1401 N BROOM ST, Wilmington, DE 19806

Property Description

Investment Opportunity – Monument Square Apartments presents a rare chance to acquire a stabilized 10-unit multifamily property in Wilmington’s sought-after Trolley Square neighborhood. The asset consists of two adjoining three-story brick buildings on separate parcels, with each apartment featuring its own character and separately metered utilities. Over the past five years, ownership has invested in both cosmetic updates and key system improvements across all units, enhancing tenant appeal and reducing near-term capital needs. The property is well-positioned to provide consistent cash flow with upside through future rent growth in a high-demand submarket. For scale-minded investors, this property can also be acquired with two adjacent buildings totaling 19 additional units plus a buildable lot, offering immediate portfolio expansion in one of Wilmington’s most desirable rental corridors. Full financials and package details available upon request.

Listing Status:

Pending

Listing Office:

Long & Foster Real Estate, Inc. : 3023515000

Listing Agent:

Buzz Moran : 3027406529

MLS ID:

DENC2093086

Interior

• A/C: Central A/CWindow Unit(s)
• Heating: Hot WaterNatural GasOil
• Disability Feature: None

Construction

• General: BrickStone

Location

• Originating MLS: BRIGHT_MAIN
• School District: RED CLAY CONSOLIDATED
• County: NEW CASTLE-DE

Lot

• Zoning: 26R-2A26-020.20-188

Utilities

• Utilities: Natural gas available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN

This listing courtesy of Buzz Moran, Long & Foster Real Estate, Inc.