1300 N FRENCH ST, Wilmington, DE 19801
1300 N FRENCH ST, Wilmington, DE 19801
1300 N FRENCH ST, Wilmington, DE 19801
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Listed by Mark Stape • Compass
$1,250,000
Est. payment /mo
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16 Beds
9 Baths
6,513 SqFt
New

1300 N FRENCH ST Wilmington, DE 19801

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Michelle McMaster

Michelle McMaster

+1(856) 335-5586

UPDATED:

Key Details

Property Type Single Family Home, Townhouse

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 6,513 sqft

Price per Sqft $191

Subdivision None Available

MLS Listing ID DENC2104328

Style Colonial

Bedrooms 16

Full Baths 9

HOA Y/N N

Abv Grd Liv Area 6,513

Year Built 1920

Annual Tax Amount $27,990

Tax Year 2025

Lot Size 5,227 Sqft

Acres 0.12

Lot Dimensions 16.00 x 300

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

Property 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 transportation, 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.

Location

State DE

County New Castle

Area Wilmington (30906)

Zoning 26C-3

Rooms

Basement Partial

Main Level Bedrooms 16

Interior

Hot Water Electric

Heating Heat Pump - Electric BackUp

Cooling Central A/C

Fireplace N

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Story 3

Foundation Stone

Above Ground Finished SqFt 6513

Sewer Public Sewer

Water Public

Architectural Style Colonial

Level or Stories 3

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Christina

Others

Senior Community No

Tax ID 26-029.30-088

Ownership Fee Simple

SqFt Source 6513

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOL & BUSINESS

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Michelle McMaster

Michelle McMaster

Broker | License ID: 1542221

+1(856) 335-5586

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1300 N FRENCH ST

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