1608 N Broom St Wilmington, DE 19806
Delaware Avenue NeighborhoodEstimated payment $7,518/month
Highlights
- 0.12 Acre Lot
- Wood Flooring
- Radiant Heating System
- Colonial Architecture
- Walk-Up Access
- 4-minute walk to Conaty Park
About This Home
1608 N. Broom Street – Prime Investment Opportunity in Wilmington’s Coveted Trolley Square
Presenting a rare and lucrative opportunity to acquire a well-maintained six-unit multifamily property in the heart of Wilmington’s vibrant Trolley Square neighborhood. This sought-after location offers the perfect blend of urban living and convenience, with an array of dining, shopping, and entertainment options just steps away. This property features five fully renovated one-bedroom units, each boasting modern finishes, updated appliances, and contemporary design touches that appeal to today’s discerning tenants. In addition to the cosmetic upgrades, significant mechanical improvements have been made throughout the building, ensuring long-term durability and minimal maintenance. With a thoughtful layout, the building offers three front-facing units with street views and three rear-facing units that provide added privacy, making it ideal for a wide range of renters. A shared laundry facility in the basement, equipped with two washers and two dryers, adds convenience for residents and minimizes operating costs. Whether you’re an experienced investor or just starting to build your real estate portfolio, this property offers strong cash flow potential and a prime location in one of Wilmington’s most desirable neighborhoods. Full financials available upon request.
Listing Agent
(302) 740-6529 buzz.moran@lnf.com Long & Foster Real Estate, Inc. Listed on: 09/17/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,248
Year Built
- Built in 1910
Lot Details
- 5,227 Sq Ft Lot
- Lot Dimensions are 40.00 x 135.00
Parking
- On-Street Parking
Home Design
- Colonial Architecture
- Brick Exterior Construction
- Stone Foundation
- Pitched Roof
- Shingle Roof
- Slate Roof
Utilities
- Cooling System Utilizes Natural Gas
- Ductless Heating Or Cooling System
- Radiant Heating System
- Natural Gas Water Heater
Additional Features
- Wood Flooring
- Walk-Up Access
Listing and Financial Details
- Tax Lot 223
- Assessor Parcel Number 26-020.20-223
Community Details
Overview
- 3-Story Building
- Trolley Square Subdivision
Building Details
- Income includes apartment rentals
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,857 | $123,600 | $26,100 | $97,500 |
| 2023 | $3,367 | $123,600 | $26,100 | $97,500 |
| 2022 | $3,367 | $123,600 | $26,100 | $97,500 |
| 2021 | $7,614 | $123,600 | $26,100 | $97,500 |
| 2020 | $3,946 | $123,600 | $26,100 | $97,500 |
| 2019 | $5,865 | $123,600 | $26,100 | $97,500 |
| 2018 | $303 | $123,600 | $26,100 | $97,500 |
| 2017 | $5,477 | $123,600 | $26,100 | $97,500 |
| 2016 | $5,477 | $123,600 | $26,100 | $97,500 |
| 2015 | $5,238 | $123,600 | $26,100 | $97,500 |
| 2014 | $4,972 | $123,600 | $26,100 | $97,500 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/17/2025 09/17/25 | For Sale | $1,325,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Available | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $145,000 | Commercial | |
| Open | $1,440,000 | Construction | |
| Closed | $145,000 | Stand Alone Second |
Source: Bright MLS
MLS Number: DENC2089592
APN: 26-020.20-223
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