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Investment Opportunity - Monument Square Apartments presents a rare chance to acquire a stabilized 11 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 18 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.
| DAYS ON MARKET | 3 | LAST UPDATED | 11/11/2025 |
|---|---|---|---|
| TRACT | TROLLEY SQUARE | YEAR BUILT | 1910 |
| COMMUNITY | Wilmington (30906) | COUNTY | NEW CASTLE |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | RED CLAY CONSOLIDATED |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air, Electric, Gas |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | Wilmington (30906) |
| CONSTRUCTION | Brick |
| HEAT | Forced Air, Natural Gas, Oil, Radiant, Zoned |
| LOT | 6534 sq ft |
| LOT DIMENSIONS | 41.10 x 125.00 |
| PARKING | On Street |
| SEWER | Public Sewer |
| STORIES | 3 |
| SUBDIVISION | TROLLEY SQUARE |
| TAXES | 3165 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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