837 W 4TH ST, Wilmington, DE 19801
837 W 4TH ST, Wilmington, DE 19801,Video Tour
837 W 4TH ST, Wilmington, DE 19801
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Listed by Ken Van Every • Keller Williams Realty Wilmington
$395,000
Est. payment /mo
2,268 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,268 sqft

Price per Sqft $174

Subdivision Wilm #21

MLS Listing ID DENC2097812

Style Colonial

Abv Grd Liv Area 2,268

Year Built 1983

Available Date 2026-03-05

Annual Tax Amount $5,980

Tax Year 2025

Lot Size 871 Sqft

Acres 0.02

Lot Dimensions 14.00 x 60.00

Property Sub-Type Triplex

Source BRIGHT

Property Description

Cash-flow investment opportunity. Your chance to own a profitable mixed-use investment property in the heart of the City of Wilmington. Its ready to go and has a strong rental history. The building offers an excellent opportunity for a first-floor business tenant (hair salon) along with two 2-bedroom apartments. Total rents are approximately $4,000 per month, creating strong income potential for an investment property.
Many major systems have been replaced in recent years, including water heaters, electrical panels, windows, and many interior finishes.
The first floor is currently operating as a hair salon and is very nicely laid out. A highly visible entrance with signage faces 4th Street and Adam Street on this corner property. An attractive entrance leads into a comfortable waiting area for clients. Toward the back is the main salon area with room for multiple stylists to work comfortably. The lighting and layout are well suited for salon use. Further back is the wash area with two stations, spacious and well equipped. A short hall leads to an additional studio space for private styling, with chair and lighting already in place. This floor is completed by a nicely decorated half bathroom available for client use.
The apartments are accessed through a side entrance on Adams Street. The common stairway leads to the second and third floor apartments, each with its own private entrance.
The second-floor apartment currently has a good tenant in place who would like to stay and maintains the apartment well. Rent is $1,200 per month, and the tenant pays electric and gas. Upon entering the apartment, the first bedroom is on the left and offers a generous closet. Toward the front of the property is the second bedroom, also with a good closet. The apartment includes an updated bathroom, followed by the kitchen, which offers generous counter space, a compact refrigerator, and ample cabinetry. The kitchen could also function as a small eat-in space. At the front of the property is the living room, which benefits from excellent natural light from both sides due to the corner location.
The third-floor apartment has a very similar layout to the second floor and is currently vacant. The unit has just been painted, updated with new flooring, and refreshed, making it ready for a new tenant. Estimated rent is $1,200 per month.
The basement contains separate utilities for the units, including four electrical panels (three units plus a landlord panel), three hot water heaters, and three gas furnaces, with two located in the basement and one located in a closet within the third-floor apartment. The basement also provides additional storage space.
Excellent location just off Adams Street and 4th Street. The property is walkable to the central business district, shopping, dining, convenience stores, transportation, the train station, bus routes, and many other Center City amenities.
48 hours notice required due to tenants in place.

Location

State DE

County New Castle

Area Wilmington (30906)

Zoning 26R-4

Rooms

Basement Connecting Stairway

Interior

Interior Features Bathroom - Tub Shower, Built-Ins, Ceiling Fan(s), Dining Area

Hot Water Natural Gas

Heating Forced Air

Cooling None

Flooring Luxury Vinyl Plank, Laminated, Vinyl

Inclusions See Inclusions/Exclusions List

Equipment Cooktop, Microwave, Refrigerator

Fireplace N

Window Features Energy Efficient,Insulated,Replacement

Appliance Cooktop, Microwave, Refrigerator

Heat Source Natural Gas

Exterior

Utilities Available Electric Available, Natural Gas Available, Sewer Available

Water Access N

View Street

Accessibility None

Garage N

Building

Above Ground Finished SqFt 2268

Sewer Public Sewer

Water Public

Architectural Style Colonial

Additional Building Above Grade, Below Grade

New Construction N

Schools

Elementary Schools Pulaski

Middle Schools Bayard

High Schools Newark

School District Christina

Others

Tax ID 26-034.20-386

Ownership Fee Simple

SqFt Source 2268

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Virtual Tour https://www.zillow.com/view-imx/27837491-05cf-46a3-981b-98069e111cf1?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard


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Bright MLS (BMLS)

NEARBY SCHOOL & BUSINESS

John Davison
John Davison

+1(484) 986-7388 | john@digz.house

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