# 131 W 18TH Street, WILMINGTON, DE 19802

> **TL;DR:** residential multi family, $850,000 ($154/sqft), built 1921, 5,535 sqft. Est. $3,683/mo. Listed 22 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $850,000 |
| Price/sqft | $154 |
| Square Feet | 5,535 |
| Year Built | 1921 |
| Lot Size | 6,098 sqft (0.14 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 22 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,683 |
| **Total** | **$3,683** |

## Property Highlights

- Built in 1921
- 0.14 acre lot

## Description

### Agent Description
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.

## Location

- **Address:** 131 W 18TH Street, WILMINGTON, DE 19802
- **County:** NEW CASTLE
- **Coordinates:** 39.7529, -75.54459
- **Google Maps:** https://www.google.com/maps?q=39.7529,-75.54459

## Listing Agent

- **Name:** Mark Stape
- **Brokerage:** Compass
- **Phone:** 3022029855
- **Email:** mark.stape@compass.com

## Primary Photo

![131 W 18TH Street - Primary Photo](http://lh.rdcpix.com/99d977bb19c5c4df71b1913bcabce9fal-f2294232308r.jpg)

*12 total photos available on [listing page](https://www.propertysimple.com/listing/131-w-18th-street-wilmington-de-19802-c2099208)*

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**MLS#:** DENC2099208 | **Updated:** 2026-04-24
**Source:** listhub

*Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/131-w-18th-street-wilmington-de-19802-c2099208)

---

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