940 North Spruce Street Wilmington, DE 19801

$295,900
0.03
Acres
2,624
SQFT
113
$/SQFT
$295,900
2,624   sf
$113 / sf
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active
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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!

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!

  • Neighborhood
  • Type
  • County
    New Castle
  • Area
    New Castle/Red Lion/Del.City
  • Tax Amount
    $3,108
  • Status
    Active
  • Listing #
    DENC2109392
  • Built
    1903
  • Lot Size
    0.03
  • Listed on site
    5 days
  • Listing Agent Id
    1700001410460

Listed by:
Century 21 Gold Key Realty

Source:
BRIGHT MLS

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Property details

Community Features

  • No HOA
  • No Adult Community

Property Features

  • No Builder Restrictions
  • Gas Utilities
  • Sewer

View

  • City view

Exterior features

  • No Pool
  • Basement

Interior Features

  • Carpet Floors
  • Heat Electric

Style

  • End Unit

Property History

DateDays AgoEventNew Price
Aug 20, 20264 days agoPrice increased21,000 (7%)$295,900
Aug 19, 20265 days agoNew on market$274,900
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