905 E 17th St Wilmington, DE 19802
Vandever Avenue NeighborhoodEstimated payment $728/month
Total Views
11,729
2
Beds
1
Bath
1,025
Sq Ft
$122
Price per Sq Ft
Highlights
- Straight Thru Architecture
- Porch
- Property is Fully Fenced
- No HOA
- Forced Air Heating System
About This Home
High-Yield Turnkey Rental | 8.7% Cap Rate | Fully Occupied
Investors—unlock solid returns with 905 E. 17th St, a cash-flowing, tenant-occupied townhome in Wilmington’s revitalizing East Side. Currently generating $1,295/month in rent from a Section 8 tenant, this property brings in strong income with a great operating expense ratio—ideal for long-term hold strategies or out-of-state investors looking for stable returns with minimal headaches.
Investment Snapshot:
Current Rent: $1,295/mo (tenant in place)
2024 Gross Income: $15,485
2024 Operating Expenses: $4,130
Net Operating Income: $11,355
Cap Rate @ $130K: 8.7%
Operating Expense Ratio: 26%
Located minutes from Downtown Wilmington, I-95, and public transit, this property offers both cash flow and long-term appreciation potential. The rent roll and payment history show consistency and solid tenant retention.
Whether you’re expanding your portfolio or seeking your first profitable turnkey asset, this is a plug-and-play rental with strong fundamentals.
Request the rent roll, full financials, or schedule a walk-through today—opportunities like this don’t sit long.
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $766
Year Built
- Built in 1900
Lot Details
- 1,307 Sq Ft Lot
- Property is Fully Fenced
Parking
- On-Street Parking
Home Design
- Straight Thru Architecture
- Flat Roof Shape
- Brick Exterior Construction
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 1,025 Sq Ft Home
- Property has 2 Levels
- Non-Functioning Fireplace
- Unfinished Basement
- Basement Fills Entire Space Under The House
- Oven
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Outdoor Features
- Porch
Schools
- Brandywine High School
Utilities
- Forced Air Heating System
- Natural Gas Water Heater
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Lot 285
- Assessor Parcel Number 26-029.40-285
Map
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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 | $514 | $15,900 | $2,200 | $13,700 |
| 2023 | $466 | $15,900 | $2,200 | $13,700 |
| 2022 | $471 | $15,900 | $2,200 | $13,700 |
| 2021 | $471 | $15,900 | $2,200 | $13,700 |
| 2020 | $472 | $15,900 | $2,200 | $13,700 |
| 2019 | $791 | $15,900 | $2,200 | $13,700 |
| 2018 | $503 | $15,900 | $2,200 | $13,700 |
| 2017 | $747 | $15,900 | $2,200 | $13,700 |
| 2016 | $747 | $15,900 | $2,200 | $13,700 |
| 2015 | $706 | $15,900 | $2,200 | $13,700 |
| 2014 | $705 | $15,900 | $2,200 | $13,700 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2025 07/10/25 | Price Changed | $125,000 | -3.8% | $122 / Sq Ft |
| 06/04/2025 06/04/25 | For Sale | $130,000 | +420.0% | $127 / Sq Ft |
| 12/20/2018 12/20/18 | Sold | $25,000 | -19.4% | $24 / Sq Ft |
| 11/15/2018 11/15/18 | For Sale | $31,000 | 0.0% | $30 / Sq Ft |
| 11/03/2018 11/03/18 | Pending | -- | -- | -- |
| 10/26/2018 10/26/18 | For Sale | $31,000 | +55.0% | $30 / Sq Ft |
| 06/03/2013 06/03/13 | Sold | $20,000 | 0.0% | $20 / Sq Ft |
| 05/10/2013 05/10/13 | Pending | -- | -- | -- |
| 04/18/2013 04/18/13 | For Sale | $20,000 | -- | $20 / Sq Ft |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $50,000 | None Available | |
| Deed | $83,000 | None Available | |
| Deed | $100,000 | None Available | |
| Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes | $21,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $80,500 | New Conventional | |
| Previous Owner | $85,000 | Purchase Money Mortgage |
Source: Public Records
Similar Homes in Wilmington, DE
Source: Bright MLS
MLS Number: DENC2083030
APN: 26-029.40-285
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