1300 N FRENCH ST Wilmington, DE 19801 New
UPDATED: 06/03/2026 01:40 PM ON MARKET: 4 days on market
$1,250,000
16 Beds9 Baths6,513 SqFt
Key Details
Property Type Single Family Home, Townhouse
Sub Type Twin/Semi-Detached
Listing Status Active
Purchase Type For Sale
Square Footage 6,513 sqft
Price per Sqft $191
Subdivision None Available
MLS Listing ID DENC2104328
Style Colonial
Bedrooms 16
Full Baths 9
HOA Y/N N
Abv Grd Liv Area 6,513
Year Built 1920
Annual Tax Amount $27,990
Tax Year 2025
Lot Size 5,227 Sqft
Acres 0.12
Lot Dimensions 16.00 x 300
Property Sub-Type Twin/Semi-Detached
Source BRIGHT
Property Description
Exceptional opportunity to acquire an 8-unit multifamily property (with potential for a 9th unit subject to zoning) in a highly desirable downtown Wilmington location known for strong and consistent rental demand.
The property offers an attractive and diverse unit mix of four 1-bedroom, three 2-bedroom, and two 3-bedroom units across 6,513 square feet. This well-balanced layout, combined with the opportunity to add a ninth unit, creates strong tenant appeal and multiple avenues for income growth.
The asset has significant value-add upside through leasing the 9th unit, implementing RUBS (80% recapture assumed), and contesting the current property tax assessment of $1,478,500.
Ideally situated near ChristianaCare Wilmington Hospital, with excellent accessibility via I-95, public transportation, and proximity to employment hubs, downtown amenities, and Rodney Square, the property benefits from robust tenant demand and consistent leasing activity in this established neighborhood.
This offering presents a compelling investment for both new and experienced investors seeking stable in-place cash flow with clear, achievable value-add potential. With its diverse unit mix, strong location fundamentals, and multiple levers for income and expense optimization, 1300 N French Street is well-positioned for immediate returns and long-term appreciation in the Wilmington market.
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