513 N Broom Street
Wilmington, DE 19805
- – beds
- – baths
- 2,425 sqft
- 2,614 sqft lot
- $162 per sqft
- 1890 build
Are you looking for a turn-key investment property that produces an immediate return on investment? If so, come see this fully occupied, 3-unit apartment building that is conveniently located near the Wilmington Riverfront, downtown employers, the Wilmington Train Station and easy access to I-95. Rarely available, this building has been well maintained by the current owners and features one 1 bedroom apartment and two 2 bedroom apartments. All apartments feature central air conditioning and each unit is separately metered for gas and electric services. Tenants pay their own utilities and the landlord pays the utilities for the common areas (basement and foyer), lawn/grounds care, property taxes and building insurance. Please see income and expense sheet for additional information. Notable updates include NEW HVAC systems for Units 1 & 2 (2023), NEW HVAC system for Unit 3 (2024), Newer Roof (2021), New Hot Water Heaters for Units 1 & 2 (2022), Unit 2 Remodeled (2023) and Unit 3 Remodeled (2024). The kitchens in the remodeled units feature GRANITE countertops. The property also comes with a coin-operating washer and dryer in the basement that are currently used by the tenants. Producing approximately $4,000 a month, this is a solid investment property with good rental history. You don’t want to miss this one! Although this property has been well maintained, property is being sold in “as is” condition.
Last checked:
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Last updated Mar 11, 2025
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MLS# DENC2077178 —
The Building
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Year Built:1890
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Year Built Source:Assessor
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New Construction:No
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Construction Materials:Brick, Stucco
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Building Units Total:3
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Structure Type:Twin/Semi-Detached
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Architectural Style:Traditional
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Accessibility Features:None
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Foundation Details:Stone
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Basement:Yes
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Basement Type:Unfinished
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Total SqFt Source:Assessor
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Total Below Grade SqFt Source:Assessor
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Tax Total Finished SqFt:2425
Interior
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Fireplace:No
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Living Area SqFt Source:Assessor
Room Dimensions
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Total SqFt:2425
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Living Area SqFt:2,425 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Conventional, Cash
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Possession:Immediate
Location
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Directions:From I-95 Northbound, Take Delaware Avenue Exit. Left on W. 10th Street. Right on N. Broom Street to 513.
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Cross Street:W. 6th Street
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Latitude:39.74771881
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Longitude:-75.56511688
The Property
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Property Type:Multi-Family
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Property Subtype:Triplex
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Lot Size Units:Square Feet
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Lot Size Acres:0.06
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Lot Size Source:Assessor
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Lot Size Dimensions:34.00 x 80.00
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Lot Dimensions Source:Assessor
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Lot SqFt:2,614 Sqft
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Exclusions:Tenant's Personal Property
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Zoning:26R-3
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In City Limits:Yes
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (302) 559-5402
- Office phone:
- (302) 477-3900
Taxes
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Tax ID Number:26-027.30-281
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Tax Year:2024
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Tax Lot:281
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Tax Annual Amount:$2,472
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Tax Assessed Value:$48,900
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Year Assessed:2024
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School Tax:1300.0
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County Tax:123.00
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City/Town Tax:1049.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Central A/C
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Central Air:Yes
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Forced Air
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Appliances
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Appliances:Dryer, Range Hood, Refrigerator, Stainless Steel Appliances, Stove, Washer, Water Heater
Schools
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School District Name:Red Clay Consolidated
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School District Source:Listing Agent
The Community
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Exterior Features:Sidewalks
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Pool:No Pool
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Municipal Trash:Yes
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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# of Units:2
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Other Units:Unit 1,Unit 2,Unit 3
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Vacation Rental:No
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Units Furnished:None
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One Bedroom Units:1
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Two Bedroom Units:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/9/25
Mar 9, 2025
|
Listed / Active | BRIGHT | $395,000 |