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Sold for $501,000
  • $501,000

    1531 Delaware Ave, Wilmington, DE 19806

    4beds
    --baths
    1,975sqft
    Triplex
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $254/sqft
    $3,048 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $3,048/mo

    Zestimate® history
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    What's special

    Photos Coming Soon!! Discover an incredible opportunity near one of Wilmington’s most beloved and walkable neighborhoods — vibrant, charming Trolley Square! This well-maintained triplex offers a blend of stable rental income, future value-add potential, and unbeatable location just steps from restaurants, cafés, local shops, nightlife, and community favorites. This 3-unit property includes two currently occupied one-bedroom apartments with leases secured through August 2026 — a fantastic benefit for investors seeking immediate and predictable cash flow. The top-floor unit is ready for its next chapter, offering a blank canvas for renovation to elevate rents and maximize returns. Whether updating the two bedroom into a space to add rental income or to create the perfect owner-occupied space — the upside is all yours. Whether you’re growing your investment portfolio or envisioning the perfect space to live and earn in a thriving location, this triplex checks all the boxes: income stability now with exceptional potential ahead.

    Zillow last checked:

    Listing updated:

    Listed by:

    Marcee McMullen 610-368-5860,

    Real of Pennsylvania

    Bought with:

    Mr. Andre Bodiford, RS376614

    Long & Foster Real Estate, Inc.

    Source: Bright MLS,MLS#: DENC2093544MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    Basement
    • Area: 0
    Heating
    • Hot Water, Natural Gas
    Cooling
    • Window Unit(s), Electric
    Appliances
    • Included: Gas Water Heater
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 1,975
    • Total interior livable area: 1,975 sqft

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: 2+ Access Exits
    Features
    • Pool features: None
    Lot
    • Size: 2,178 Square Feet
    • Dimensions: 16.00 x 133.30
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 26020.20070
    • Zoning: 26R-4
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Victorian
    • Property subtype: Triplex
    Materials
    • Brick
    • Foundation: Block
    Condition
    • New construction: No
    • Year built: 1900

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Forty Acres
    Location
    • Region: Wilmington

    Financial & listing details

    • Price per square foot: $254/sqft
    • Tax assessed value: $593,300
    • Annual tax amount: $6,718
    • Date on market: 11/28/2025
    • Listing agreement: Exclusive Right To Sell
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    12/19/2025Sold$501,000+3.3%$254/sqft
    Source: Bright MLS #DENC2093544 Report a problem
    12/1/2025Pending sale$485,000$246/sqft
    Source: Bright MLS #DENC2093544 Report a problem
    11/28/2025Listed for sale$485,000$246/sqft
    Source: Bright MLS #DENC2093544 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $593,300 +681.7%
    2024$2,368 +15.1%$75,900
    2023$2,058 -0.5%$75,900
    2022$2,068 +0.2%$75,900
    2021$2,064 -0.6%$75,900
    2020$2,076 -0.5%$75,900
    2019$2,087 +1.2%$75,900
    2017$2,063 -38.7%$75,900
    2016$3,363 $75,900
    2015$3,363 +4.6%$75,900
    2014$3,216 $75,900
    2013-- $75,900
    2012-- $75,900
    2011-- $75,900
    2010-- $75,900
    2009-- $75,900
    2008-- $75,900
    2007-- $75,900
    2006-- $75,900
    2005-- $75,900
    2004-- $75,900
    2003-- $75,900
    2002-- $75,900
    2001-- $75,900
    Find assessor info on the county website

    Neighborhood: Trolley Square

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Red Clay Consolidated

    Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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