USADEWilmingtonTrolley Square1400 &Amp; 1408 Delaware Avenue
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$2,200,000

For Sale

9 days ago

1400 & 1408 Delaware Avenue, Wilmington, DE

MLS® DENC2112384

0 Bed

0 Bath

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  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $14,953
Days Active 8
Approx. Age 1900
MLS® Number DENC2112384

Property Address: 1400 & 1408 Delaware Avenue, WILMINGTON, DE, 19806

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

Description

Investment Opportunity – Monument Square Apartments | Trolley Square, Wilmington, DE Monument Square Apartments presents a rare opportunity to acquire a stabilized 8-unit multifamily asset along with a buildable lot in the heart of Wilmington’s highly desirable Trolley Square neighborhood. Two separate parcels, a lot approved for 4-6 units and an apartment building Uniquely renovated and designed, with individually metered utilities, providing operational efficiency and tenant autonomy. Current ownership has invested in comprehensive improvements over the past five years, including both cosmetic upgrades and essential system enhancements across all units. These capital improvements have elevated the asset’s marketability while significantly reducing near-term maintenance exposure. The property is cash-flow positive with strong in-place income and additional upside potential through future rent growth in a supply-constrained, high-demand submarket. The adjacent buildable lot offers capacity for 4–6 new two-bedroom units, presenting a valuable expansion or development opportunity. Financials, rent roll, and development schematics available upon request.
MLS® NumberDENC2112384
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1900
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat90% Forced Air, Baseboard - Hot Water, Natural Gas
A/CCentral A/C, Natural Gas

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 2, 2026List Date
$2,200,000List Price
  • Commute

Commute

Starting Address
Destination Address
1400 & 1408 Delaware Avenue, WILMINGTON, DE

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