501 N Lincoln St
Listing Notes
This 4 Unit Investment Property in Wilmington's Popular Westside / Little Italy Neighborhood has many options... For Investors - Rent out as 4 units-- For Home Owner - Live in 'owner's' unit on 2nd Floor and rent out 3 remaining units-- OR - Combine 2nd Floor and 3rd Floor units into one large 2 story apartment to live in or rent out along with the 2 first floor units. Building is comprised of the following: Apartment #1 - 2 Bedroom, 1 Bathroom, new carpeting, separate front entrance. Apartment #2 - Large efficiency with separate kitchen, new carpeting, main entrance on 5th street plus rear entrance. Apartment #3 - 2nd Floor 'Owner's' unit, large kitchen, private Washer/Dryer, porch. Apartment #4 - 3rd Floor needs completion - includes 2 rooms with new windows and is ready for kitchen, bath and flooring. This unit could be combined with Apartment #3 to make one large 2 story unit. Separate gas & electric meters for each apartment. Tenants pay their own electric & gas (cooking). Owner pays for heat, hot water, taxes, insurance, water & sewer, maintenance. This property is in superior condition as the owner lived in Apartment #3 for years and maintained the building as an owner/occupant. Great Opportunity to invest in one of the most popular areas of the City !
Price in context
Cheaper than 8% of the 24 homes listed nearby right now, which run $165,000 to $300,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 1922 W 6th St | $165,000 | 2 bd · 1.5 ba |
| 1818 W 7th St | $165,000 | 3 bd · 1.5 ba |
| 1828 W 4th St | $169,900 | 3 bd · 1 ba |
| 1801 W 5th St | $175,000 | 2 bd · 2.5 ba |
| 1921 W 7th St | $179,000 | 3 bd · 1 ba |
| 1823 W 7th St | $180,000 | 3 bd · 2 ba |
| 1816 W 7th St | $183,000 | 2 bd · 1.5 ba |
| 1728 W Sixth St | $190,000 | 3 bd · 1.5 ba |
| 516 N Lincoln St | $200,000 | 3 bd · 1.5 ba |
| 1738 W 4th St | $204,900 | 4 bd · 1.5 ba |
| 609 N Scott St | $205,000 | 2 bd · 1 ba |
| 528 N Lincoln St | $219,000 | 3 bd · 1.5 ba |
| 1839 W 6th St | $219,000 | 2 bd · 1 ba |
| 1803-A W 5th St | $219,500 | 3 bd · 1.5 ba |
| 510 N Lincoln St | $219,900 | 3 bd · 1 ba |
| 435 Union St | $229,900 | 3 bd · 1 ba |
| 508 N Lincoln St | $230,000 | 3 bd · 1.5 ba |
| 1809A W 5th St | $235,000 | 3 bd · 1.5 ba |
| 515 N Scott St | $236,900 | 3 bd · 1 ba |
| 1917 W 6th St | $279,900 | — |
| 600 N Scott St | $279,900 | 3 bd · 2.5 ba |
| 1904 W 6th St | $287,710 | 5 bd |
| 412 N Union St | $299,000 | 4 bd · 2 ba |
| 1811 W 5th St | $300,000 | 3 bd · 2.5 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more