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Sold for $370,000
  • $370,000

    906 N Madison St, Wilmington, DE 19801

    5beds
    --baths
    2,500sqft
    Triplex
    Built in 1840
    -- sqft lot
    $-- Zestimate®
    $148/sqft
    $1,946 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,946/mo

    Zestimate® history
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    What's special

    Tree-lined block
    Prime Investment Opportunity – Fully Rented Triplex in Historic Trinity Vicinity. High Demand Location. Solid income-producing triplex located at 906 N. Madison Street, set on a charming, tree-lined block in the highly desirable Historic Trinity Vicinity. This fully leased, three-unit property offers an attractive and versatile unit mix, including one efficiency studio unit with one full bath, one spacious 2-bedroom split unit with 2 full bathrooms, and one 2-bedroom one full bath flat on the first floor—appealing to a broad tenant base. Ideally positioned within walking distance to offices, retail, dining, the post office, and public transportation, this location supports strong rental demand and long-term stability. A turnkey opportunity for investors seeking a well-located, income-generating multi-unit asset in the heart of the city. Tenant pays for heat, electricity and hot water. Landlord pays for water & sewer. 2 Bedroom 2 Bath Unit rent is $1,325. 2 Bedroom 1 Bath Unit rent is $1,250. Studio rent is $875. Gross rent for all three units is $41,400. Management fee is 8%. Buyer is not obligated to use the current Management Company.

    Zillow last checked:

    Listing updated:

    Listed by:

    Michele Endrich 302-690-4279,

    BHHS Fox & Roach - Hockessin,

    Co-Listing Team: Team Endrich, Co-Listing Agent: Earl Endrich 610-496-3838,

    BHHS Fox & Roach - Hockessin

    Bought with:

    Brenda Cepeda Josephs, RB-0031397

    Advanced Realty Solutions

    Source: Bright MLS,MLS#: DENC2094920MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    Basement
    • Area: 0
    Heating
    • Hot Water, Baseboard, Electric
    Cooling
    • Wall Unit(s), Electric
    Appliances
    • Included: Electric Water Heater
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 2,500
    • Total interior livable area: 2,500 sqft

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 3,920 Square Feet
    • Dimensions: 22.50 x 150.00
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 26028.30255
    • Zoning: 26R-4
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Traditional
    • Property subtype: Triplex
    Materials
    • Brick
    • Foundation: Other
    Condition
    • Good
    • New construction: No
    • Year built: 1840

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Trinity Vicinity
    Location
    • Region: Wilmington

    Financial & listing details

    • Price per square foot: $148/sqft
    • Tax assessed value: $224,700
    • Annual tax amount: $2,832
    • Date on market: 1/9/2026
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
    • Exclusions: Tenants Personal Property
    • Ownership: Fee Simple
    • Total actual rent: 41700
    • Income includes: Apartment Rentals

    Price history

    DateEventPrice
    3/6/2026Sold$370,000$148/sqft
    Source: Bright MLS #DENC2094920 Report a problem
    2/13/2026Pending sale$370,000+2.8%$148/sqft
    Source: Bright MLS #DENC2094920 Report a problem
    1/19/2026Contingent$360,000$144/sqft
    Source: Bright MLS #DENC2094920 Report a problem
    1/9/2026Listed for sale$360,000+67.4%$144/sqft
    Source: Bright MLS #DENC2094920 Report a problem
    9/24/2020Sold$215,000$86/sqft
    Source: Public Record Report a problem
    7/29/2020Listed for sale$215,000+7.5%$86/sqft
    Source: Home Finders Real Estate Co #DENC506136 Report a problem
    4/23/2016Listing removed$200,000$80/sqft
    Source: Home Finders Real Estate Company #6559083 Report a problem
    5/14/2015Listed for sale$200,000+17.6%$80/sqft
    Source: Home Finders Real Estate Company #6559083 Report a problem
    6/16/2004Sold$170,000+17.2%$68/sqft
    Source: Public Record Report a problem
    6/27/2003Sold$144,999$58/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $224,700 +324%
    2024$1,954 +2.6%$53,000
    2023$1,905 +1%$53,000
    2022$1,885 +2.6%$53,000
    2021$1,837 +3%$53,000
    2020$1,784 +15%$53,000
    2019$1,551 +5%$53,000
    2017$1,478 -39.9%$53,000
    2016$2,458 $53,000
    2015$2,458 +6.8%$53,000
    2014$2,302 $53,000
    2013-- $53,000
    2012-- $53,000
    2011-- $53,000
    2010-- $53,000
    2009-- $53,000
    2008-- $53,000
    2007-- $53,000
    2006-- $53,000
    2005-- $53,000
    2004-- $53,000
    2003-- $53,000
    2002-- $53,000
    2001-- $53,000
    Find assessor info on the county website

    Neighborhood: Trinity Vicinity

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Stubbs
    • Middle: Bayard
    • High: Christiana
    • 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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