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Sold

1531 DELAWARE AVENUE

1531 DELAWARE AVENUE, WILMINGTON, DE 19806

$501,000
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, cafes, 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.

Studio

1,975 Sq.Ft. LIVING AREA

2,178 Sq.Ft. lot

Marcee Mcmullen

Marcee Mcmullen

Features & Amenities

Area & Lot

  • Status Sold
  • Date Sold December 19, 2025
  • Living Area1,975 Sq.Ft.
  • Total Area1,975 Sq.Ft.
  • Lot Area2,178 Sq.Ft.
  • MLS® IDDENC2093544
  • TypeMulti-Family
  • YEAR BUILT1900
  • NeighborhoodWayne
  • Architecture StylesVictorian
  • School DistrictRED CLAY CONSOLIDATED

Exterior

  • STORIES3
  • water SourcePublic
  • PoolNo Pool
  • parkingOn Street
  • HEAT TYPEHot Water
  • AIR CONDITIONINGWindow Unit(s)
  • sewerPublic Sewer
  • SubstructureBlock
  • Disability Features2 Access Exits

Financial

  • Sales Price$501,000
  • Real Estate Tax $6,718/yr
  • Zoning 26R-4

Wayne

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Marcee takes the time to understand what matters most before building a strategy around it. From thoughtful preparation and strong marketing to research, negotiation, and trusted connections, every detail is handled with care.

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