1531 Delaware Avenue, Wilmington, DE 19806 - Photo 1

1/1

$501,000

Sold
Closed
Single Family
1,975 Sq. Ft.

1/1

Property Description

Photos Coming Soon!! Discover an incredible opportunity near one of Wilmington's most beloved and walkable neighborhoods - vibrant, charming Trolley Square! This well-maintained triplex offers a blend of stable rental income, future value-add potential, and unbeatable location just steps from restaurants, cafés, local shops, nightlife, and community favorites. This 3-unit property includes two currently occupied one-bedroom apartments with leases secured through August 2026 - a fantastic benefit for investors seeking immediate and predictable cash flow. The top-floor unit is ready for its next chapter, offering a blank canvas for renovation to elevate rents and maximize returns. Whether updating the two bedroom into a space to add rental income or to create the perfect owner-occupied space - the upside is all yours. Whether you're growing your investment portfolio or envisioning the perfect space to live and earn in a thriving location, this triplex checks all the boxes: income stability now with exceptional potential ahead.

Full Property Details

Full Property Details for 1531 Delaware Ave

General

Sold For: $501,000
Taxes: $6,718 (2025)
Status: Closed
Type: Single Family
Source: BrightMLSPhilly
MLS ID: DENC2093544
Added to Site: 49 day(s) ago

Rental Information

Lease Info: Yearly

Parking

Parking Type: On Street

Location

Area: Wilmington (30906)
County: NEW CASTLE
Subdivision: FORTY ACRES
Driving Directions: Use GPS
City Limits: Yes

School Information

School District: Red Clay Consolidated

Heating & Cooling

Cooling Type: Window Unit(s)
Cooling Fuel: Electric
Heating Type: Hot Water
Heating Fuel: Natural Gas
Water Heater: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Architectural Style: Victorian
Structure Type: Twin/Semi-Detached
Construction: Brick
Foundation: Block
Stories/Levels: 3
Square Feet: 1,975
Sq. Ft. Source: Assessor
Living Area: 1,975 Sq. Ft.
Finished Above Grnd: 1,975 Sq. Ft.
Year Built: 1900
Year Built Source: Assessor

Lot Features

Lot Size (Acres): 0.05
Lot Size (Sq. Ft.): 2,178
Lot Size Source: Assessor
Lot Dimensions: 16.00 x 133.30
Zoning: 26R-4

Financial Considerations

Price Per Sq. Ft.: $245.57
Assessment Year: 2025
School Tax: $4,242
City/TownTax: $2,220
City/TownTax Freq: Annually
County Tax: $256
County Tax Freq: Annually
Tax w/Assessment: $593,300
Tax Amount: $6,718
Tax Year: 2025
Terms: Standard Sale
Owner Pays: Trash Collection, Water, Sewer
Tax Total Finished Sq. Ft.: 1975

Disclosures and Reports

Ownership: Fee Simple
Lot Number: 70

Listed by Real of Pennsylvania, Marcee Kay McMullen
Sold by Long & Foster Real Estate, Inc., Andre Sean Bodiford

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Listing agent

— 1531 Delaware Ave —

Marcee Kay McMullen

Real of Pennsylvania

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Schools

Schools serving 1531 Delaware Ave

School District:Red Clay Consolidated School District

Name	Grades	Distance
Lewis (William C.) Dual Language Elementary School 920 North Van Buren Street, Wilmington, DE 19806	K-5	0.6 mi
Skyline Middle School 2900 Skyline Drive, Wilmington, DE 19808	6-8	7.1 mi
duPont (Alexis I.) High School 50 Hillside Road, Wilmington, DE 19807	9-12	2.6 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 1531 Delaware Ave

Date

Details

Price

Change

Source

12/19/2025

Sold

$501,000

3.3%

MLS

11/28/2025

Listed

$485,000

—

MLS

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

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1531 Delaware Avenue, Wilmington, DE 19806 (MLS# DENC2093544) is a Single Family property that was sold at $501,000 on December 19, 2025. Want to learn more about 1531 Delaware Avenue? 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.

1531 Delaware Ave Wilmington, DE 19806