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101 E 35th St, Wilmington, DE 19802

$595,000
•
  • —

    bed

  • —

    bath

  • 2,800

    Sqft ($213/Sqft)

Multi-family for sale 31 hours

About 101 E 35th St

Property type Multi-family
Neighborhood
Year built 1935
HOA fee $0/month
Lot size 4,791 Sqft
Movoto estimate
Rental estimate
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!**
Listed by
Listing Agent - Kevin Hobbs
Listing Office - Coldwell Banker Realty
Source: Bright MLS mls logo
MLS#DENC2113680 • last updated 23 hours ago
Movoto checked Bright MLS for data 1 minute ago
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Overview
Cooling/AC Programmable Thermostat, Multi Units, Ductless/Mini-Split, Electric
Heating Natural Gas
Levels/Style Colonial
Type Multi-Family
SubType Triplex
Status Active
SqFt 2800
Lot Size (SqFt) 4791
Lot Size (Acres) 0.11
County Tax 163, Annually
City/ Town Tax 1415
School Tax 2683
Tax: Assessed Value 378300
Annual Property Tax 4261
Year Built 1935
Condition Excellent, Average, Good
New Construction (Y/N) N
Foreclosure (Y/N) N
Interior
Laundry Basement
Appliances 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
Walls/ Ceilings Dry Wall
Accessibility Features None
Exterior
Roof Shingle
Foundation Block
Parking Desc On Street
Existing Structures Above Grade, Below Grade
Amenities / Utilities
Sewer/ Septic Public Sewer
Electricity 100 Amp Service
Pool No Pool
Location
Water Source Public
High School BRANDYWINE
Elementary School CARRCROFT
School District BRANDYWINE
Middle School SPRINGER
Directions I-95S To Exit 8 (US-202 S/Concord Pike Toward Wilmington). Merge Onto US-202 S. Keep Left To Stay On US-202 S/Concord Ave. Turn Left Onto E 35th St. Property Will Be On The Left.
Zoning 26R-3, Approved Variance For Multi-family
Multifamily Details
Owner Pays Other
# 1-Bedroom Units 1
# 2-Bedroom Units 1
# 3-Bedroom Units 1
# Units Furnished Some
Vacancy Allowance Rate 5
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Source: GreatSchools.org © 2026. All rights reserved.

Around Eastlawn

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  • Real Estate
  • DE
  • New Castle County
  • Wilmington
  • 19802
  • Eastlawn
  • 101 E 35th St

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