906 N MADISON ST, Wilmington, DE 19801
906 N MADISON ST, Wilmington, DE 19801
906 N MADISON ST, Wilmington, DE 19801
15
Listed by Michele Endrich • BHHS Fox & Roach - Hockessin
Bought with Brenda Cepeda Josephs • Advanced Realty Solutions
$370,000
$370,000
Est.Price: ?

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2,500 SqFt

906 N MADISON ST Wilmington, DE 19801

Est. payment /mo
SOLD DATE : 03/06/2026

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Key Details

Sold Price $370,000

Property Type Multi-Family

Sub Type Twin/Semi-Detached

Listing Status Sold

Purchase Type For Sale

Square Footage 2,500 sqft

Price per Sqft $148

Subdivision Trinity Vicinity

MLS Listing ID DENC2094920

Sold Date 03/06/26

Style Traditional

Abv Grd Liv Area 2,500

Year Built 1840

Available Date 2026-01-09

Annual Tax Amount $2,832

Tax Year 2025

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 22.50 x 150.00

Property Sub-Type Twin/Semi-Detached

Source BRIGHT

Property Description

Prime Investment Opportunity – Fully Rented Triplex in Historic Trinity Vicinity. High Demand Location. Solid income-producing triplex located at 906 N. Madison Street, set on a charming, tree-lined block in the highly desirable Historic Trinity Vicinity. This fully leased, three-unit property offers an attractive and versatile unit mix, including one efficiency studio unit with one full bath, one spacious 2-bedroom split unit with 2 full bathrooms, and one 2-bedroom one full bath flat on the first floor—appealing to a broad tenant base. Ideally positioned within walking distance to offices, retail, dining, the post office, and public transportation, this location supports strong rental demand and long-term stability. A turnkey opportunity for investors seeking a well-located, income-generating multi-unit asset in the heart of the city. Tenant pays for heat, electricity and hot water. Landlord pays for water & sewer. 2 Bedroom 2 Bath Unit rent is $1,325.
2 Bedroom 1 Bath Unit rent is $1,250. Studio rent is $875. Gross rent for all three units is $41,400. Management fee is 8%. Buyer is not obligated to use the current Management Company.

Location

State DE

County New Castle

Area Wilmington (30906)

Zoning 26R-4

Interior

Hot Water Electric

Heating Hot Water, Baseboard - Electric

Cooling Wall Unit

Fireplace N

Heat Source Electric

Exterior

Water Access N

Accessibility None

Garage N

Building

Foundation Other

Above Ground Finished SqFt 2500

Sewer Public Sewer

Water Public

Architectural Style Traditional

Additional Building Above Grade, Below Grade

New Construction N

Schools

Elementary Schools Stubbs

Middle Schools Bayard

High Schools Christiana

School District Christina

Others

Tax ID 26-028.30-255

Ownership Fee Simple

SqFt Source 2500

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Zachary Foust

Zachary Foust

Team Leader | License ID: RS-0024322

+1(302) 265-4001

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