101 E 35TH ST, Wilmington, DE 19802
101 E 35TH ST, Wilmington, DE 19802
101 E 35TH ST, Wilmington, DE 19802
101 E 35TH ST, Wilmington, DE 19802
101 E 35TH ST, Wilmington, DE 19802
101 E 35TH ST, Wilmington, DE 19802
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Brian Foraker

Brian Foraker

+1(302) 420-4616
Listed by Kevin Hobbs • Coldwell Banker Realty
$ 595,000
Est. payment | /mo

2,800 SqFt

Save
$ 595,000
Est. payment | /mo
Save

2,800 SqFt

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,800 sqft

Price per Sqft $212

MLS Listing ID DENC2113680

Style Colonial

Abv Grd Liv Area 2,800

Year Built 1935

Available Date 2026-10-29

Annual Tax Amount $4,261

Tax Year 2025

Lot Size 4,791 Sqft

Acres 0.11

Lot Dimensions 63.00 x 82.00

Property Sub-Type Detached

Source BRIGHT

Property Description

**INVESTORS & FUTURE OWNER-OCCUPANTS—IMMEDIATE RENTAL INCOME WITH ADDITIONAL UPSIDE!** This detached Wilmington triplex offers a compelling combination of established income, substantial capital improvements, and future equity-building potential. Currently generating $4,900/month in reported rental income, the property offers the potential for positive cash flow even at the asking price under illustrative financing and expense assumptions. **An example Investment Value & Cash Flow Analysis is available in the attached MLS documents.** The building has undergone extensive improvements, including roof and siding upgrades, an attractive stone façade, added gutters, refreshed landscaping, and new mini-split supplemental heat and air. The second- and third-floor apartments are completely renovated and fully furnished, each featuring a new private deck. All three levels offer mini-split air conditioning and supplemental heating alongside natural gas radiator heat. The spacious first-floor residence features a private covered front porch and an opportunity for cosmetic improvements to further enhance value. **OWNER-OCCUPANT OPPORTUNITY:** Consider making the first floor your home while rental income from the upper levels helps offset housing expenses as you build equity in the entire property! The first-floor apartment is tenant-occupied under a lease ending March 2027; future occupancy is subject to existing lease terms, tenant rights, and lawful possession. Rental income and financial projections are subject to buyer verification. **A versatile income-producing property with major improvements already completed and additional opportunities to build long-term wealth!**

Location

State DE

County New Castle

Area Wilmington (30906)

Zoning 26R-3

Interior

Hot Water Natural Gas

Heating Hot Water

Cooling Programmable Thermostat, Multi Units, Ductless/Mini-Split

Flooring Carpet, Luxury Vinyl Plank, Ceramic Tile

Fireplaces Number 1

Equipment Built-In Range, Built-In Microwave, Dishwasher, Disposal, Dryer, ENERGY STAR Dishwasher, ENERGY STAR Refrigerator, ENERGY STAR Clothes Washer, Intercom, Oven/Range - Gas, Water Heater - High-Efficiency, Energy Efficient Appliances

Fireplace Y

Window Features Energy Efficient,Insulated

Appliance Built-In Range, Built-In Microwave, Dishwasher, Disposal, Dryer, ENERGY STAR Dishwasher, ENERGY STAR Refrigerator, ENERGY STAR Clothes Washer, Intercom, Oven/Range - Gas, Water Heater - High-Efficiency, Energy Efficient Appliances

Heat Source Natural Gas

Laundry Basement

Exterior

Water Access N

Roof Type Shingle

Accessibility None

Garage N

Private Pool No

Building

Foundation Block

Above Ground Finished SqFt 2800

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade, Below Grade

Structure Type Dry Wall

New Construction N

Schools

Elementary Schools Carrcroft

Middle Schools Springer

High Schools Brandywine

School District Brandywine

Others

Tax ID 26-016.30-166

Ownership Fee Simple

SqFt Source 2800

Acceptable Financing Cash, Conventional, FHA, VA, Other

Listing Terms Cash, Conventional, FHA, VA, Other

Financing Cash,Conventional,FHA,VA,Other

Special Listing Condition Standard

Bright MLS (BMLS)

NEARBY SCHOOL & BUSINESS

Brian Foraker

+1(302) 420-4616

brian@forakersales.com

135 E State St, United States

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101 E 35TH ST

 
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