$485,000

1531 DELAWARE AVE, Wilmington, DE 19806

  • 1,975 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon2,178sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $246/sqft
  • Property List Date Icon Listed 17 days ago

Property Description

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, cafés, 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.

Listing Status:
Pending
Date Added:
November 28, 2025 at 06:00AM
Listing Office:
Real of Pennsylvania : 8554500442
Listing Agent:
Marcee Kay McMullen : 6103685860
MLS ID:
DENC2093544
  • A/C: Window Unit(s)
  • Heating: Hot WaterNatural Gas
  • Disability Feature: 2+ Access Exits
  • General: Above GradeBelow Grade
  • Style: Victorian
  • General: BrickBlock
  • Originating MLS: BRIGHT_MAIN
  • School District: RED CLAY CONSOLIDATED
  • County: NEW CASTLE-DE
  • Zoning: 26R-426-020.20-070
  • Water: Public
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN

This listing courtesy of Marcee Kay McMullen, Real of Pennsylvania

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Highlands Elementary School

2100 Gilpin Ave, Wilmington, DE, 19806

Grades KG-5

0.41 miles away

F

First State School

501 W 14th St, Wilmington, DE, 19801

Grades 2-12

0.72 miles away

F

First State School

501 W 14th St, Wilmington, DE, 19801

Grades 2-12

0.72 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.