1131 S Broom Street, Wilmington, DE 19805 - Photo 1

1/1

$580,000

Sold
Closed
Single Family
4,650 Sq. Ft.
2 Car Garage
Updated 8 hours ago

1/1

Property Description

Discover a rare and high-yield investment opportunity with this versatile multi-structure property situated on a single parcel in Wilmington's Cleland Heights. This unique setup features two distinct buildings, offering a great mix of four move-in ready renovations and significant value-add potential. The first structure is a two-story building housing two fully updated upper-level apartments and a large driveway offering plenty of off-street parking. These two-bedroom units feature top-to-bottom improvements, including durable LVP flooring, modern grey cabinetry, and bright white bathrooms, all supported by new 2023 HVAC systems and private in-unit laundry. Below them, a large lower-level space with existing bath presents a prime opportunity to build out a fifth unit (3-bed), a professional office, or functional garage bays. The second structure is a classic Cape Cod divided into a spacious two-bedroom unit on the main level and a three-bedroom unit on the 2nd floor. The upper unit features a private mudroom entrance, original solid hardwoods, and a kitchen with dark cabinetry, while the large lower unit has a fully renovated kitchen and an updated bathroom with marble tile surrounds. This unit can function as a 3-bed if desired by the tenants. Both Cape Cod units include their own laundry and fresh paint throughout. Further adding to the value, the Cape Cod building includes a full basement with separate gas boilers and separately metered electric, offering excellent storage or the potential for a sixth unit conversion. Whether you are looking for a solid house-hacking setup or a high-performing addition to your rental portfolio, this property delivers updated finishes and plenty of room to grow your equity in one package.

Full Property Details

Full Property Details for 1131 S Broom St

General

Sold For: $580,000
Taxes: $2,806 (2025)
Status: Closed
Type: Single Family
Source: BrightMLSPhilly
MLS ID: DENC2095232
Added to Site: 56 day(s) ago

Rental Information

Lease Info: Long Term, Month to Month

Interior

Fireplace: Yes
Number of Fireplaces: 1
Flooring: Hardwood, Luxury Vinyl Plank

Parking

Garage: Yes
Garage Spaces: 2
Total Spaces: 10
Parking Features: Concrete Driveway
Parking Type: On Street, Driveway, Attached Garage
Garage Description: Garage - Front Entry

Location

Area: Wilmington (30906)
County: NEW CASTLE
Subdivision: CLELAND HEIGHTS
Cross Streets: Maryland Ave
Driving Directions: GPS
City Limits: Yes

School Information

School District: Red Clay Consolidated

Heating & Cooling

Central air: Yes
Cooling Type: Central A/C
Cooling Fuel: Electric
Heating Type: Forced Air
Heating Fuel: Natural Gas
Water Heater: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Architectural Style: Converted Dwelling, Cape Cod, Carriage House
Structure Type: Detached
Construction: Brick
Basement: Yes
Basement Entrance: Yes
Basement Desc.: Full, Outside Entrance
Foundation: Brick/Mortar
Roof: Pitched, Shingle
Walls/Ceilings: Dry Wall
Stories/Levels: 3
Square Feet: 4,650
Sq. Ft. Source: Estimated
Living Area: 4,650 Sq. Ft.
Finished Above Grnd: 4,650 Sq. Ft.
Year Built: 1940
Year Built Source: Assessor
Property Condition: Excellent, Very Good

Unit Information

Other Units: Unit 1, Unit 2, Unit 4, Unit 3

Additional Structures

Other Structures: 2nd House

Lot Features

Lot Size (Acres): 0.21
Lot Size (Sq. Ft.): 9,148
Lot Size Source: Assessor
Lot Dimensions: 66.60 x 123.50
Zoning: NC5

Financial Considerations

Price Per Sq. Ft.: $124.73
Assessment Year: 2025
School Tax: $2,258
City/TownTax: $4
City/TownTax Freq: Annually
County Tax: $494
County Tax Freq: Annually
Tax w/Assessment: $313,600
Tax Amount: $2,806
Tax Year: 2025
Terms: Standard Sale
Owner Pays: Taxes - Real Estate, Insurance
Tax Total Finished Sq. Ft.: 2250

Disclosures and Reports

Ownership: Fee Simple
Lot Number: 341

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Meet the listing agent

— 1131 S Broom St —

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Schools

Schools serving 1131 S Broom St

School District:Red Clay Consolidated School District

Name	Grades	Distance
Richardson Park Elementary School 16 Idella Avenue, Wilmington, DE 19804	K-5	1.3 mi
duPont (Alexis I.) Middle School 3130 Kennett Pike, Greenville, DE 19807	6-8	2.3 mi
McKean (Thomas) High School 301 McKennans Church Road, Wilmington, DE 19808	8-12	5.1 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1131 S Broom St

Date

Details

Price

Change

Source

2/26/2026

Sold

$580,000

—

MLS

1/27/2026

Price Increased

$580,000

5.47%

MLS

1/11/2026

Listed

$549,900

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Updated 12 hours ago

4
Beds
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Total Baths
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Active
Updated 1 day ago

3
Beds
2
Total Baths
1,125
Sq. Ft.

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1131 S Broom Street, Wilmington, DE 19805 (MLS# DENC2095232) is a Single Family property that was sold at $580,000 on February 26, 2026. This property was listed by ShowTime Real Estate Team from our Wilmington Office.Want to learn more about 1131 S Broom Street? Do you have questions about finding other Single Family real estate for sale in Wilmington? You can browse all Wilmington real estate or contact a Coldwell Banker agent to request more information.

1131 S Broom St Wilmington, DE 19805