505 N Lincoln, Wilmington, DE 19806 - Photo 1

1/1

$210,000

Sold
Closed
Townhouse
1 Bed
1 Full Bath
1 Partial Bath

1/1

Property Description

Mixed-Use Opportunity in the Heart of Wilmington's Little Italy. 505 N Lincoln is an excellent opportunity to run your business on the first floor while generating additional income from the second. This C-2 commercially zoned property offers excellent flexibility for a variety of business and professional uses. The first floor provides a versatile commercial space perfect for retail, office, or service-based businesses. Upstairs, the second floor features a well-maintained one-bedroom apartment with an open-concept layout. The kitchen flows into a spacious great room, creating a bright and adaptable living environment. A full bathroom and generous natural light complete the residential unit, which is currently occupied and generating rental income. Whether you're an owner-occupant or investor, this property offers strong potential in a vibrant neighborhood with excellent visibility and proximity to downtown Wilmington, Trolley Square, the hotspots on Union Street and major transportation routes.

Full Property Details

Full Property Details for 505 N Lincoln

General

Sold For: $210,000
Taxes: $3,057 (2025)
Status: Closed
Type: Townhouse
Source: BrightMLSPhilly
MLS ID: DENC2086818
Added to Site: 171 day(s) ago

Interior

Rooms/Areas: Primary Bedroom
Flooring: Wood, Vinyl

Rooms

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 1
Half Bathrooms: 1
Upper Floor Baths: 1
Upper - Full Baths: 1
Main Floor Baths: 1
Main - 1/2 Baths: 1

Bedrooms

Total Bedrooms: 1
Bedrooms Upper: 1
Primary Bedroom: Primary Bedroom, Unspecified

Parking

Parking Type: On Street

Location

Area: Wilmington (30906)
County: New Castle
Development Name: Little Italy
Subdivision: Little Italy
Cross Streets: 5th Street
Driving Directions: From the Elsmere vicinity, take Lincoln Street North, cross over 4th into Little Italy, then 505 is on the left
City Limits: Yes

School Information

School District: Red Clay Consolidated

Heating & Cooling

Cooling Type: None
Heating Type: Other
Heating Fuel: Other
Water Heater: Electric

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Architectural Info: Traditional
Architectural Style: Traditional
Structure Type: Interior Row/Townhouse
Construction: Brick
Basement: Yes
Basement Desc.: Unfinished
Foundation: Stone
Roof: Flat
Stories/Levels: 0
Stories Description: Main, Upper 1
Sq. Ft. Source: Estimated
Year Built: 1944
Year Built Source: Estimated

Lot Features

Lot Size (Acres): 0.04
Lot Size (Sq. Ft.): 1,600
Lot Size Source: Estimated
Zoning: C2

Financial Considerations

Assessment Year: 2025
School Tax: $2,075
City/TownTax: $793
City/TownTax Freq: Annually
County Tax: $189
County Tax Freq: Annually
Tax w/Assessment: $290,300
Tax Amount: $3,057
Tax Year: 2025
Terms: Standard Sale

Disclosures and Reports

Ownership: Fee Simple
Exclusions: Any tenant owned personal property
Inclusions: Any owner owned appliances

Listed by Pantano Real Estate Inc, Paul M Pantano
Sold by BHHS Fox & Roach - Hockessin, Michael A Walton

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Listing agent

— 505 N Lincoln —

Paul M Pantano

Pantano Real Estate Inc

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Schools

Schools serving 505 N Lincoln

School District:Red Clay Consolidated School District

Name	Grades	Distance
Warner Elementary School 801 West 18th Street, Wilmington, DE 19802	K-5	1.4 mi
duPont (H.B.) Middle School 735 Meeting House Road, Hockessin, DE 19707	6-8	7.3 mi
duPont (Alexis I.) High School 50 Hillside Road, Wilmington, DE 19807	9-12	2.5 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 505 N Lincoln

Date

Details

Price

Change

Source

11/14/2025

Sold

$210,000

-4.5%

MLS

7/30/2025

Listed

$219,900

—

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 3 days ago

3
Beds
2
Total Baths
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Single Family
Active
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4
Beds
2
Total Baths
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505 N Lincoln, Wilmington, DE 19806 (MLS# DENC2086818) is a Townhouse property that was sold at $210,000 on November 14, 2025. Want to learn more about 505 N Lincoln? Do you have questions about finding other Townhouse real estate for sale in Wilmington? You can browse all Wilmington real estate or contact a Coldwell Banker agent to request more information.

505 N Lincoln Wilmington, DE 19806