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Request Info$1,050,000
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1001 & 1003 W. 8th St. W 8TH STREET Overview
- Time on Site:
- 72 days
- Visits:
- 18
Welcome to Cool Springs, located on the Westside of the City of Wilmington! Proximity to highways, places of worship, educational facilities, and moments to hot spots in Trolley Square, Union Street, and the Central Business district downtown, this is right in the middle of it all! Nine unit apartment building comprised of two structures with separate entrances with a common access basement is ready for its next operator. 1001 offers four units while 1003 offers five. A sliver of off street parking rounds out the amenities for tenants and management alike. An eclectic mix of modern and functional units that afford a cozy lifestyle for tenants. Separate systems make operation dynamics a breeze and keep owner expenses to a minimum. Excellent opportunity for some value add projects while repositioning of rents to increase cash flow and maximize return on investment. Could be the cornerstone of a performing portfolio, or a healthy addition to a scaled operation. A unique opportunity in a desirable locale for the smart investor to capitalize on!
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1001 & 1003 W. 8th St. W 8TH STREET Facts & Features
- Type Multi-Family
- Sq. ft. 4,350
- Price/Sq.ft. $241
- Lot 0.11 Acres
Details
General
Income/Expenses
- Existing Lease Type: Month to Month,Yearly
Listing Information
- Real Estate Owned: No
- Short Sale: No
Building Information
- New Construction: No
- Pool: No Pool
- Total SQFT: 4350
- Year Built: 1889
Location/Region
- Country: US
- County: NEW CASTLE
- County Or Parish: NEW CASTLE
- In City Limits: Yes
- MLS Area Major: Wilmington (30906)
Parking Information
- Total Parking Spaces: 4
- Type of Parking: On Street,Driveway
Tax Information
- City/Town Tax: 3857.28
- City/Town Tax Payment Frequency: Annually
- County Tax: 436.16
- County Tax Payment Frequency: Annually
- School Tax: 3788.05
- School Tax Payment Frequency: Annually
- Tax Annual Amount: $8,065.21
- Tax Assessed Value: 772200.00
- Tax Year: 2025
General Information
- Exclusions: Tenant Personal Property
- Inclusions: As Shown
- Municipal Trash: Yes
- Property Condition: Good
- Property Sub Type: Other
- Property Type: Multi-Family
- Rent Control: No
- School District Name: RED CLAY CONSOLIDATED
- Special Listing Conditions: Standard
- Vacation Rental: No
- Year Assessed: 2025
- Zoning: 26R-3
Unit Information
- Other Units: Unit 1,Unit 2,Unit 4,Unit 5,Unit 8,Unit 3,Unit 6,Unit 7,Unit 9
Interior
Building Information
- Building Winterized: No
- Cooling Fuel: Electric
- Heating Fuel: Natural Gas,Electric
Parking Information
- Garage: No
Building Exterior/Construction
- Structure Type: Twin/Semi-Detached
- Wall & Ceiling Types: Dry Wall,Plaster Walls
Building Interior
- Above Grade Finished Area: 4350
- Above Grade Finished Area Source: Estimated
- Above Grade Finished Area Units: Square Feet
- Below Grade Finished Area: 0
- Below Grade Finished Area Source: Assessor
- Below Grade Finished Area Units: Square Feet
- Central Air: Yes
- Hot Water: Natural Gas,Electric
General Information
- Accessibility Features: None
- Cooling: Central A/C, Ceiling Fan(s)
- Electric: 200+ Amp Service, Circuit Breakers
- Fireplace: No
- Flooring: Carpet, Laminate Plank, Vinyl
- Foundation Details: Stone
- Living Area: 4350
- Living Area Source: Estimated
- Spa: No
- Stories Total: 3
- Units Furnished: None
Unit Information
- One Bedroom Units Count: 9
- Single Room Units Count: 0
- Three Bedroom Units Count: 0
- Two Bedroom Units Count: 0
Exterior
Parking Information
- Parking Features: Concrete Driveway
Lot Information
- Lot Dimensions Source: Estimated
- Lot Size Acres: 0.11
- Lot Size Dimensions: 47x105
- Lot Size Source: Estimated
- Lot Size Square Feet: 4935.00
- Lot Size Units: Square Feet
- Water Source: Public
Waterfront/View
- Water Oriented: No
- Water View: No
- Waterfront: No
Building Exterior/Construction
- Architectural Style: Colonial
- Construction Materials: Brick
- Patio And Porch Features: Porch(es), Deck(s)
- Roof: Flat
General Information
- Exterior Features: Exterior Lighting, Fire Escape, Sidewalks, Street Lights
- Number Of Units Leased: 9
- Number Of Units Total: 2
- Number Of Units Vacant: 0
- Other Structures: Above Grade,Below Grade
- Sewer: Public Sewer
- Water Access: No
Unit Information
Unit 1 Details
- Unit Type: Unit 1
- Total Rent: 800.00
- Beds Total: 1
Unit 2 Details
- Unit Type: Unit 2
- Total Rent: 925.00
- Beds Total: 1
Unit 3 Details
- Unit Type: Unit 3
- Total Rent: 900.00
- Beds Total: 1
Unit 4 Details
- Unit Type: Unit 4
- Total Rent: 650.00
- Beds Total: 1
Unit 5 Details
- Unit Type: Unit 5
- Total Rent: 1000.00
- Beds Total: 1
Unit 6 Details
- Unit Type: Unit 6
- Total Rent: 1379.00
- Beds Total: 1
Unit 7 Details
- Unit Type: Unit 7
- Total Rent: 1000.00
- Beds Total: 1
Unit 8 Details
- Unit Type: Unit 8
- Total Rent: 500.00
- Beds Total: 1
Unit 9 Details
- Unit Type: Unit 9
- Total Rent: 600.00
- Beds Total: 1
1001 & 1003 W. 8th St. W 8TH STREET Neighborhood
Community
19806 (WILMINGTON) Demographics
42
Median Age
4,774
Population Density (per sq. mile)
74%
College Educated
$70,256
Estimated Median Income
2,655
Estimated Total Home Owners
2,731
Estimated Total Renters
49% / 51%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
1001 & 1003 W. 8th St. W 8TH STREET Monthly Cost
1001 & 1003 W. 8th St. W 8TH STREET Market Data
Based on the last 30 days in this zip code
$434,457
Average List Price
$289
Average Price per Square Foot
15
Properties Sold
78
Average Days on Market
50
Properties for Sale
1001 & 1003 W. 8th St. W 8TH STREET History
| Date | Value | Agent |
|---|---|---|
| 4/18/2026Source: BRIGHT MLS | April 18, 2026 |
Listing provided courtesy of Pantano Real Estate Inc- MLS# DENC2099036
Contact Information: [email protected] - 3028880300
Contact Information: [email protected] - 3028880300