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Investment Opportunity - Monument Square Apartments | Trolley Square, Wilmington, DE Monument Square Apartments presents a rare opportunity to acquire a stabilized 8-unit multifamily asset along with a buildable lot in the heart of Wilmington's highly desirable Trolley Square neighborhood. Two separate parcels, a lot approved for 4-6 units and an apartment building Uniquely renovated and designed, with individually metered utilities, providing operational efficiency and tenant autonomy. Current ownership has invested in comprehensive improvements over the past five years, including both cosmetic upgrades and essential system enhancements across all units. These capital improvements have elevated the asset's marketability while significantly reducing near-term maintenance exposure. The property is cash-flow positive with strong in-place income and additional upside potential through future rent growth in a supply-constrained, high-demand submarket. The adjacent buildable lot offers capacity for 4-6 new two-bedroom units, presenting a valuable expansion or development opportunity. Financials, rent roll, and development schematics available upon request.
| DAYS ON MARKET | 0 | LAST UPDATED | 10/2/2026 |
|---|---|---|---|
| TRACT | TROLLEY SQUARE | YEAR BUILT | 1900 |
| COMMUNITY | Wilmington (30906) | COUNTY | NEW CASTLE |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| School District | RED CLAY CONSOLIDATED |
|---|
| ADDITIONAL DETAILS | |
| AIR | Central Air, Gas |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| AREA | Wilmington (30906) |
| BASEMENT | Yes |
| CONSTRUCTION | Brick |
| HEAT | Baseboard, Forced Air, Natural Gas |
| LOT | 0.25 acre(s) |
| LOT DIMENSIONS | 148.50 x 91.50 |
| PARKING | Private, Parking Lot |
| SEWER | Public Sewer |
| SUBDIVISION | TROLLEY SQUARE |
| TAXES | 14953 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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