CHARIS REALTY GROUP

Dwelling w/Separate Living Area

940 N SPRUCE STREET

WILMINGTON, DE 19801

MLS#: DENC2109392

$295,900

Status: Active
Listing number: DENC2109392
Listing provided by: Century 21 Gold Key Realty
Listing agent phone: None
Last update: 6 hours ago
New on site 1 day ago
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Property

Beds

5

Full Baths

None

1/2 Baths

None

Year Built

1903

Sq.Footage

2,624

This end-of-row Eastside triplex presents an excellent opportunity for an investor looking to add an income-producing asset to an existing portfolio or establish a strong foundation for a new one. The property features durable masonry and heavy-timber construction, with two spacious 2-bedroom units and one 1-bedroom unit. Each unit has separate systems for heat, hot water, and electric, providing straightforward management and utility responsibility. The first-floor unit offers a private exterior entrance, while the second- and third-floor units are accessed through a shared interior staircase. The 2nd and 3rd floor units are currently occupied, providing immediate rental income and an established tenant base from day one. There is a fenced in back yard for the 1st floor unit to utilize. And also a fire escape for the 2nd and 3rd floor units. With renovations, new construction, and neighborhood investment taking place on surrounding blocks, Wilmington’s Eastside is experiencing meaningful momentum. This is an opportunity to secure an income-producing property in a community poised for continued growth and transformation. Get in while the Eastside is turning the corner!

Features & Amenities

Interior

  • Total Bedrooms

    5

  • Bathrooms

    N/A

  • Above Grade Finished Area

    2624.0

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Window Unit(s), Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Exhaust Fan, Electric, Baseboard

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Aluminum Siding, Brick

  • Parking

    On Street, Unassigned

  • Patio and Porch Features

    Enclosed

  • Pool

    No

  • Waterfront YN

    NO

  • View

    City

Area & Lot

  • Lot Features

    Back Yard

  • Lot Size(acres)

    0.03

  • Lot Size(square feet)

    1,307

  • Property Type

    Residential Income

  • Property Sub Type

    Triplex

  • Architectural Style

    Dwelling w/Separate Living Area

Price

  • Sales Price

    $295,900

  • Tax Amount

    $3,108

  • Financing Options

    Cash, Conventional, FHA, VA

  • Sq. Footage

    2,624

  • Price/SqFt

    $112

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

    515

  • Water Source

    Public

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Location

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NEW CASTLE

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Listing Courtesy of Susan Elentrio-Mahoney , Century 21 Gold Key Realty

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Agent Cara Via

AGENT

Cara Via

Call Cara today to schedule a private showing.

(301) 717-7875

homesbycaravia@gmail.com


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This end-of-row Eastside triplex presents an excellent opportunity for an investor looking to add an income-producing asset to an existing portfolio or establish a strong foundation for a new one. The property features durable masonry and heavy-timber construction, with two spacious 2-bedroom units and one 1-bedroom unit. Each unit has separate systems for heat, hot water, and electric, providing straightforward management and utility responsibility. The first-floor unit offers a private exterior entrance, while the second- and third-floor units are accessed through a shared interior staircase. The 2nd and 3rd floor units are currently occupied, providing immediate rental income and an established tenant base from day one. There is a fenced in back yard for the 1st floor unit to utilize. And also a fire escape for the 2nd and 3rd floor units. With renovations, new construction, and neighborhood investment taking place on surrounding blocks, Wilmington’s Eastside is experiencing meaningful momentum. This is an opportunity to secure an income-producing property in a community poised for continued growth and transformation. Get in while the Eastside is turning the corner!

940 N SPRUCE STREET

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