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Sold on 03/12/2024

111 E 38th St, Wilmington, DE 19802

$283,000

Last sold 03/12/2024 for $355K

  • —

    bed

  • —

    bath

  • 2,725

    Sqft ($130/Sqft)

Multi-family not for sale
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About 111 E 38th St

Property type Multi-family
Neighborhood
Year built 1925
HOA fee $0/month
Lot size 2,178 Sqft
Movoto estimate
Rental estimate
Property description
BACK ON THE MARKET, BUYERS FINANCING FELL THROUGH!! Explore the potential of this well-appointed triplex in a sought-after location providing comfortable living spaces for tenants. Highlights: Modern amenities and finishes throughout, Well-maintained, Excellent rental income potential. Convenient location nearby amenities, public transportation. This triplex is a savvy investment or ideal for an owner-occupant looking to offset mortgage costs. Don't miss out on this versatile property – schedule your viewing today! Units are tenant occupied. Unit 1 is a one bedroom and is vacant, it's perfect for an owner occupant. Unit 2 is a one bedroom unit is paying $1220 a month and Unit 3 is a two bedroom unit paying $1000 a month.
Listed by
Listing Agent - Marlon C Belfon
Listing Office - English Realty
Source: Bright MLS mls logo
MLS#DENC2052382 • last updated 2 years ago
Movoto checked Bright MLS for data 5 minutes ago
Overview
Cooling/AC None, None
Heating Natural Gas
Levels/Style Straight Thru
Type Multi-Family
SubType Triplex
Status Closed
SqFt 2725
Lot Size (SqFt) 2178
Lot Size (Acres) 0.05
County Tax 385, Annually
School Tax 1267
Tax: Assessed Value 46700
Annual Property Tax 1652
Year Built 1925
New Construction (Y/N) N
Foreclosure (Y/N) N
Interior
Total # of Rooms 4
Accessibility Features None
Exterior
Construction Brick
Foundation Permanent
Parking Desc On Street
Existing Structures Above Grade, Below Grade
Amenities / Utilities
Sewer/ Septic Public Sewer
Pool No Pool
Inclusions Appliances In As-is Condition
Location
Subdivision PENN ROSE
Water Source Public
School District BRANDYWINE
Directions GPS
Zoning NC5
Multifamily Details
# 1-Bedroom Units 2
# 2-Bedroom Units 1
# Units Vacant 1
$283K
Range: $220K-$345K
Last 30 days 
Rental est.: $1,463/month
Gross rent multiplier: 20.2
  • Mar 2024
    mls logo MLS # DENC2052382
  • Mar 12, 2024 Sold
    $355,000 (-1.4%)
  • Mar 11, 2024 Pending
    —
  • Feb 12, 2024 Active
    —
  • Feb 6, 2024 Listed
    $360,000 (-4.0%)
  • Dec 14, 2023 Active
    —
  • Dec 14, 2023 Price Change
    $375,000 (+4.2%)
  • Dec 4, 2023 Listed
    $360,000 (+24.1%)
  • Sep 2021
    mls logo MLS # DENC2002226
  • Sep 20, 2021 Sold
    $290,000
  • Jul 26, 2021 Pending
    —
  • Jul 13, 2021 Listed
    $290,000 (+27.5%)
  • Jan 2019
    mls logo MLS # 1002047484
  • Jan 18, 2019 Sold
    $227,500 (-5.0%)
  • Dec 9, 2018 Pending
    —
  • Oct 5, 2018 Price Change
    $239,500 (-4.1%)
  • Sep 13, 2018 Price Change
    $249,800
  • Jul 16, 2018 Listed
    $249,900 (+143.8%)
  • Jul 2018
    mls logo MLS # 1002047798
  • Jul 16, 2018 Listed
    $249,900
  • Nov 2015
    mls logo MLS # 6664490
  • Nov 30, 2015 Sold
    $102,500
  • Nov 8, 2015 Pending
    —
  • Oct 26, 2015 Listed
    $125,000
  • Nov 2015
    mls logo MLS # 1002725458
  • Nov 30, 2015 Sold
    $102,500 (-18.0%)
  • Oct 26, 2015 Listed
    $125,000 (-16.6%)
  • Feb 2015
    mls logo MLS # 6445820
  • Feb 25, 2015 Price Change
    $149,900 (-6.3%)
  • Jan 18, 2015 Price Change
    $159,900 (-3.1%)
  • Oct 24, 2014 Price Change
    $165,000 (-13.1%)
  • Sep 26, 2014 Price Change
    $189,900 (-5.0%)
  • Aug 22, 2014 Listed
    $199,900 (+14.9%)
  • Oct 2006
    mls logo MLS # 4808115
  • Oct 31, 2006 Sold
    $174,000
  • Sep 11, 2006 Listed
    $174,000 (+35.9%)
  • Aug 2001
    mls logo MLS # 3002115
  • Aug 17, 2001 Sold
    $128,000
  • May 1, 2001 Listed
    $128,000 (+42.2%)
  • Jan 2000
    mls logo MLS # 1227252
  • Jan 27, 2000 Sold
    $90,000
  • Nov 1, 1999 Listed
    $90,000
  • Jan 2000
    mls logo MLS # 1227241
  • Jan 27, 2000 Sold
    $90,000
  • Nov 1, 1999 Listed
    $90,000
  • Year Property taxes Tax assessment
  • 2025
    $1,895 +26.4%
    $251,900 +442.89%
  • 2024
    $1,499 +10.2%
    $46,400
  • 2023
    $1,361 -42.3%
    $46,400
  • 2022
    $2,357 +2.5%
    $46,400
  • 2021
    $2,299 +129.9%
    $46,400
  • 2020
    $1,000 -56.7%
    $46,400
  • 2019
    $2,309 +2.3%
    $46,400
  • 2018
    $2,257 +3.5%
    $46,400
  • 2016
    $2,181 +10.1%
    $46,400
  • 2015
    $1,981
    —
  • 111 E 38th St
    $355K
  • Penn Rose
    —
  • 19802
    $219K +4% y/y
  • Wilmington
    $319K +3% 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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