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131 W 18th St, 
Wilmington, DE 19802

$850,000


10

Beds


Bath


5,535

Sq Ft


Multi-Family

Pending

Listed by

Mark Stape

Pamela R Meissler

Compass, 3022029855, ashley.hess@compass.com

Last updated:

May 14, 2026, 07:41 AM

MLS#

DENC2099208

Source:

BRIGHTMLS

About This Home

131 W 18th St

Exceptional opportunity to acquire a 6-unit multifamily asset with 5 garages in a highly desirable Wilmington submarket known for strong and consistent rental demand. The property offers an attractive unit mix of two 1-bedroom units and four 2-bedroom units, along with a common laundry area, creating multiple income streams and broad tenant appeal. The asset is currently generating $88,740 in annual rental income at a 6.77% cap rate, with significant upside through strategic rent increases and operational improvements. Based on current market comparables, there is an estimated $22,860 in annual rental upside, supporting a projected stabilized income of $111,600 and a 9.04% cap rate. Ideally situated with convenient access to I-95, downtown Wilmington, major employers, and local amenities, the property benefits from strong tenant demand and consistent leasing activity. This offering presents a compelling investment for both new and experienced investors seeking stable in-place cash flow with clear value-add potential. With its solid unit mix, additional income from garages and laundry, and proven rental growth in the area, this asset is well-positioned for both immediate returns and long-term appreciation.

Home Facts

Multi-Family

10 Bedrooms

Built in 1921

Price Summary

850,000

$153 per Sq. Ft.

MLS #:

DENC2099208

Last Updated:

May 14, 2026, 07:41 AM

Added:

1 month(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

10


Structure

Structure

Architectural Style:

Colonial

Building Area:

5,535 Sq. Ft.

Year Built:

1921


Lot

Lot Size (Sq. Ft):

6,098


Finances & Disclosures

Finances

Price:

$850,000

Price per Sq. Ft:

$153 per Sq. Ft.

Source:BRIGHTMLS
The information being provided by Bright Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Bright Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.