Unlock the potential of this 4-unit multifamily property located in the heart of Wilmington. The first-floor unit is currently leased, providing immediate income, while the remaining three units have been gutted and are ready for renovation, offering investors the opportunity to create significant value and maximize future cash flow. This three-story brick building features approximately 2,967 square feet and sits on a sizable lot. Whether you're looking to complete a full repositioning project, or add to your rental portfolio, this property offers a blank canvas with strong upside potential. Conveniently located near downtown Wilmington, major employers, transportation, shopping, and dining. Buyer to perform their own due diligence regarding zoning, permits, building codes, square footage, property taxes, and intended use.

    Source: BRIGHT MLS, MLS#: DENC2101346

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    • Property Type
      Residential
    • Lot
      0.06 acres

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    Patty Lewis-Jenkins

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    • Median Age
      33
    • Population Density
      3,370
    • College Educated
      23%
    • Estimated Median Income
      $33,410
    • Estimated Total Home Owners
      1,970
    • Estimated Total Renters
      5,061
    • Owner / Renter Divide
      28% / 72%
    • Estimated Average Household Size
      2
    • Total Population
      17,447
    • Community data courtesy of LiveBy, Inc.

    Owning this Home

    $
    $ %
    %
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    Life at 802 N WASHINGTON STREET


    Schools


    School data courtesy of LiveBy, Inc.
    Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.
    Listing provided courtesy of Compass- MLS# DENC2101346MLS ProviderContact Information: [email protected] - 3022029855

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