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

1/1

$825,000

Sold
Closed
Single Family
5,535 Sq. Ft.

1/1

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

Sold For: $825,000
Taxes: $9,161 (2025)
Status: Closed
Type: Single Family
Source: BrightMLSPhilly
MLS ID: DENC2099208
Added to Site: 163 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: $5,671
City/TownTax: $3,138
City/TownTax Freq: Annually
County Tax: $351
County Tax Freq: Annually
Tax w/Assessment: $538,500
Tax Amount: $9,161
Tax Year: 2025
Terms: Standard Sale
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
Sold by Long & Foster Real Estate, Inc., Michael J McCullough

What's Your Home Worth?

* Indicates a required field

For a complimentary comparative market analysis, please contact us so we can discuss your home's value.

Your Property Information

Address optional

City *State *

Zip Code optional

Your Contact Information

First Name *Last Name *

Email Address *

Phone Number *

Comment *

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Submit, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

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

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

Date

Details

Price

Change

Source

7/31/2026

Sold

$825,000

-2.94%

MLS

3/19/2026

Listed

$850,000

—

MLS

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

101 Primrose Ln, Carneys Point, NJ 08069 - Photo 1

Just Listed

$289,777

101 Primrose Ln Carneys Point, NJ 08069

Single Family
Active
Updated 1 hour ago

3
Beds
1
Total Bath
1,184
Sq. Ft.

Listed by Weichert Realtors-Mullica Hill, Mary Anne McIntyre

Just Listed

135 E Main St Penns Grove, NJ 08069

Commercial Lease
Active

Listed by American Dream Realty of South Jersey, Yashdeep Singh

N Broad & W Harmony, Penns Grove, NJ 08069 - Photo 1

Just Listed

$30,000

N Broad & W Harmony Penns Grove, NJ 08069

Lots/Land
Active
Updated 2 days ago

1.01
Acres

Listed by American Dream Realty of South Jersey, KIMBERLY MURRAY

71 New St, Penns Grove, NJ 08069 - Photo 1

Just Listed

$199,900

71 New St Penns Grove, NJ 08069

Single Family
Active
Updated 20 hours ago

2
Beds
1
Total Bath
700
Sq. Ft.

Listed by CG Realty, LLC, Andrew M. Kraft and CG Realty, LLC, Griffin Michael Rego

324 Olga Rd, Elsmere, DE 19805 - Photo 1

324 Olga Rd Elsmere, DE 19805

Single Family
Active
Updated 3 days ago

3
Beds
1
Total Bath
1,248
Sq. Ft.

Listed by Keller Williams Realty Wilmington, Kenneth Van Every and Keller Williams Realty Wilmington, Brittany Ann McCorriston

19 Howard St, Carneys Point, NJ 08069 - Photo 1

Price Reduced

-$10,100 (-2.38%)

$414,900

19 Howard St Carneys Point, NJ 08069

Single Family
Active
Updated 2 days ago

4
Beds
3
Total Baths
2,450
Sq. Ft.

Listed by Redfin, Shenna Hines

39 Maplewood Ave, Carneys Point, NJ 08069 - Photo 1

Price Reduced

-$5,000 (-1.96%)

$249,900

39 Maplewood Ave Carneys Point, NJ 08069

Single Family
Active
Updated 2 days ago

4
Beds
1
Total Bath
1,167
Sq. Ft.

Listed by S. Kelly Real Estate LLC, Michele Kelly

57 E Quilleytown Rd, Carneys Point, NJ 08069 - Photo 1

Price Reduced

-$2,000 (-1.83%)

$107,000

57 E Quilleytown Rd #119 Carneys Point, NJ 08069

Mobile Home
Active
Updated 1 day ago

2
Beds
2
Total Baths

Listed by Keller Williams Prime Realty, Brittany B. Lopez

131 W 18th Street, Wilmington, DE 19802 (MLS# DENC2099208) is a Single Family property that was sold at $825,000 on July 31, 2026. Want to learn more about 131 W 18th 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.

131 W 18th St Wilmington, DE 19802