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1401 & 1403 N Broom St, 
Wilmington, DE 19806

$1,995,000


9

Beds


Bath


8,095

Sq Ft


Multi-Family

Active

Listed by

Buzz Moran

Jordan Oncay

Long & Foster Real Estate, Inc.

Last updated:

September 16, 2025, 01:37 PM

MLS#

DENC2089420

Source:

BRIGHTMLS

About This Home

1401 & 1403 N Broom St

Investment Opportunity – Monument Square Apartments presents a rare chance to acquire a stabilized 10-unit multifamily property in Wilmington’s sought-after Trolley Square neighborhood. The asset consists of two adjoining three-story brick buildings on separate parcels, with each apartment featuring its own character and separately metered utilities. Over the past five years, ownership has invested in both cosmetic updates and key system improvements across all units, enhancing tenant appeal and reducing near-term capital needs. The property is well-positioned to provide consistent cash flow with upside through future rent growth in a high-demand submarket. For scale-minded investors, this property can also be acquired with two adjacent buildings totaling 19 additional units plus a buildable lot, offering immediate portfolio expansion in one of Wilmington’s most desirable rental corridors. Full financials and package details available upon request.

Home Facts

Multi-Family

9 Bedrooms

Built in 1877

Price Summary

1,995,000

$246 per Sq. Ft.

MLS #:

DENC2089420

Last Updated:

September 16, 2025, 01:37 PM

Added:

2 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

9


Structure

Structure

Architectural Style:

Colonial

Building Area:

8,095 Sq. Ft.

Year Built:

1877


Lot

Lot Size (Sq. Ft):

7,840


Finances & Disclosures

Finances

Price:

$1,995,000

Price per Sq. Ft:

$246 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. © 2025 Bright MLS All rights reserved.

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