MLS#DENC2104334
STATUSACTIVE
PROPERTY TYPECommercial -
SCHOOLCHRISTINA
Property Description
Exceptional opportunity to acquire an 8-unit multifamily property (with potential for a 9th unit subject to zoning) in a highly desirable downtown Wilmington location known for strong and consistent rental demand. The property offers an attractive and diverse unit mix of four 1-bedroom, three 2-bedroom, and two 3-bedroom units across 6,513 square feet. This well-balanced layout, combined with the opportunity to add a ninth unit, creates strong tenant appeal and multiple avenues for income growth. The asset has significant value-add upside through leasing the 9th unit, implementing RUBS (80% recapture assumed), and contesting the current property tax assessment of $1,478,500. Ideally situated near ChristianaCare Wilmington Hospital, with excellent accessibility via I-95, public transportation, and proximity to employment hubs, downtown amenities, and Rodney Square, the property benefits from robust tenant demand and consistent leasing activity in this established neighborhood. This offering presents a compelling investment for both new and experienced investors seeking stable in-place cash flow with clear, achievable value-add potential. With its diverse unit mix, strong location fundamentals, and multiple levers for income and expense optimization, 1300 N French Street is well-positioned for immediate returns and long-term appreciation in the Wilmington market.
Property Features
Property Type: Commercial -
Cooling: Central A/C
Fuel Type: Electric
Heating: Heat Pump - Electric BackUp
Lot Size: 0.12 Acres
Taxes: $27,990
Year Built: 1920
Feature Descriptions
Days on Site: 43
Exterior: Brick
Lot Dimensions: 0.12 Acre(S)
Sewer: Public Sewer
Total Garage/Parking Spaces: 0
Water: Public
Local Schools
School District: CHRISTINA
Listed By / Shown By
Listed By
Agency Name: Compass
Agency Phone: 3022029855
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
1300 N French Street | MLS# DENC2104334
This commercial property located at 1300 N French Street, Wilmington, DE 19801 is currently listed for sale with an asking price of $1,250,000. N French Street is located within the CHRISTINA school district. Search Wilmington real estate on www.realtymarkllc.com today.