1301 W 4Th Street
Wilmington, DE, 19805 $ 390,000
Bedrooms4 Baths0.0 Monthly Estimate*
$ 2,401
for $390,000 with 4 bedrooms. This home was built in 1899 on a lot size of 0.03.
An exceptional, low-maintenance investment opportunity awaits in this high-performing, three-story mixed-use building. The entire property underwent a comprehensive, top-to-bottom remodel in 2024, offering modern systems, contemporary finishes, and peace of mind regarding future capital expenditures. Fully structured for steady cash flow, the building features a high-visibility ground-floor commercial storefront and two fully occupied, updated residential units above. -The Main Floor (Commercial Space): Boasting high visibility and excellent foot traffic, this versatile retail storefront was refreshed in 2024. Complete with a desk area, high ceilings, new flooring, and a dedicated half-bath, it is an ideal turnkey space for a boutique, office, or specialty shop. -The Second Floor (Apartment 1): Remodeled in 2024 with modern flooring, updated kitchen cabinetry, stainless steel appliances, and a totally remodeled bathroom. This spacious 2-bedroom, 1-bathroom unit is currently occupied and generating $1,450/month. - The Third Floor (Apartment 2): Positioned on the top floor for maximum quiet, this second 2-bedroom, 1-bathroom unit features the same beautiful 2024 upgrades as the second floor, paired with elevated neighborhood views. It is currently occupied and generating $1,350/month. - Full, unfinished basement maintained in very good condition. All utility meters are conveniently separated by individual unit. Additionally, this expansive space is ideal for use as inventory or general storage for the ground-floor retail space.
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FeaturesGeneralLiving Area 0
Sewer Public Sewer
Heating Heat Pump - Gas BackUp
Cooling Window Unit(s)
Utilities Natural Gas Available Electric Available Sewer Available
Possession Immediate
Roof Shingle
Appliances Oven - Single Refrigerator
Zoning 26R-3
Architectural Style Other
Construction Materials Brick Brick Front
School District RED CLAY CONSOLIDATED
Year Built 1899
Electric 220 Volts
Property Subtype Duplex
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Accessibility None
County NEW CASTLE
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions Located in the corner of W 4th Street and N Franklin St.
City WILMINGTON
Disclosures Lead Based Paint - State Radon Prop Disclosure
Number Of Units Total 3
MLS Area Wilmington (30906)
Lot Size Units Square Feet
Lot Size Square Feet 1307.00
Tax Annual Amount 5607.0
Home Warranty Y/N N
Property Condition Excellent
Two Bedroom 2
Structure Type Detached
Acceptable Financing Cash Conventional FHA VA
Historic Y/N N
Rent Control Y/N N
Vacation Rental Y/N N
Location Type Urban
Lease Type Yearly
Standard Status Active
Year Built Source Estimated
Legal Subdivision WILMINGTON
Tax Lot 261
Association Recreation Fee N
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InteriorInterior Amenities Upgraded Countertops
Heating Fuel Natural Gas
Basement Full
Flooring Laminated Ceramic Tile
Hot Water Natural Gas
Furnished Units None
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N N
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ExteriorExterior Amenities Other
Pool No Pool
Water Source Public
Inclusions Stove refrigerator.
Type of Parking None
Foundation Details Concrete Perimeter
Spa N
Water View Y/N N
Lot Dimensions 17.50 x 74.30
Lot Size Acres 0.03
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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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $2,401
- Monthly Property Taxes
- $467
- 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.
Learn more about how to save NearbyMulti-family listings in Wilmington, DE
Average List Price $433,697
Percent of Sale Price 11%
About Wilmington, DE 72,929 Population
0% Since 2002
$ 41,839 Median Income
36.72 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
4936035 Elementary School
3534700 Middle School
Mckean High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/26/2026 | $390,000 | | Listed Price |