Homes for sale - 1401 & 1403 N BROOM ST, Wilmington, DE 19806

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Brad Griffin

brad@bradleygriffin.com +1(202) 744-7722

Listed by Buzz Moran • Long & Foster Real Estate, Inc.

$ 1,995,000

Est. payment | -/mo

8,095 SqFt

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$ 1,995,000

Est. payment | -/mo

Save

8,095 SqFt

Key Details

Property Type Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Active

Purchase Type For Sale

Square Footage 8,095 sqft

Price per Sqft $246

MLS Listing ID DENC2089420

Style Colonial

Abv Grd Liv Area 8,095

Year Built 1877

Annual Tax Amount $14,139

Tax Year 2024

Lot Size 7,840 Sqft

Acres 0.18

Lot Dimensions 26.00 x 150.00

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

Property Description

Investment Opportunity – Monument Square Apartments presents a rare chance to acquire a stabilized 10-unit multifamily property in Wilmington's sought-after Trolley Square neighborhood. The asset consists of two adjoining three-story brick buildings on separate parcels, with each apartment featuring its own character and separately metered utilities. Over the past five years, ownership has invested in both cosmetic updates and key system improvements across all units, enhancing tenant appeal and reducing near-term capital needs. The property is well-positioned to provide consistent cash flow with upside through future rent growth in a high-demand submarket. For scale-minded investors, this property can also be acquired with two adjacent buildings totaling 19 additional units plus a buildable lot, offering immediate portfolio expansion in one of Wilmington's most desirable rental corridors. Full financials and package details available upon request.

Location

State DE

County New Castle

Area Wilmington (30906)

Zoning 26R-2A

Rooms

Basement Full

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Central A/C, Window Unit(s)

Fireplace N

Heat Source Natural Gas, Oil

Exterior

Utilities Available Natural Gas Available

Water Access N

Accessibility None

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Red Clay Consolidated

Others

Tax ID 26-020.20-188

Ownership Fee Simple

SqFt Source 8095

Acceptable Financing Cash, Conventional, Exchange, Negotiable

Listing Terms Cash, Conventional, Exchange, Negotiable

Financing Cash,Conventional,Exchange,Negotiable

Special Listing Condition Standard

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Brad Griffin

brad@bradleygriffin.com

+1(202) 744-7722

4800 Montgomery Lane, Bethesda, MD, 20814

1401 & 1403 N BROOM ST Wilmington, DE 19806

Brad Griffin

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1401 & 1403 N BROOM ST