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$850,000

  • For Sale
  • Active
  • Apartment
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Exceptional opportunity to acquire a 6-unit multifamily asset with 5 garages in a highly desirable Wilmington submarket known for strong and consistent rental demand. The property offers an attractive unit mix of two 1-bedroom units and four 2-bedroom units, along with a common laundry area, creating multiple income streams and broad tenant appeal. The asset is currently generating $88,740 in annual rental income at a 6.77% cap rate, with significant upside through strategic rent increases and operational improvements. Based on current market comparables, there is an estimated $22,860 in annual rental upside, supporting a projected stabilized income of $111,600 and a 9.04% cap rate. Ideally situated with convenient access to I-95, downtown Wilmington, major employers, and local amenities, the property benefits from strong tenant demand and consistent leasing activity. This offering presents a compelling investment for both new and experienced investors seeking stable in-place cash flow with clear value-add potential. With its solid unit mix, additional income from garages and laundry, and proven rental growth in the area, this asset is well-positioned for both immediate returns and long-term appreciation.

Full Property Details for 131 W 18th St

General

  • Price: $850,000
  • Taxes: $6,098 (2025)
  • Status: Active
  • Type: Apartment
  • Source: BrightMLSPhilly
  • MLS ID: DENC2099186
  • Updated: 3/19/2026
  • Added to Site: 36 day(s) ago

Business

  • Business Type: Apartment Building

Interior

  • Flooring: Wood

Parking

  • Parking Type: On Street

Location

  • Area: Wilmington (30906)
  • County: NEW CASTLE
  • Cross Streets: West
  • Driving Directions: From I-95, take Exit 7 for DE-52/North Market Street, head north, then turn left onto W 18th Street; 131 W 18th Street will be on your left. Use GPS.
  • City Limits: Yes

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Brick
  • Foundation: Stone
  • Roof: Flat
  • Building Size: 5535
  • Year Built: 1921
  • Year Built Source: Estimated

Unit Information

  • # Tenants: Multiple
  • Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3, Unit 6

Lot Features

  • Lot Size (Acres): 0.14
  • Lot Size (Sq. Ft.): 6,098
  • Lot Size Source: Assessor
  • Lot Dimensions: 51.00 x 118.00
  • Zoning: 26R-3

Financial Considerations

  • Price Per Sq. Ft.: $153.57
  • Operating Expenses: $26,771
  • Assessment Year: 2025
  • School Tax: $3,850
  • City/TownTax: $2,015
  • City/TownTax Freq: Annually
  • County Tax: $233
  • County Tax Freq: Annually
  • Tax w/Assessment: $538,500
  • Tax Amount: $6,098
  • Tax Year: 2025
  • Owner Pays: Sewer, Water, Snow Removal, Taxes - Real Estate, Trash Collection

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 111

Listed by Compass, Mark Stape and Compass, Pamela R Meissler

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Listing agents

— 131 W 18th St —

  • Mark Stape

    Compass

  • Pamela R Meissler

    Compass

Listing Office Email: ashley.hess@compass.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 131 W 18th St

School District:Red Clay Consolidated School District
NameGradesDistance
Shortlidge (Evan G.) Academy
100 West 18th Street, Wilmington, DE 19802
K-50.1 mi
Stanton Middle School
1800 Limestone Road, Wilmington, DE 19804
6-86.3 mi
McKean (Thomas) High School
301 McKennans Church Road, Wilmington, DE 19808
8-126.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 131 W 18th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/19/2026
Listed
$850,000
8499900%
MLS
8/10/2005
Sold
$10
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 131 W 18th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,331
486%
$538,500
354%
2024
$398
-88%
$118,500
—
2023
$3,228
—
$118,500
—
2022
$3,228
-42%
$118,500
—
2021
$5,587
72%
$118,500
—
2020
$3,241
1%
$118,500
—
2017
$3,221
6%
$118,500
—
2016
$3,052
-6%
$118,500
—
2019
$3,259
15%
$118,500
—
2015
$2,823
10%
$118,500
—
2014
$2,569
2%
$118,500
—
2013
$2,530
—
$118,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 131 W 18th St

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Compass, Mark Stape and Compass, Pamela R Meissler

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131 W 18th Street, Wilmington, DE 19802 (MLS# DENC2099186) is a Apartment property. 131 W 18th Street is currently listed for $850,000 and was received on March 19, 2026. Want to learn more about 131 W 18th Street? Do you have questions about finding other Apartment real estate for sale in Brandywine Village? You can browse all Brandywine Village real estate or contact a Coldwell Banker agent to request more information.

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