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1001 & 1003 W. 8th St. W 8Th Street Wilmington, DE $ 1,050,000
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1001 & 1003 W. 8th St. W 8Th Street
$ 1,050,000
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1001 & 1003 W. 8th St. W 8Th Street

Wilmington, DE, 19806
$ 1,050,000
Bedrooms-- Baths-- Sq 4,350

Monthly Estimate*

$ 6,465

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Commercial Property for sale in Wilmington, DE

for $1,050,000. This 4,350 square foot building was built in 1889 on a lot size of 0.11.

Welcome to Cool Springs, located on the Westside of the City of Wilmington! Proximity to highways, places of worship, educational facilities, and moments to hot spots in Trolley Square, Union Street, and the Central Business district downtown, this is right in the middle of it all! Nine unit apartment building comprised of two structures with separate entrances with a common access basement is ready for its next operator. 1001 offers four units while 1003 offers five. A sliver of off street parking rounds out the amenities for tenants and management alike. An eclectic mix of modern and functional units that afford a cozy lifestyle for tenants. Separate systems make operation dynamics a breeze and keep owner expenses to a minimum. Excellent opportunity for some value add projects while repositioning of rents to increase cash flow and maximize return on investment. Could be the cornerstone of a performing portfolio, or a healthy addition to a scaled operation. A unique opportunity in a desirable locale for the smart investor to capitalize on!

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Commercial Active

Price

$ 1,050,000

Property Type

Commercial

Taxes

$ 8,065

Style

Apartment Building

Lot Size

0.11

Year Built

1889

Town/City

Wilmington

County/Region

New Castle

MLS | Web ID

DENC2099042
Features
Interior
Heating Fuel Electric Natural Gas
Flooring Carpet Laminate Plank
Hot Water Electric Natural Gas
Total Stories 3
Heating Y/N Y
Central Air Y/N Y
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General
Sewer Public Sewer
Heating Forced Air Heat Pump - Electric BackUp Hot Water & Baseboard - Electric
Cooling Ceiling Fan(s) Central A/C
Possession Immediate
Roof Flat
Zoning 26R-3
Construction Materials Brick
Exclusions Tenant Personal Property
Year Built 1889
Electric 200+ Amp Service Circuit Breakers
Property Subtype Five Or More Units
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Business Type Apartment Building
Accessibility None
County NEW CASTLE
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions Pennsylvania Ave. towards the City of Wilmington. Right onto N. Jackson St. Right onto W. 8th St. End at subject on the right hand corner.
City WILMINGTON
Disclosures Lead Based Paint - State Radon
Number Of Units Total 9
MLS Area Wilmington (30906)
Lot Size Units Square Feet
Lot Size Square Feet 4935.00
Tax Annual Amount 8065.21
Property Condition Good
Price Per Sq Ft Total AG 241.38
Acceptable Financing Cash Exchange Private Wrap
Lease Considered Y/N N
Vacation Rental Y/N N
Location Type Urban
Standard Status Active
Year Built Source Estimated
Legal Subdivision WILMINGTON
Tax Lot 292
Total Actual Rent 93048.00
Association Recreation Fee N
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Exterior
Water Source Public
Inclusions As Shown
Type of Parking Driveway On Street
Foundation Details Stone
Water View Y/N N
Building Area Total 4350.00
Lot Dimensions 47x105
Lot Size Acres 0.11
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 274200.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 1001
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* Excluded Features
List By
Pantano Real Estate Inc

Broker

jphurley27@gmail.com

Email

Affordability Calculator

$7,137
Per Month
91%
9%
0%
Monthly Principal & Interest
$6,465
Monthly Property Taxes
$672
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/18/2026$1,050,000 Listed Price

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1001 & 1003 W. 8th St. W 8Th Street, Wilmington, DE, 19806 is a Commercial Property for sale at $1,050,000 with 4,350 sqft and a lot size of 0.11. 1001 & 1003 W. 8th St. W 8Th Street was built in 1889. The property's zip code is 19806 which is in Wilmington, DE

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