
Public | KG - 5
- 5
Kuumba Academy Charter School
Public | KG - 6
- 4
William C. Lewis Dual Language Elementary School
Public | KG - 5
- 2
First State School
Public | KG - 12
- 2
Edison (Thomas A.) Charter School
Public | KG - 8
- 2
Harlan (David W. ) Elementary School
Public | KG - 5
- 2
East Side Charter School
Public | KG - 8
- 1
Baltz (Austin D.) Elementary School
Public | PK - 5
- 1
Richardson Park Elementary School
Public | KG - 5
- 1
Pulaski (Casimir) Elementary School
Public | PK - 5
- 1
Highlands Elementary School
Public | KG - 5
- 1
Warner Elementary School
Public | KG - 5
- 0
All Saints Catholic School
Private | PK - 8
- 0
Richardson Park Learning Center
Public | PK - 5
- 0
High Road School of Delaware
Private | 4 - 12
- 0
Douglass School
Public | KG - 12
- 0
Harvest Christian Academy - Wilmington
Private | PK - 7
- 0
Tower Hill School
Private | PK - 12
- 0
Zion Early Education Center
Private | PK - KG
- 9
Calloway (Cab) School of the Arts
Public | 6 - 12
- 8
Conrad Schools of Science
Public | 6 - 12
- 5
Howard High School of Technology
Public | 8 - 12
- 5
Dupont (Pierre S.) Middle School
Public | 6 - 8
- 1
Dupont (Alexis I.) Middle School
Public | 6 - 8
- 0
Bayard Middle School
Public | 6 - 8
- 0
Moyer (Maurice J.) Academy
Public | 6 - 12
- 10
Charter School of Wilmington
Public | 9 - 12
- 7
Delaware Military Academy
Public | 9 - 12
- 5
Dupont (Alexis I.) High School
Public | 9 - 12
- 0
St Elizabeth High School
Private | 9 - 12
- 0
Padua Academy
Private | 9 - 12
- 0
Salesianum School
Private | 9 - 12
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