1131 S Broom Street, Wilmington, DE 19805
- $580,000
- 4,650
- SqFt
- Sold Price
- $580,000
- List Price
- $580,000
- Closing Date
- Feb 26, 2026
- Days on Market
- 17
- Status
- CLOSED
- MLS#
- DENC2095232
- Living Area
- 4,650
- Lot Size (Acres)
- 0.21
- Style
- Converted Dwelling, Cape Cod, Carriage House
- Year Built
- 1940
- County
- New Castle
- School District
- Red Clay Consolidated
Property Description
Discover a rare and high-yield investment opportunity with this versatile multi-structure property situated on a single parcel in Wilmington’s Cleland Heights. This unique setup features two distinct buildings, offering a great mix of four move-in ready renovations and significant value-add potential. The first structure is a two-story building housing two fully updated upper-level apartments and a large driveway offering plenty of off-street parking. These two-bedroom units feature top-to-bottom improvements, including durable LVP flooring, modern grey cabinetry, and bright white bathrooms, all supported by new 2023 HVAC systems and private in-unit laundry. Below them, a large lower-level space with existing bath presents a prime opportunity to build out a fifth unit (3-bed), a professional office, or functional garage bays. The second structure is a classic Cape Cod divided into a spacious two-bedroom unit on the main level and a three-bedroom unit on the 2nd floor. The upper unit features a private mudroom entrance, original solid hardwoods, and a kitchen with dark cabinetry, while the large lower unit has a fully renovated kitchen and an updated bathroom with marble tile surrounds. This unit can function as a 3-bed if desired by the tenants. Both Cape Cod units include their own laundry and fresh paint throughout. Further adding to the value, the Cape Cod building includes a full basement with separate gas boilers and separately metered electric, offering excellent storage or the potential for a sixth unit conversion. Whether you are looking for a solid house-hacking setup or a high-performing addition to your rental portfolio, this property delivers updated finishes and plenty of room to grow your equity in one package.
/u.realgeeks.media/searchchestercounty/header2.png)
Additional Information
- Area
- Wilmington (30906)
- Subdivision
- Cleland Heights
- Taxes
- $2806
- Stories
- 3
- School District
- Red Clay Consolidated
- Fireplaces
- 1
- Flooring
- Hardwood, Luxury Vinyl Plank
- Garage
- Yes
- Garage Spaces
- 2
- Heating
- Forced Air
- Heating Fuel
- Natural Gas
- Cooling
- Central A/C
- Roof
- Pitched, Shingle
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
Mortgage Calculator
Listing courtesy of Coldwell Banker Realty. Contact:
Selling Office: .