USADEWilmingtonNinth Ward131 W 18Th St
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131 W 18Th St, Wilmington, DE

House

For Sale

Listed price in listed location currency (USD).
$850,000

000

MLS® DENC2099208

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 5535 sqft
Garage 
Taxes $6,098
Days Active 33
Lot Size 
Approx. Age 1921
Avg. Price Per Sqft $153
MLS® Number DENC2099208

Property Address: 131 W 18th St, WILMINGTON, DE, 19802-4800

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberDENC2099208
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1921
BasementFull
DrivewayOn Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 19, 2026List Date
$850,000List Price
  • Commute

Commute

Starting Address
Destination Address
131 W 18Th St, Wilmington, DE

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