1301 W 4TH STREET, WILMINGTON, DE 19805
NEW CASTLE County
Key Facts
Description
Price improvement!!! this low-maintenance investment opportunity awaits in this high-performing, three-story mixed-use building. The entire property underwent a comprehensive, top-to-bottom remodel in 2024, offering modern systems, contemporary finishes, and peace of mind regarding future capital expenditures. Fully structured for steady cash flow, the building features a high-visibility ground-floor commercial storefront and two fully occupied, updated residential units above. -The Main Floor (Commercial Space): Boasting high visibility and excellent foot traffic, this versatile retail storefront was refreshed in 2024. Complete with a desk area, high ceilings, new flooring, and a dedicated half-bath, it is an ideal turnkey space for a boutique, office, or specialty shop. -The Second Floor (Apartment 1): Remodeled in 2024 with modern flooring, updated kitchen cabinetry, stainless steel appliances, and a totally remodeled bathroom. This spacious 2-bedroom, 1-bathroom unit is currently occupied and generating $1,450/month. - The Third Floor (Apartment 2): Positioned on the top floor for maximum quiet, this second 2-bedroom, 1-bathroom unit features the same beautiful 2024 upgrades as the second floor, paired with elevated neighborhood views. It is currently occupied and generating $1,350/month. - Full, unfinished basement maintained in very good condition. All utility meters are conveniently separated by individual unit. Additionally, this expansive space is ideal for use as inventory or general storage for the ground-floor retail space.
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Structure Type
House
Year Built
1899
Lot Size
0.03 acres
Lot Dimensions
17.50 x 74.30
Zoning
26R-3
Days on Market
20
MLS® Listing#
DENC2103046
Property Features
Exterior
Appliances
Cooling
Heating
Flooring
Basement
Pool
Parking
Construction
Foundation
Roof
Utilities
Sewer
Water Source
Schools
- Elementary:
- LEWIS
- Middle:
- DUPONT H
- High:
- MCKEAN
- District:
- RED CLAY CONSOLIDATED
Financial Details
Annual Taxes
$5,607
Tax year 2025
Assessed Value
$411,300
Parcel Number
26-034.10-261
Directions
Located in the corner of W 4th Street and N Franklin St.
Affordability Calculator
$73,000
Estimated monthly payment
$1,943/mo
Principal $292,000 · Est. interest $407,366 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 17% above 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 · 0.4 mi away
Nativity Preparatory School
School · 0.4 mi away
Padua Academy
School · 0.4 mi away
Red Clay Consolidated School District
School · 0.4 mi away
Sheila's Dreams Child Care LLC
School · 0.5 mi away
The Bayard School
Elementary · 0.5 mi away
St. Anthony of Padua Grade School Families, Alumni & Friends
School · 0.5 mi away
Ursuline Academy
School · 0.6 mi away
St Peter Cathedral School
School · 0.6 mi away
Goddard School
School · 0.6 mi away
Grace United Methodist Church
Elementary · 0.6 mi away
Odyssey Charter School
School · 0.7 mi away
Pulaski (Casimir) Elementary School
Elementary · 0.7 mi away
Tender Care Learning Academy
School · 0.7 mi away
Harvest Christian Academy
School · 0.7 mi away
Modern Gun School
School · 0.7 mi away
First State School
School · 0.8 mi away
Xavier A School for Young
School · 0.9 mi away
Sunshine Station Early Learning Center
School · 0.9 mi away
Freire Charter School Wilmington
Secondary · 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 |
|---|---|---|---|---|
| 1904 LANCASTER AVENUE, WILMINGTON, DE | $259,000 | 4 | 2 | 1,475 |
| 117 WINCHESTER PLACE, WILMINGTON, DE | $259,900 | 3 | 2 | 1,450 |
| 600 HOMESTEAD ROAD, WILMINGTON, DE | $260,000 | 4 | — | 1,575 |
| 213 W 35TH STREET, WILMINGTON, DE | $260,000 | 3 | 2 | 1,325 |
| 1600 COLEMAN STREET, WILMINGTON, DE | $260,000 | 4 | 2 | 1,175 |
| 1526 W 4TH STREET, WILMINGTON, DE | $260,000 | 3 | 2 | 1,450 |
Moving Cost Estimate
EXIT Agents in WILMINGTON
Listing Courtesy: KW Empower - 2156273500