CHARIS REALTY GROUP

Colonial

1220 W 4TH STREET

WILMINGTON, DE 19805

MLS#: DENC2105976

$359,900

Status: Active
Listing number: DENC2105976
Listing provided by: BHHS Fox & Roach-Greenville
Listing agent phone: None
Last update: 6 days ago
On site: 6 days ago
Browse Properties
NONE AVAILABLE - Residential Income

Property

Beds

4

Full Baths

None

1/2 Baths

None

Year Built

1900

Sq.Footage

2,275

Investor Opportunity - Income Producing Triplex in the Heart of Wilmington! Don't miss this rare opportunity to own a well-maintained triplex in the City of Wilmington. This income producing property is an excellent addition to any investment portfolio, with strong rental potential and a convenient central location. The first floor unit is a 1-bedroom, 1 bathroom apartment currently rented for $ 1,050/month, the second-floor unit is a 2-bedroom, 1 bathroom apartment has a new renter starting August 1 generating $ 1,100/month, and the third floor unit is a 2-bedroom, 1 bathroom apartment currently vacant but was previously rented for $ 1200/month, offering immediate upside for additional income. New roof December 2025, new boiler and updated electrical and flooring February 2025. Ideally situated just minutes from Amtrak, I-95, downtown Wilmington, shopping, restaurants and other local amenities, this property offers both convenience and strong rental appeal. Whether you're looking to expand your investment portfolio or purchase a propery with immediate cash flow and value-add potential, this triplex is an opportunity you won't want to miss. Schedule your showing today and take advantage of this competitively priced investment propery!

Features & Amenities

Interior

  • Total Bedrooms

    4

  • Bathrooms

    N/A

  • Above Grade Finished Area

    2275.0

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    None, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric, Hot Water

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.04

  • Lot Size(square feet)

    1,742

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

  • Architectural Style

    Colonial

Price

  • Sales Price

    $359,900

  • Tax Amount

    $2,876

  • Sq. Footage

    2,275

  • Price/SqFt

    $158

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Other

  • Sewer

    Public Sewer

  • Tax Lot

    519

  • Water Source

    Public

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Location

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NEW CASTLE

Elementary School

Middle School

High School

Listing Courtesy of Jennifer J Lee , BHHS Fox & Roach-Greenville

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Agent Blake Haegele

AGENT

Blake Haegele

Call Blake today to schedule a private showing.

(240) 315-8599

blake@charisrealty.com


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Investor Opportunity - Income Producing Triplex in the Heart of Wilmington! Don't miss this rare opportunity to own a well-maintained triplex in the City of Wilmington. This income producing property is an excellent addition to any investment portfolio, with strong rental potential and a convenient central location. The first floor unit is a 1-bedroom, 1 bathroom apartment currently rented for $ 1,050/month, the second-floor unit is a 2-bedroom, 1 bathroom apartment has a new renter starting August 1 generating $ 1,100/month, and the third floor unit is a 2-bedroom, 1 bathroom apartment currently vacant but was previously rented for $ 1200/month, offering immediate upside for additional income. New roof December 2025, new boiler and updated electrical and flooring February 2025. Ideally situated just minutes from Amtrak, I-95, downtown Wilmington, shopping, restaurants and other local amenities, this property offers both convenience and strong rental appeal. Whether you're looking to expand your investment portfolio or purchase a propery with immediate cash flow and value-add potential, this triplex is an opportunity you won't want to miss. Schedule your showing today and take advantage of this competitively priced investment propery!

1220 W 4TH STREET

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