Multi-Family $ 415,000

319 WASHINGTON ST

Delaware City, DE 19706

  • 2,016 SqFt
  • 4,356 Lot Size
  • 1910 Year Built
Turnkey Investment Opportunity – Fully Renovated 3-Unit Apartment Building

Discover an exceptional investment opportunity in the heart of a charming small town – a fully renovated, income-generating 3-unit apartment building that combines modern luxury with small-town appeal.

This property has been meticulously updated from top to bottom, including all-new electrical, HVAC, and plumbing systems, ensuring long-term peace of mind and reduced maintenance costs for years to come.

Each of the three spacious units features brand-new luxury vinyl plank flooring, adding durability and style throughout. The high-end kitchens are outfitted with sleek granite countertops, new cabinetry, and modern appliances, offering both functionality and a touch of elegance. Bathrooms have been fully updated, reflecting contemporary finishes and thoughtful design.

With all units currently fully leased, this property offers immediate cash flow in a sought-after, quaint small-town setting known for its friendly community and strong rental demand.

Whether you're a seasoned investor or just starting your portfolio, this turnkey property checks every box – modern systems, designer finishes, and solid income. Don't miss this rare opportunity!
Listed by Michael R. Davis of Phoenix Real Estate

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Detached

    Listing Status Under Contract

    Purchase Type For Sale

    Square Footage 2, 016 sqft

    Price per Sqft $205

    MLS Listing ID DENC2088762

    Style Colonial

    Abv Grd Liv Area 2,016

    Year Built 1910

    Available Date 2025-09-05

    Annual Tax Amount $1,477

    Tax Year 2024

    Lot Size 4,356 Sqft

    Acres 0.1

    Lot Dimensions 45.00 x 100.00

    Property Sub-Type Detached

    Source BRIGHT

  • Location

    State DE

    County New Castle

    Area New Castle/Red Lion/Del.City (30904)

    Zoning 22R-1

  • Rooms

    Basement Unfinished

  • Building

    Foundation Block

    Above Ground Finished SqFt 2016

    Sewer Public Sewer

    Water Public

    Architectural Style Colonial

    Additional Building Above Grade, Below Grade

    New Construction N

  • Interior

    Hot Water Electric

    Heating Forced Air

    Cooling Ductless/Mini-Split

    Flooring Luxury Vinyl Plank

    Inclusions All appliances and fixtures located at the property.

    Fireplace N

    Heat Source Electric

  • Exterior

    Garage Spaces 3.0

    Water Access N

    Roof Type Architectural Shingle

    Accessibility None

    Total Parking Spaces 3

    Garage N

  • Schools

    Elementary Schools Southern

    Middle Schools Gunning Bedford

    High Schools William Penn

    School District Colonial

  • Others

    Tax ID 22-008.00-056

    Ownership Fee Simple

    SqFt Source 2016

    Acceptable Financing Cash, Conventional, FHA, VA

    Listing Terms Cash, Conventional, FHA, VA

    Financing Cash,Conventional,FHA,VA

    Special Listing Condition Standard

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