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 owner’s 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.
Sold for $534,000
$534,000
816 W 8th St, Wilmington, DE 19801
7beds
--baths
3,175sqft
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$168/sqft
$1,653 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,653/mo
Zestimate® history
Owner options
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$1,653/mo
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$1,653/mo
Rent Zestimate®
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$3,216/mo
Est. payment
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$3,216/mo
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List your homeWhat's special
Partially finished basement
Zillow last checked:
Listing updated:
Listed by:
Mario Alvarado 302-740-3684,
Concord Realty Group,
Co-Listing Agent: Tia A Gianakis 302-545-0189,
Concord Realty Group
Bought with:
Jemimah Chuks, RS-0026132
EXP Realty, LLC
Source: Bright MLS,MLS#: DENC2090758
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
Basement
- Area: 0
Heating
- Baseboard, Electric
Cooling
- Other, Electric
Appliances
- Included: Electric Water Heater
Features
- Has fireplace: No
Interior area
- Total structure area: 3,175
- Total interior livable area: 3,175 sqft
Property
Parking
- Total spaces: 4
- Parking features: Driveway
- Uncovered spaces: 4
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 3,049 Square Feet
- Dimensions: 24.00 x 118.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 26027.40401
- Zoning: 26R-4
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Brick
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Wilmington
Financial & listing details
- Price per square foot: $168/sqft
- Tax assessed value: $409,300
- Annual tax amount: $5,157
- Date on market: 10/7/2025
- Listing agreement: Exclusive Right To Sell
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 1/28/2026 | Sold | $534,000-6.2%$168/sqft |
Source:  Bright MLS #DENC2090758 Report a problem | ||
| 11/5/2025 | Contingent | $569,000$179/sqft |
Source: Bright MLS #DENC2090758 Report a problem | ||
| 10/7/2025 | Listed for sale | $569,000+1287.8%$179/sqft |
Source: Bright MLS #DENC2090758 Report a problem | ||
| 2/16/2017 | Sold | $41,000+272.7%$13/sqft |
Source: Public Record Report a problem | ||
| 9/29/2010 | Sold | $11,000$3/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $409,300 +758.1% |
| 2024 | $1,758 +2.6% | $47,700 |
| 2023 | $1,714 +1% | $47,700 |
| 2022 | $1,697 +2.6% | $47,700 |
| 2021 | $1,653 +3% | $47,700 |
| 2020 | $1,605 +15% | $47,700 |
| 2019 | $1,396 -17.3% | $47,700 |
| 2017 | $1,689 | $47,700 |
| 2016 | -- | $47,700 |
| 2015 | -- | $47,700 |
| 2014 | $885 | $47,700 |
| 2013 | -- | $47,700 |
| 2012 | -- | $47,700 |
| 2011 | -- | $47,700 |
| 2010 | -- | $47,700 |
| 2009 | -- | $47,700 |
| 2008 | -- | $47,700 |
| 2007 | -- | $47,700 |
| 2006 | -- | $47,700 |
| 2005 | -- | $47,700 |
| 2004 | -- | $47,700 |
| 2003 | -- | $47,700 |
| 2002 | -- | $47,700 |
| 2001 | -- | $47,700 |
Find assessor info on the county website
Neighborhood: Trinity Vicinity
Nearby homes
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Nearby schools
GreatSchools rating
- 2/10The Bayard SchoolGrades: 1-8Distance: 0.8 mi
- 6/10Christiana High SchoolGrades: 6-12Distance: 9.2 mi
- NAStubbs Early Education CenterGrades: PK-KDistance: 0.9 mi
Schools provided by the listing agent
- District: Christina
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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