302-521-7291
1912 W 3rd St, Wilmington, DE for Sale
Apartments - FOR SALE
1/13
null | Request Cap Rate

1912 W 3rd St
Wilmington, DE 19805
Hilltop


HIGHLIGHTS

  • 8 well-maintained units
  • Fenced off-street parking/10 stalls
  • Recent capital improvements
  • Value-add opportunity
  • Potential for upside
  • Desirable Little Italy area

OVERVIEW

W 3rd & Lincoln Street presents the opportunity to acquire a well-maintained, 8-unit multifamily asset in Wilmington’s established Hilltop/Little Italy neighborhood. Constructed in 1982, the building comprises approximately 9,465 square feet on a 0.09-acre parcel and offers a mix of apartment units and on-site surface parking. The building underwent an extensive renovation in 2002 under the ownership of Tim Dewson, a highly respected local builder and contractor recognized for his craftsmanship and attention to detail. The quality of his work remains evident throughout, with construction and finishes that distinguish the asset from comparable buildings of its vintage. Its highly walkable urban setting provides convenient access to Downtown Wilmington, I-95, Trolley Square, and the Riverfront, along with nearby restaurants, shopping, and public transportation. With its manageable scale, established residential location, and opportunity for upside, W 3rd & Lincoln Street offers an attractive investment for private investors and owner-operators seeking stable cash flow with potential for continued appreciation.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

8

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3rd & Lincoln Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1982

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,641 SF

ZONING

26C-2

APN/PARCEL ID

26-026.40-092

ASK ABOUT THIS PROPERTY

Neil KilianNAI Emory Hill Real Estate Services, Inc.More Info
302-521-7291

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

Neil KilianNAI Emory Hill Real Estate Services, Inc.More Info
302-521-7291

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