131 W 18th St - Multi-Family FOR SALE


Wilmington, DE 19802- Brandywine Village
$850,000 USD
302-202-9855
131 W 18th St, Wilmington, DE for Sale
$850,000 USD
Multi-Family - FOR SALE
1/12

131 W 18th St
Wilmington, DE 19802
Brandywine Village


HIGHLIGHTS

  • 6 Unit Apartment 5,535 Sq ft with 5 Garages
  • Current Annual Income: $88,740 & Projected Annual Income: $111,600
  • In Place Cap Rate: 6.77% & Pro Forma Cap Rate: 9.04%

OVERVIEW

Exceptional opportunity to acquire a 6-unit multifamily asset with 5 garages in a highly desirable Wilmington submarket known for strong and consistent rental demand. The property offers an attractive unit mix of two 1-bedroom units and four 2-bedroom units, along with a common laundry area, creating multiple income streams and broad tenant appeal. The asset is currently generating $88,740 in annual rental income at a 6.77% cap rate, with significant upside through strategic rent increases and operational improvements. Based on current market comparables, there is an estimated $22,860 in annual rental upside, supporting a projected stabilized income of $111,600 and a 9.04% cap rate. Ideally situated with convenient access to I-95, downtown Wilmington, major employers, and local amenities, the property benefits from strong tenant demand and consistent leasing activity. This offering presents a compelling investment for both new and experienced investors seeking stable in-place cash flow with clear value-add potential. With its solid unit mix, additional income from garages and laundry, and proven rental growth in the area, this asset is well-positioned for both immediate returns and long-term appreciation.

FOR SALE DETAILS

PRICE

$850,000 USD

# OF UNITS

6

PRICE/UNIT

$141,667

CAP RATE

6.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

26R-3

APN/PARCEL ID

26-021.40-111

ASK ABOUT THIS PROPERTY

Mark StapeCompassMore Info
302-202-9855

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Mark StapeCompassMore Info
302-202-9855

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.