409 W 8TH ST, Wilmington, DE 19801
409 W 8TH ST, Wilmington, DE 19801
409 W 8TH ST, Wilmington, DE 19801
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Listed by Cole Ciber • Compass
$595,000
Est. payment /mo
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1,742 Sqft Lot
Active

409 W 8TH ST Wilmington, DE 19801

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Austin Gardner

Austin Gardner

+1(302) 215-2165

UPDATED:

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID DENC2113332

Year Built 1899

Annual Tax Amount $5,974

Tax Year 2025

Lot Size 1,742 Sqft

Acres 0.04

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Excellent opportunity to acquire a well-maintained 6-unit multifamily property in Wilmington. The building consists of five one-bedroom apartments and one studio apartment, with the units overall in solid condition. All six units are currently occupied by paying tenants, providing an established income stream from day one. This is a straightforward addition to an investor's portfolio. With a desirable unit mix, existing tenancy, and solid overall condition, 409 W 8th Street offers investors the opportunity to acquire a stabilized multifamily asset with continued income potential. Conveniently located near downtown Wilmington, major employment centers, public transportation, shopping, dining, and area amenities. Property sq. ft. and taxes are estimated based on New Castle County records. Buyer to perform due diligence.

Location

State DE

County New Castle

Area Wilmington (30906)

Zoning 26C-4

Interior

Hot Water Natural Gas

Heating Baseboard - Electric

Cooling Window Unit(s)

Flooring Carpet, Luxury Vinyl Plank

Heat Source Electric

Exterior

Water Access N

Roof Type Flat

Street Surface Black Top

Accessibility Doors - Swing In

Garage N

Building

Foundation Stone

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Christina

Others

Tax ID 26-035.10-358

Ownership Fee Simple

Acceptable Financing Negotiable

Listing Terms Negotiable

Financing Negotiable

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOL & BUSINESS

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Austin Gardner

Austin Gardner

Realtor

+1(302) 215-2165

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