940 N Spruce St

Wilmington, DE 19801
  • $295,900

    Price
  • 5

    Bed
  • 3

    Bath
  • 2,624

    SqFt

About the Listing GOLDKEY - 3359965

This end-of-row Eastside triplex presents an excellent opportunity for an investor looking to add an income-producing asset to an existing portfolio or establish a strong foundation for a new one. The property features durable masonry and heavy-timber construction, with two spacious 2-bedroom units and one 1-bedroom unit. Each unit has separate systems for heat, hot water, and electric, providing straightforward management and utility responsibility. The first-floor unit offers a private exterior entrance, while the second- and third-floor units are accessed through a shared interior staircase. The 2nd and 3rd floor units are currently occupied, providing immediate rental income and an established tenant base from day one. There is a fenced in back yard for the 1st floor unit to utilize. And also a fire escape for the 2nd and 3rd floor units. With renovations, new construction, and neighborhood investment taking place on surrounding blocks, Wilmington’s Eastside is experiencing meaningful momentum. This is an opportunity to secure an income-producing property in a community poised for continued growth and transformation. Get in while the Eastside is turning the corner!

Listing Highlights

Status Active
Days on Site 6
Property Type Multi-Family
MLS ® DENC2109392
Year Built 1903
Total Square Footage 2,624
Lot/Acreage 0.03

Interior Details

  • Bedrooms: 5
  • Bathrooms: 3 Full
  • Appliances: Exhaust Fan, Microwave, Oven/Range - Electric, Refrigerator
  • Air Cond: Window Unit(s)
  • Heating: Baseboard - Electric
  • Fireplaces:
  • Floor: Laminated,Partially Carpeted
  • Above Ground Sq Ft: 2624
  • Below Ground Sq Ft: 0
  • Basement: Full
  • Other: Family Room Off Kitchen,Floor Plan - Traditional
  • Water: Public

Exterior Details

  • Lot Description: Rear Yard,Not New Construction,Horse Property: No,In City Limits
  • Garage Capacity: N/A
  • Lot Dimensions: 16.00 x 71.50
  • Zoning: 26R-3
  • Roof: Unknown
  • Others: Fire Escape
  • Sewer: Public Sewer
  • Parking Features: Unassigned,On Street

Financial Details

  • Tax Amount: $3,108
  • Taxes w/Assessments: N/A
  • Tax/Property ID: N/A
  • Tax Year: 2025

Payment Calculator

Monthly Payment

  • in Principal and Interest
  • in Taxes
Years
% Down Payment
% Mortgage Rate

Questions About..

940 N Spruce St Wilmington, DE 19801

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Never Miss A New Property

Get notified any time there's a new home on the market in this neighborhood!

Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.

Originating MLS: BRIGHT_MAIN

Agent profile image in chat bubble
Agent profile image in chat header

Lisa Horsey

| Lisa Horsey | Keller Williams Realty

Agent profile image in message

or another way