Bought with Brenda Cepeda Josephs • Advanced Realty Solutions
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906 N MADISON ST Wilmington, DE 19801
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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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