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1001 & 1003 W. 8th St. W 8TH STREETWILMINGTON, DE 19806

Commercial · 4,350 Sq. ft. | 0.11 Acres
$1,050,000 ACTIVE

1001 & 1003 W. 8th St. W 8TH STREET Overview

Time on Site:
72 days
Visits:
5

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 Commercial
  • Sq. ft. 4,350
  • Price/Sq.ft. $241
  • Lot 0.11 Acres

Details

General

Income/Expenses

  • Income Includes: Apartment Rentals
  • Operating Expense Includes: Electric,Insurance,Sewer,Water

Listing Information

  • Real Estate Owned: No
  • Short Sale: No

Building Information

  • New Construction: No
  • Year Built: 1889

Business Information

  • Business Type: Apartment Building

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: Driveway,On Street

Rent/Lease Information

  • Lease Considered: No

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: Five Or More Units
  • Property Type: Commercial Sale
  • School District Name: RED CLAY CONSOLIDATED
  • Special Listing Conditions: Standard
  • Vacation Rental: No
  • Year Assessed: 2025
  • Zoning: 26R-3

Interior

Building Information

  • Building Winterized: No
  • Cooling Fuel: Electric
  • Heating Fuel: Electric,Natural Gas
  • Total Drive In Doors: 0

Parking Information

  • Garage: No

Building Interior

  • Building Area Source: Estimated
  • Building Area Total: 4350.00
  • Central Air: Yes
  • Hot Water: Electric,Natural Gas

General Information

  • Accessibility Features: None
  • Cooling: Ceiling Fan(s), Central A/C
  • Electric: 200+ Amp Service, Circuit Breakers
  • Flooring: Carpet, Laminate Plank
  • Foundation Details: Stone
  • Stories Total: 3

Exterior

Building Information

  • Total Loading Docks: 0

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

  • Construction Materials: Brick
  • Fencing: Yes
  • Roof: Flat

General Information

  • Number Of Units Total: 9
  • Sewer: Public Sewer
  • Water Access: No

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
Community data courtesy of LiveBy, Inc.

1001 & 1003 W. 8th St. W 8TH STREET Monthly Cost

$
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1001 & 1003 W. 8th St. W 8TH STREET Market Data

Based on the last 30 days in this zip code

$466,793
Average List Price
$294
Average Price per Square Foot
15
Properties Sold
79
Average Days on Market
49
Properties for Sale
Calculations provided by Reliance Network

1001 & 1003 W. 8th St. W 8TH STREET History

Date Event Value Agent
4/18/2026Source: BRIGHT MLS Added to Database
April 18, 2026
Listing provided courtesy of Pantano Real Estate Inc- MLS# DENC2099042MLS ProviderContact Information: [email protected] - 3028880300