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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.
Property Features
Cooling: None
Fuel Type: Electric
Heating: Baseboard - Electric
Lot Size: 0.07 Acres
Taxes: $5,157
Year Built: 1920
Feature Descriptions
Exterior: Brick
Lot Dimensions: 0.07 Acre(S)
Sewer: Public Sewer
Units: 1
Water: Public
Local Schools
School District: CHRISTINA
Listed By / Sold By
Listed By
Agency Name: Concord Realty Group Agency Phone: 3024770400
All commissions are negotiable
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/23/2026. The listing information on this page last changed on 05/23/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 05/23/2026 12:44:55 AM EST) or Stellar MLS (last updated Sat 05/23/2026 12:29:18 AM EST) or GSMLS (last updated Sat 05/23/2026 12:24:11 AM EST) or Emerald Coast MLS (last updated Sat 05/23/2026 12:05:24 AM EST) or Central Panhandle Association of Realtors (last updated Sat 05/23/2026 12:37:18 AM EST) or Beaches MLS (last updated Sat 05/23/2026 12:38:14 AM EST) or Naples MLS (last updated Fri 05/22/2026 11:40:24 PM EST) or Bright MLS (last updated Sat 05/23/2026 12:38:58 AM EST) or OneKey MLS (last updated Sat 05/23/2026 12:42:18 AM EST). Real estate listings held by brokerage firms other than RealtyMark may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. Privacy Policy / DMCA Notice / ADA Accessibility