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5 Winston Avenue Wilmington, DE $ 1,200,000
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5 Winston Avenue
$ 1,200,000
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5 Winston Avenue

Wilmington, DE, 19804
$ 1,200,000
Bedrooms-- Baths-- Sq 8,000

Monthly Estimate*

$ 7,389

5 Winston Avenue, Wilmington, DE 19804 - Image 1
5 Winston Avenue, Wilmington, DE 19804 - Image 2
5 Winston Avenue, Wilmington, DE 19804 - Image 3
5 Winston Avenue, Wilmington, DE 19804 - Image 4
5 Winston Avenue, Wilmington, DE 19804 - Image 5
5 Winston Avenue, Wilmington, DE 19804 - Image 6
5 Winston Avenue, Wilmington, DE 19804 - Image 7
5 Winston Avenue, Wilmington, DE 19804 - Image 8

Commercial Property for sale in Wilmington, DE

for $1,200,000. This 8,000 square foot building was built in 1950 on a lot size of 0.17.

Conveniently located just outside the city of Wilmington on public transportation, this apartment building is a steady cash flow property to add to your real estate portfolio. Current owner has managed this building for over 30 years. You have eight one bedroom apartment with separate utilities, off street parking for each unit, washer and dryer area for convenience and extra income and three of the units have recently been updated in the last 18 months. Tenants have been selectively screened, no late payment issues. If you are looking for a great property that is next to Richardson Park just outside the city, this is the one. Easy to view, call for your private tour today !!!!!

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Commercial Active

Price

$ 1,200,000

Property Type

Commercial

Taxes

$ 6,205

Style

Apartment Building

Lot Size

0.17

Year Built

1950

Town/City

Wilmington

County/Region

New Castle

MLS | Web ID

DENC2100924
Features
Interior
Heating Fuel Natural Gas
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N N
Entry Level 1
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General
Sewer Public Sewer
Heating Baseboard - Hot Water
Cooling None
Utilities Natural Gas Available Electric Available
Possession Negotiable
Roof Asbestos Shingle
Zoning NC5
Construction Materials Brick
Exclusions Tenant Possessions
Year Built 1950
Property Subtype Five Or More Units
Tax Year 2025
Ownership Fee Simple
Cool Fuel None
Gross Income 105588.00
Business Type Apartment Building
Accessibility None
County NEW CASTLE
Net Operating Income 89305.00
Insurance Expense 3221.00
New Construction N
Property Type Commercial Sale
Subdivision Name RICHARDSON PARK
Water Access Y/N N
Status ACTIVE
Directions GPS
City WILMINGTON
Number Of Units Total 8
MLS Area Wilmington (30906)
Lot Size Units Square Feet
Lot Size Square Feet 7405.00
Tax Annual Amount 6205.0
Trash Expense 523.00
Price Per Sq Ft Total AG 150.0
Acceptable Financing Conventional Cash
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
Legal Subdivision ELMHURST
Tax Lot 330
Total Actual Rent 105588.00
Cap Rate 7.40
Association Recreation Fee N
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Exterior
Water Source Public
Inclusions (8) Stoves (8) Refrigerators Commercial washer & dryer
Type of Parking Parking Lot
Water View Y/N N
Building Area Total 8000.00
Lot Dimensions 75.00 x 100.00
Lot Size Acres 0.17
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 232200.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 5
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* Excluded Features
List By
Meyer & Meyer Realty

Broker

peter@meyerrealty.net

Email

Affordability Calculator

$7,906
Per Month
93%
7%
0%
Monthly Principal & Interest
$7,389
Monthly Property Taxes
$517
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
4/16/2026$1,200,000 Listed Price

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5 Winston Avenue, Wilmington, DE, 19804 is a Commercial Property for sale at $1,200,000 with 8,000 sqft and a lot size of 0.17. 5 Winston Avenue was built in 1950. The property's zip code is 19804 which is in Wilmington, DE

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