507 Concord Ave Wilmington, DE 19802
Baynard Village NeighborhoodEstimated payment $1,465/month
Highlights
- Colonial Architecture
- Forced Air Heating System
- 4-minute walk to Harrison Triangle Park
About This Home
Don’t miss this fantastic opportunity to own a classic brick duplex in the city of Wilmington! This property at 507 Concord Avenue offers versatility and income potential, making it an excellent choice for both seasoned investors and first-time buyers looking to start their portfolio.
The first-floor unit is freshly updated and move-in ready, featuring 1 spacious bedroom, a full bath, a large living room with rich hardwood floors, and an eat-in kitchen with ample cabinetry and pantry space. A private side entrance and access to the enclosed porch and fenced backyard add convenience and functionality.
The second-floor unit is currently tenant-occupied, providing instant rental income. It offers 2 bedrooms, a full bath, a comfortable living room, and an updated kitchen with modern cabinetry, backsplash, and stainless-steel appliances.
Additional highlights include a covered front porch with separate entrances, basement storage, updated baths, ceiling fans throughout, and a rear yard with alley access.
Conveniently located just minutes from Downtown Wilmington, the Riverfront, and I-95, this duplex also offers easy access to Concord Pike/Route 202, where you’ll find great shopping, dining, and entertainment.
This is the perfect property to expand your real estate portfolio or to begin your journey as an investor.
Schedule your showing today and explore the income potential of 507 Concord Avenue!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,592
Year Built
- Built in 1920
Lot Details
- 1,307 Sq Ft Lot
- Lot Dimensions are 25.60 x 64.10
Parking
- On-Street Parking
Home Design
- 1,700 Sq Ft Home
- Duplex
- Colonial Architecture
- Brick Exterior Construction
- Blown-In Insulation
- Concrete Perimeter Foundation
Utilities
- Cooling System Utilizes Natural Gas
- Window Unit Cooling System
- Forced Air Heating System
- Natural Gas Water Heater
Additional Features
- Unfinished Basement
Community Details
- 2 Units
- 1 Vacant Unit
Listing and Financial Details
- Tax Lot 131
- Assessor Parcel Number 26-015.30-131
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 | $983 | $31,500 | $3,100 | $28,400 |
| 2023 | $854 | $31,500 | $3,100 | $28,400 |
| 2022 | $858 | $31,500 | $3,100 | $28,400 |
| 2021 | $857 | $31,500 | $3,100 | $28,400 |
| 2020 | $862 | $31,500 | $3,100 | $28,400 |
| 2019 | $1,495 | $31,500 | $3,100 | $28,400 |
| 2018 | $858 | $31,500 | $3,100 | $28,400 |
| 2017 | $856 | $31,500 | $3,100 | $28,400 |
| 2016 | $811 | $31,500 | $3,100 | $28,400 |
| 2015 | $1,335 | $31,500 | $3,100 | $28,400 |
| 2014 | $1,267 | $31,500 | $3,100 | $28,400 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/16/2025 09/16/25 | Pending | -- | -- | -- |
| 09/08/2025 09/08/25 | For Sale | $250,000 | -- | $147 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $140,000 | First American Title Ins Co | |
| Deed | -- | Transnation Title Insurance | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $142,800 | New Conventional | |
| Closed | $149,500 | Unknown | |
| Closed | $28,000 | Stand Alone Second | |
| Closed | $112,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $82,400 | No Value Available |
Source: Bright MLS
MLS Number: DENC2088822
APN: 26-015.30-131
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