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120 N Lincoln Street

Wilmington, DE 19805

– beds
– baths
1,300 sqft
1,307 sqft lot
$142 per sqft
1920 build

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Welcome to 120 North Lincoln Street, a two unit apartment building. This is your chance to have someone else pay your mortgage, live in the first floor and rent the second floor. Also great for an investor to add to their portfolio or the new investor looking to start their portfolio with great cash flow. Both units have separate electric, separate heat and hot water. Walk into the first floor unit with an open concept. The living room boasts laminate floors with a nicely designed kitchen that has recently been renovated. The breakfast bar is the perfect spot for morning coffee for you or your new tenant. The bedroom has new carpeting and the bathroom has new flooring as well. There is direct access to the back yard which is fenced in for privacy. The second floor unit is currently occupied with a tenant that has been there for several years and would like to stay. The second floor unit has a newer heater in the unit as well as central air conditioning. It is a one bedroom apartment with an eat in kitchen. The bedroom is a nice sized room off of the generously sized living room. The building has lots of upgrades including some new windows, newer heaters, newer water heater. The first floor unit is currently not occupied, making it easy for you to place your new tenant at market rent or move in and let the second floor unit pay your mortgage. The exterior of the building has recently been painted and looks great. This is a great location close to shops, restaurants and parks.

Listing courtesy of BRIGHT / EXP Realty, LLC

Last checked: Checking… • Last updated Jan 13, 2025 •

MLS# DENC2072032 —

The Building

Year Built:

1920
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Frame, Brick
Building Units Total:

1
Structure Type:

Interior Row/Townhouse
Architectural Style:

Other
Accessibility Features:

None
Foundation Details:

Stone
Basement:

Yes
Basement Type:

Full
Total SqFt Source:

Assessor
Total Below Grade SqFt Source:

Assessor
Tax Total Finished SqFt:

1300

Interior

Flooring Type:

Fully Carpeted, Vinyl
Fireplace:

No
Living Area SqFt Source:

Assessor

Room Dimensions

Total SqFt:

1300
Living Area SqFt:

1,300 Sqft

Financial & Terms

Sale Type:

Standard
Acceptable Financing:

Conventional, FHA 203(b)
Buyer Financing:

Cash
Possession:

0-30 Days CD, Immediate

Location

Directions:

Lancaster ave to Lincoln st
Cross Street:

LANCASTER AVE.
Latitude:

39.74693680
Longitude:

-75.57281494

The Property

Property Type:

Multi-Family
Property Subtype:

Duplex
Lot Size Units:

Square Feet
Lot Size Acres:

0.03
Lot Size Source:

Assessor
Lot Size Dimensions:

14.00 x 81.00
Lot Dimensions Source:

Assessor
Lot SqFt:

1,307 Sqft
Exclusions:

Tenants personal property
Zoning:

26R-4
In City Limits:

Yes
Other Structures:

Above Grade, Below Grade
Water View:

No
Waterfront:

No
Water Oriented:

No
Water Access:

No
Navigable Water:

No
Tidal Water:

No
Ground Rent Exists:

No
Riparian Rights:

No

Listing Agent

Contact info:

Taxes

Tax ID Number:

26-026.40-284
Tax Year:

2022
Tax Lot:

284
Tax Annual Amount:

$1,368
Tax Assessed Value:

$29,900
Year Assessed:

2022
School Tax:

738.0
County Tax:

75.00
City/Town Tax:

555.00
Total Taxes Payment Frequency:

Annually

The Listing

Close Sale Type:

Standard Sale

Heating & Cooling

Cooling Type:

Central A/C
Central Air:

Yes
Cooling Fuel:

Electric
Heating:

Yes
Heating Type:

Forced Air
Heating Fuel:

Natural Gas

Utilities

Sewer/Septic:

Public Sewer
Hot Water:

Natural Gas
Water Source:

Public

Schools

School District Name:

Red Clay Consolidated
School District Source:

Listing Agent

The Community

Subdivision Name:

Little Italy
Exterior Features:

Sidewalks
Pool:

No Pool

Parking

Garage:

No
Type of Parking:

On Street

Extra Units

Other Units:

Unit 1,Unit 2
Vacation Rental:

No
One Bedroom Units:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
1/10/25 Jan 10, 2025	Sold	BRIGHT	$185,000	-5.1%
12/12/24 Dec 12, 2024	Sold Subject To Contingencies	BRIGHT	$195,000
11/18/24 Nov 18, 2024	Listed / Active	BRIGHT	$195,000

Multifamily Sold on 1/10/2025

$185,000

Listing provided by broker:

Erik Bashford

EXP Realty, LLC

de.broker@exprealty.net

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Listing Courtesy of: BRIGHT and EXP Realty, LLC.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. BRIGHT MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.

120 N Lincoln Street

Wilmington, DE 19805