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$534,000
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Property Description
Excellent Investment Opportunity - Turnkey 5-Unit Apartment Building in Wilmington A rare opportunity to acquire a fully operational, income-producing apartment building in the heart of Wilmington. This well-maintained, turnkey property features five units - two spacious 2-bedroom units and three 1-bedroom units. Presently, four units are occupied, with one pending a new tenant, providing immediate cash flow. Rents are currently below market, presenting an opportunity for increased returns through rent adjustments. Most leases are month-to-month with long-term tenants. The partially finished basement offers potential for an owner's office or additional storage. Property is being sold as-is and is in good overall condition. Inspections are for informational purposes only. Perfect for investors seeking strong rental demand and long-term growth potential.
Full Property Details
Full Property Details for 816 W 8th St
General
- Sold For: $534,000
- Taxes: $5,157 (2025)
- Status: Closed
- Type: Multi-Family
- Source: BrightMLSPhilly
- MLS ID: DENC2090758
- Added to Site: 147 day(s) ago
Parking
- Total Spaces: 4
- Parking Type: Driveway
Location
- Area: Wilmington (30906)
- County: NEW CASTLE
- Driving Directions: Adams Street to 8th property on corner on Adam and 8th
- City Limits: Yes
School Information
- School District: Christina
Heating & Cooling
- Cooling Type: Other
- Cooling Fuel: Electric
- Heating Type: Baseboard - Electric
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Traditional
- Structure Type: Other
- Construction: Brick
- Square Feet: 3,175
- Sq. Ft. Source: Assessor
- Living Area: 3,175 Sq. Ft.
- Finished Above Grnd: 3,175 Sq. Ft.
- Year Built: 1920
- Year Built Source: Assessor
Unit Information
- Other Units: Unit 1, Unit 2
Lot Features
- Lot Size (Acres): 0.07
- Lot Size (Sq. Ft.): 3,049
- Lot Size Source: Assessor
- Lot Dimensions: 24.00 x 118.00
- Zoning: 26R-4
Financial Considerations
- Price Per Sq. Ft.: $179.21
- Assessment Year: 2025
- School Tax: $3,449
- City/TownTax: $1,531
- City/TownTax Freq: Annually
- County Tax: $177
- County Tax Freq: Annually
- Tax w/Assessment: $409,300
- Tax Amount: $5,157
- Tax Year: 2025
- Terms: Standard Sale
- Tax Total Finished Sq. Ft.: 3175
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 401
Listed by Concord Realty Group, Manuel M Alvarado and Concord Realty Group, Tia A Gianakis
Sold by EXP Realty, LLC, Jemimah E. Chuks
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Schools
Schools serving 816 W 8th St
School District:Christina School District
| Name | Grades | Distance |
|---|---|---|
The Bayard School 200 South Dupont Street, Wilmington, DE 19805 | 6-8 | 0.8 mi |
Stubbs Early Education Center 1100 North Pine Street, Wilmington, DE 19801 | K-5 | 0.9 mi |
Christiana High School 190 Salem Church Road, Newark, DE 19713 | 9-12 | 9.3 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 816 W 8th St
Date
Details
Price
Change
Source
1/28/2026
Sold
$525,000
-7.73%
MLS
10/07/2025
Listed
$569,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
816 W 8th Street, Wilmington, DE 19801 (MLS# DENC2090758) is a Multi-Family property that was sold at $534,000 on January 28, 2026. Want to learn more about 816 W 8th Street? Do you have questions about finding other Multi-Family real estate for sale in Wilmington? You can browse all Wilmington real estate or contact a Coldwell Banker agent to request more information.

