513 North Broom Street

Wilmington, DE 19805

$395,000
Price
5
Beds
3
Baths
2,425 Sq. Ft.
$163 / Sq. Ft.
2,425
Sq. Ft.
$163
per Sq. Ft.

Description

Are you looking for a turn-key investment property that produces an immediate return on investment? If so, come see this fully occupied, 3-unit apartment building that is conveniently located near the Wilmington Riverfront, downtown employers, the Wilmington Train Station and easy access to I-95. Rarely available, this building has been well maintained by the current owners and features one 1 bedroom apartment and two 2 bedroom apartments. All apartments feature central air conditioning and each...Are you looking for a turn-key investment property that produces an immediate return on investment? If so, come see this fully occupied, 3-unit apartment building that is conveniently located near the Wilmington Riverfront, downtown employers, the Wilmington Train Station and easy access to I-95. Rarely available, this building has been well maintained by the current owners and features one 1 bedroom apartment and two 2 bedroom apartments. All apartments feature central air conditioning and each unit is separately metered for gas and electric services. Tenants pay their own utilities and the landlord pays the utilities for the common areas (basement and foyer), lawn/grounds care, property taxes and building insurance. Please see income and expense sheet for additional information. Notable updates include NEW HVAC systems for Units 1 & 2 (2023), NEW HVAC system for Unit 3 (2024), Newer Roof (2021), New Hot Water Heaters for Units 1 & 2 (2022), Unit 2 Remodeled (2023) and Unit 3 Remodeled (2024). The kitchens in the remodeled units feature GRANITE countertops. The property also comes with a coin-operating washer and dryer in the basement that are currently used by the tenants. Producing approximately $4,000 a month, this is a solid investment property with good rental history. You don’t want to miss this one! Although this property has been well maintained, property is being sold in “as is” condition.
  1. Listed by Renee Spruiel • RE/MAX Associates-Wilmington
    P: (302)-559-5402 rspruiel@yahoo.com

Property Details for 513 North Broom Street

Tax ID Number
26-027.30-281
Ownership
Fee Simple
Structure Type
Twin/Semi-Detached
Style
Traditional
Waterfront
No
Garage
No
Expected On Market Date
03-10-2025
Cross Street
W. 6th Street
LISTING UPDATED: 03/11/2025 01:29 PM

Property Details for 513 North Broom Street

StatusActive
MLS #DENC2077178
Days on Market3
Taxes$2,472 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Fee Simple
Year Built1890
Lot Size0.06 AC / 2,614 SF
CountyNew Castle County

Building Information for 513 North Broom Street

Stories-Residences3Year Built1890Building Size-Lot Size0.06 AC / 2,614 SF

Property Information for 513 North Broom Street

Location
Location
  • In City Limits: Yes
  • School District Name: RED CLAY CONSOLIDATED
  • School District County ID: 300200396545
  • SchoolDistrictSource: Listing Agent
  • County: NEW CASTLE
  • MLS Area: Wilmington (30906)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2024
  • Tax Assessed Value: $48,900
  • Year Assessed: 2024
  • County Tax: $123
  • Improvement Assessed Value: $45,100
  • City Town Tax: $1,049
  • Land Assessed Value: $3,800
  • Clean Green Assessed: No
  • Municipal Trash: Yes
  • Land Use Code: 0
  • Zoning: 26R-3
  • Tax Lot: 281
  • School Tax: $1,300
  • School Tax Payment Frequency: Annually
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Electricity, Lawn/Shrub Care, Sewer, Snow Removal, Taxes - Real Estate, Water
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 2,Unit 3
  • Units Furnished: None
  • Units Leased Count: 3
  • Number Of Units Month To Month: 2
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: Yes
  • Level: 1
  • Unit Type Lease Type: Month to Month
  • Beds Total: 1
  • Full Baths Count: 1
Unit 2
  • Type: Unit 2
  • Unit Type Occupied YN: Yes
  • Level: 2
  • Beds Total: 2
  • Full Baths Count: 1
Unit 3
  • Type: Unit 3
  • Unit Type Occupied YN: Yes
  • Level: 3
  • Unit Type Lease Type: Month to Month
  • Beds Total: 2
  • Full Baths Count: 1
Financial Information
Financial Information
  • Annual Rental Income: $47,700
  • Income Includes: Apartment Rentals, Laundry
  • Existing Lease Type: Month to Month, Long Term
Building Info
Building Info
  • Building Units Total: 3
  • Total Finished SQFT: 2,425.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 34.00 x 80.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 2404033
Parking
Parking
  • Type Of Parking: On Street
Interior Features
Interior Features
  • Fireplace: No
  • Appliances: Dryer, Range Hood, Refrigerator, Stainless Steel Appliances, Stove, Washer, Water Heater
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Exterior Features: Sidewalks
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: New Castle County Board of REALTORS

Property History for 513 North Broom Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 513 North Broom Street

Taxable ValueLand$3,800Additions$45,100Total$48,900
Tax Record2024$1,526 ($127 / month)
Home Facts
Baths3Total Finished SqFt2,425 SqFtAbove Grade Finished SqFt2,425 SqFtStories3Lot Size2,614 SqFtStyleMulti-Family Dwelling (2-4)Year Built1890Year Renovated1993Zoning26R-3CountyNEW CASTLEAPN26-027.30-281

Schools near 513 North Broom Street

This home is within Red Clay Consolidated School District.
Rating
School
Type
Grades
Distance
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Public - 1 to 10
Rating
School
Distance
Warner Elementary School
Public3 to 5

duPont (H.B.) Middle School
Public6 to 8

duPont (Alexis I.) High School
Public9 to 12

First State School
Public1 to 10

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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513 North Broom Street is a multi-family home for sale in Wilmington, DE 19805. This property was listed for sale on March 10, 2025 by RE/MAX Associates-Wilmington, it's currently listed at $395,000. This listing's school district is Red Clay Consolidated School District. Nearby schools include Warner Elementary School, duPont (H.B.) Middle School and duPont (Alexis I.) High School. 513 North Broom Street is a 5-bed, 3-bath, 2,425 sqft multi-family home built in 1890.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Associates-Wilmington

Based on information from one of the following Multiple Listing Services: BRIGHT, Greator Scranton Board of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greator Scranton Board of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.