816 W 8Th Street Wilmington, DE ^$ 569,000

816 W 8Th Street

^$ 569,000

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816 W 8Th Street

Wilmington, DE, 19801

^$ 569,000

Bedrooms-- Baths-- Sq 3,175

Monthly Estimate*

^$ 3,550

816 W 8Th Street, Wilmington, DE 19801 - Image 1

816 W 8Th Street, Wilmington, DE 19801 - Image 2

816 W 8Th Street, Wilmington, DE 19801 - Image 3

816 W 8Th Street, Wilmington, DE 19801 - Image 4

816 W 8Th Street, Wilmington, DE 19801 - Image 5

816 W 8Th Street, Wilmington, DE 19801 - Image 6

816 W 8Th Street, Wilmington, DE 19801 - Image 7

816 W 8Th Street, Wilmington, DE 19801 - Image 8

816 W 8Th Street, Wilmington, DE 19801 - Image 9

816 W 8Th Street, Wilmington, DE 19801 - Image 10

816 W 8Th Street, Wilmington, DE 19801 - Image 11

816 W 8Th Street, Wilmington, DE 19801 - Image 12

Commercial Property for sale in Wilmington, DE

for $569,000. This 3,175 square foot building was built in 1920 on a lot size of 0.07.

Excellent Investment Opportunity Turnkey 5-Unit Apartment Building in Wilmington A rare opportunity to acquire a fully operational, income-producing apartment building in the heart of Wilmington. This well-maintained, turnkey property features five units two spacious 2-bedroom units and three 1-bedroom units. Presently, four units are occupied, with one pending a new tenant, providing immediate cash flow. Rents are currently below market, presenting an opportunity for increased returns through rent adjustments. Most leases are month-to-month with long-term tenants. The partially finished basement offers potential for an owners office or additional storage. Property is being sold as-is and is in good overall condition. Inspections are for informational purposes only. Perfect for investors seeking strong rental demand and long-term growth potential.

Commercial Contingent

Price

^$ 569,000

Property Type

Commercial

Taxes

^$ 5,157

Style

Apartment Building

Lot Size

0.07

Year Built

1920

Town/City

Wilmington

County/Region

New Castle

MLS | Web ID

DENC2090760

Features

Interior

Heating Fuel Electric

Hot Water Electric

Heating Y/N Y

Central Air Y/N N

General

Sewer Public Sewer

Heating Baseboard - Electric

Cooling None

Possession Subject to Existing Lease

Zoning 26R-4

Construction Materials Brick

Year Built 1920

Property Subtype Five Or More Units

Tax Year 2025

Ownership Fee Simple

Cool Fuel None

Business Type Apartment Building

Accessibility None

County NEW CASTLE

New Construction N

Property Type Commercial Sale

Water Access Y/N N

Status ACTIVE UNDER CONTRACT

Directions Use GPS

City WILMINGTON

Number Of Units Total 1

MLS Area Wilmington (30906)

Lot Size Units Square Feet

Lot Size Square Feet 3049.00

Tax Annual Amount 5157.0

Price Per Sq Ft Total AG 179.21

Vacation Rental Y/N N

Standard Status Active Under Contract

Year Built Source Assessor

Legal Subdivision WILMINGTON

Tax Lot 401

Exterior

Water Source Public

Type of Parking Driveway

Water View Y/N N

Building Area Total 3175.00

Lot Dimensions 24.00 x 118.00

Lot Size Acres 0.07

Lot Size Source Assessor

Waterfront Y/N N

Land Assessed Value 47100.00

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 816

* Excluded Features

List By

Concord Realty Group

Broker

marioalvarado@verizon.net

Affordability Calculator

$3,980

Per Month

Monthly Principal & Interest: $3,550
Monthly Property Taxes: $430
Monthly Home Insurance: --

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Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Wilmington, DE

Average List Price ^$1,021,339

Percent of Sale Price 79%

About Wilmington, DE

72,929 Population

0% Since 2002

^$41,839 Median Income

36.72 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2136830 Elementary School

2137124 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
10/7/2025	$569,000		Listed Price

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816 W 8Th Street, Wilmington, DE, 19801 is a Commercial Property for sale at $569,000 with 3,175 sqft and a lot size of 0.07. 816 W 8Th Street was built in 1920. The property's zip code is 19801 which is in Wilmington, DE

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

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816 W 8Th Street

Commercial Property for sale in Wilmington, DE

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