131 W 18th Street, Wilmington, DE 19802 - Photo 1

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$850,000

For Sale
Active
Single Family
5,535 Sq. Ft.

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Property Description

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

Full Property Details for 131 W 18th St

General

Price: $850,000
Taxes: $6,098 (2025)
Status: Active
Type: Single Family
Source: BrightMLSPhilly
MLS ID: DENC2099208
Updated: 3/19/2026
Added to Site: 15 day(s) ago

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

School Information

School District: Red Clay Consolidated

Heating & Cooling

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

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Architectural Style: Colonial
Structure Type: Detached
Construction: Brick
Basement: Yes
Basement Desc.: Full
Foundation: Stone
Roof: Flat
Square Feet: 5,535
Sq. Ft. Source: Estimated
Living Area: 5,535 Sq. Ft.
Finished Above Grnd: 5,535 Sq. Ft.
Year Built: 1921
Year Built Source: Estimated

Unit Information

Other Units: Unit 1, Unit 1

Lot Features

Lot Size (Acres): 0.14
Lot Size (Sq. Ft.): 6,098
Lot Size Source: Estimated
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

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NMLS#: 1598647

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Schools

Schools serving 131 W 18th St

School District:Red Clay Consolidated School District

Name	Grades	Distance
Shortlidge (Evan G.) Academy 100 West 18th Street, Wilmington, DE 19802	K-5	0.1 mi
Stanton Middle School 1800 Limestone Road, Wilmington, DE 19804	6-8	6.3 mi
McKean (Thomas) High School 301 McKennans Church Road, Wilmington, DE 19808	8-12	6.4 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

Tax History for 131 W 18th St

Year

Property Taxes

Change

Tax Assessment

Change

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.

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131 W 18th Street, Wilmington, DE 19802 (MLS# DENC2099208) is a Single Family property with 0 bedrooms and 0 full bathrooms. 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 Single Family 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.

131 W 18th St Wilmington, DE 19802