1531 Delaware Avenue, Wilmington, DE 19806
- $501,000
- 1,975
- SqFt
- Sold Price
- $501,000
- List Price
- $485,000
- Closing Date
- Dec 19, 2025
- Days on Market
- 4
- Status
- CLOSED
- MLS#
- DENC2093544
- Living Area
- 1,975
- Lot Size (Acres)
- 0.05
- Style
- Victorian
- Year Built
- 1900
- County
- New Castle
- School District
- Red Clay Consolidated
Property Description
Photos Coming Soon!! Discover an incredible opportunity near one of Wilmington’s most beloved and walkable neighborhoods — vibrant, charming Trolley Square! This well-maintained triplex offers a blend of stable rental income, future value-add potential, and unbeatable location just steps from restaurants, cafés, local shops, nightlife, and community favorites. This 3-unit property includes two currently occupied one-bedroom apartments with leases secured through August 2026 — a fantastic benefit for investors seeking immediate and predictable cash flow. The top-floor unit is ready for its next chapter, offering a blank canvas for renovation to elevate rents and maximize returns. Whether updating the two bedroom into a space to add rental income or to create the perfect owner-occupied space — the upside is all yours. Whether you’re growing your investment portfolio or envisioning the perfect space to live and earn in a thriving location, this triplex checks all the boxes: income stability now with exceptional potential ahead.
Additional Information
- Area
- Wilmington (30906)
- Subdivision
- Forty Acres
- Taxes
- $6718
- Stories
- 3
- School District
- Red Clay Consolidated
- Heating
- Hot Water
- Heating Fuel
- Natural Gas
- Cooling
- Window Unit(s)
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Real of Pennsylvania. Contact:
Selling Office: .