615 W 5TH ST Wilmington, DE 19801
UPDATED:
Key Details
Property Type Townhouse
Sub Type Interior Row/Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,775 sqft
Price per Sqft $90
Subdivision Wilm #21
MLS Listing ID DENC2096270
Style Colonial
Bedrooms 4
Full Baths 1
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 1,775
Year Built 1875
Annual Tax Amount $2,921
Tax Year 2025
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions 16.00 x 100.00
Property Sub-Type Interior Row/Townhouse
Source BRIGHT
Property Description
Investor-ready cash-flow opportunity with proven rent at $1,700/month. This property delivers an estimated $17,400 NOI ( 10.9% cap rate) with low operating expenses. Ideal for local and out-of-state investors seeking immediate income, strong returns, and upside potential. Section 8 rentals for 4 bedrooms in this neighborhood are $2,000-$2,300/month. This property is great for investors, rental ready!!
Location
State DE
County New Castle
Area Wilmington (30906)
Zoning 26R-4
Rooms
Basement Full
Interior
Hot Water Electric
Heating Wall Unit
Cooling None
Fireplace N
Heat Source Electric
Exterior
Water Access N
Accessibility None
Garage N
Building
Story 3
Foundation Stone
Above Ground Finished SqFt 1775
Sewer Public Sewer
Water Public
Architectural Style Colonial
Level or Stories 3
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Christina
Others
Senior Community No
Tax ID 26-035.10-217
Ownership Fee Simple
SqFt Source 1775
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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