1607 W 4TH STREET, WILMINGTON, DE 19805
NEW CASTLE County
Key Facts
Description
1607 W 4th St, Wilmington, DE 19805 is a strong opportunity for both an investor and a first-time home buyer ready to think strategically. If you have been looking for a way to start your real estate investment journey with your first home, this 2-unit property gives you that chance. You may be able to live in one unit, use available grant or closing cost assistance options to help with your purchase, and create added income from the second unit, which may help offset your monthly mortgage. The main floor unit features 1 bedroom and 1 bathroom and has already been updated. The second-floor unit offers 2 bedrooms, 2 bathrooms, and a bonus room that could serve as a home office or even a possible 3rd bedroom. The property also has updated electrical systems, which add even more value. For an investor, this is a chance to add to your rental portfolio or start one with a property that already offers a multi-unit setup. For a first-time buyer, this is an opportunity to buy with a plan, build equity, and start creating income from day one. If you have been waiting for the right time to buy, this may be your sign. Opportunities like this do not come around every day. the current tenants is paying $1,400. Book your tour as soon as possible and come see the potential for yourself.
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Structure Type
House
Year Built
1890
Living Area
1,800 sq ft
Lot Size
0.04 acres
Lot Dimensions
16.00 x 100.00
Zoning
26R-3
Days on Market
44
MLS® Listing#
DENC2099576
Property Features
Appliances
Cooling
Heating
Pool
Parking
Construction
Foundation
Sewer
Water Source
Schools
- District:
- RED CLAY CONSOLIDATED
Financial Details
Annual Taxes
$2,531
Tax year 2025
Assessed Value
$223,500
Parcel Number
26-027.30-033
Directions
WEST ON FOURTH TO 1607
Affordability Calculator
$46,000
Estimated monthly payment
$1,224/mo
Principal $184,000 · Est. interest $256,696 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in WILMINGTON, DE
- $312,644
- Median Listing Price
- 44
- Median Days on Market
- 1,575
- Median Sq Ft
- $187
- Median Price / Sq Ft
- 372
- Active Listings
- This home’s price is 26% below the area median.
- Its price per sq ft is 32% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in WILMINGTON, DE.
Location
Points of Interest in WILMINGTON, DE
Showing the WILMINGTON area map.
Nearby Schools
A Leap of Faith
School · 0.1 mi away
Sheila's Dreams Child Care LLC
School · 0.2 mi away
Nativity Preparatory School
School · 0.3 mi away
St. Anthony of Padua Grade School Families, Alumni & Friends
School · 0.4 mi away
The Bayard School
Elementary · 0.4 mi away
Padua Academy
School · 0.4 mi away
Odyssey Charter School
School · 0.4 mi away
Harvest Christian Academy
School · 0.5 mi away
Red Clay Consolidated School District
School · 0.6 mi away
Ursuline Academy
School · 0.6 mi away
Xavier A School for Young
School · 0.7 mi away
Pulaski (Casimir) Elementary School
Elementary · 0.7 mi away
Tender Care Learning Academy
School · 0.8 mi away
Sunshine Station Early Learning Center
School · 0.8 mi away
Goddard School
School · 0.9 mi away
St Peter Cathedral School
School · 0.9 mi away
Grace United Methodist Church
Elementary · 0.9 mi away
Douglass School
School · 0.9 mi away
First State School
School · 1.0 mi away
High Road School of Delaware
Elementary · 1.0 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 324 S CLAYMONT STREET, WILMINGTON, DE | $164,000 | 3 | 1 | 1,325 |
| 16 E 24TH STREET, WILMINGTON, DE | $165,000 | 4 | 2 | 2,125 |
| 727 E 7TH STREET, WILMINGTON, DE | $165,000 | 2 | 1 | 1,000 |
| 24 W 20TH STREET, WILMINGTON, DE | $165,900 | 2 | 1 | 1,132 |
| 2401 CARTER STREET, WILMINGTON, DE | $169,900 | 3 | 2 | 1,125 |
| 921 N LOMBARD STREET, WILMINGTON, DE | $169,900 | 3 | 1 | 1,925 |
Moving Cost Estimate
EXIT Agents in WILMINGTON
Listing Courtesy: EXP Realty, LLC - 8885434829