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$569,000

  • For Sale
  • Under Contract
  • Multi-Family
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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 for 816 W 8th St

General

  • Price: $569,000
  • Taxes: $5,157 (2025)
  • Status: Under Contract
  • Type: Multi-Family
  • Source: BrightMLSPhilly
  • MLS ID: DENC2090758
  • Updated: 12/17/2025
  • Added to Site: 102 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
  • 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

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Listing agents

— 816 W 8th St —

  • Manuel M Alvarado

    Concord Realty Group

  • Tia A Gianakis

    Concord Realty Group

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 816 W 8th St

School District:Christina School District
NameGradesDistance
The Bayard School
200 South Dupont Street, Wilmington, DE 19805
6-80.8 mi
Stubbs Early Education Center
1100 North Pine Street, Wilmington, DE 19801
K-50.9 mi
Christiana High School
190 Salem Church Road, Newark, DE 19713
9-129.3 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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/12/2025
Sold
$525,000
-7.73%
MLS
10/07/2025
Listed
$569,000
1287.8%
MLS
2/03/2017
Sold
$41,000
—
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 for 816 W 8th St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,758
3%
$47,700
—
2023
$1,714
1%
$47,700
—
2022
$1,697
-35%
$47,700
—
2021
$2,605
62%
$47,700
—
2020
$1,605
21%
$47,700
—
2017
$1,330
-5%
$47,700
—
2019
$1,396
—
$47,700
—
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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NMLS#: 1598647

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Listed by Concord Realty Group, Manuel M Alvarado and Concord Realty Group, Tia A Gianakis

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816 W 8th Street, Wilmington, DE 19801 (MLS# DENC2090758) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 816 W 8th Street is currently listed for $569,000 and was received on October 07, 2025. 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.

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