Movoto Real Estate
Sold on 11/27/2023

110 E Fortieth St, Wilmington, DE 19802

$448,697

Last sold 11/27/2023 for $395K

  • —

    bed

  • —

    bath

  • 3,750

    Sqft ($105/Sqft)

Multi-family not for sale

About 110 E Fortieth St

Property type Multi-family
Neighborhood
Year built 1977
HOA fee $0/month
Lot size 4,356 Sqft
Movoto estimate
Rental estimate
Property description
One-of-a-kind multifamily property solidly built in 1977 by the current owner. This property is gigantic and is NOT located within the city limits. There are currently 3 units with separate electric meters as follows. Main Floor 3BR, 2-1/2 ba unit was occupied by the owner and was not rented, and is currently vacant. The main floor unit and the walkout finished basement both with multiple entryways are enormous and have the potential to be divided into additional apartments. Amenities include 4 Off Street parking spaces. Inside could use some cosmetic updates to brighten up the rooms. The exterior pitched roof has been replaced and the home has real Stucco, not synthetic. Two separate lockable storage units for tenants. The house is on a quiet dead-end street. This is a tremendous opportunity for a savvy investor.
Listed by
Listing Agent - David R Harrell
Listing Office - Long & Foster Real Estate, Inc.
Source: Bright MLS mls logo
MLS#DENC2046566 • last updated 2 years ago
Movoto checked Bright MLS for data 6 minutes ago
Overview
Cooling/AC Central A/C, Electric
Heating Electric
Levels/Style Colonial
Type Multi-Family
SubType Triplex
Status Closed
SqFt 3750
Lot Size (SqFt) 4356
Lot Size (Acres) 0.1
County Tax 924, Annually
School Tax 3038
Tax: Assessed Value 112000
Annual Property Tax 3962
Year Built 1977
New Construction (Y/N) N
Foreclosure (Y/N) N
Interior
Basement Full, Fully Finished
Accessibility Features None
Exterior
Roof Pitched
Construction Other
Foundation Block
Parking Desc Asphalt Driveway, Off Street
# Parking Spaces 4
# Off-Street Spaces 4
Existing Structures Above Grade, Below Grade
Amenities / Utilities
Sewer/ Septic Public Sewer
Pool No Pool
Location
Subdivision PENN ROSE
Water Source Public
School District BRANDYWINE
Directions E Lea Blvd To Pine Street. L On E 40th St. Home On R Towards The End Of The Street.
Zoning NC5
Multifamily Details
# 1-Bedroom Units 1
# 2-Bedroom Units 1
# 3-Bedroom Units 1
# Units Furnished Some
# Units Month To Month 2
# Units Vacant 1
$448K
Range: $403K-$493K
Last 30 days 
Rental est.: $1,463/month
Gross rent multiplier: 22.5
  • Nov 2023
    mls logo MLS # DENC2046566
  • Nov 27, 2023 Sold
    $395,000 (-1.0%)
  • Sep 25, 2023 Pending
    —
  • Sep 9, 2023 Active
    —
  • Aug 21, 2023 Price Change
    $399,000 (-11.1%)
  • Jul 31, 2023 Listed
    $449,000
  • Year Property taxes Tax assessment
  • 2025
    $4,257 -2.6%
    $479,200 +327.86%
  • 2024
    $4,372 +23.1%
    $112,000
  • 2022
    $3,553 -2.7%
    $112,000
  • 2021
    $3,651
    $112,000
  • 2020
    $3,649 -6.7%
    $112,000
  • 2019
    $3,910 +9.6%
    $112,000
  • 2018
    $3,567 +7.8%
    $112,000
  • 2016
    $3,308
    $112,000
  • 110 E Fortieth St
    $395K
  • Penn Rose
    —
  • 19802
    $209K 0% y/y
  • Wilmington
    $315K +1% y/y
No chart available
Statistics calculated by Movoto

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4/10
Harlan (David W. ) Elementary School
public Grades PK, K-5
Brandywine School District
3/10
duPont (Pierre S.) Middle School
public Grades 6-8
Brandywine School District
6/10
Brandywine High School
public Grades 9-12
Brandywine School District
Source: GreatSchools.org © 2026. All rights reserved.

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Nearby recently sold homes in Wilmington, DE

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Newest listings in 19802

  • Real Estate
  • DE
  • New Castle County
  • Wilmington
  • 19802
  • 110 E Fortieth St
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The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Movoto participates, and is provided by BRIGHT through a licensing agreement.The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 10/31/2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closedor are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHTMLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually solddue to reporting errors.
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