816 W 8th St
Listing Notes
Excellent Investment Opportunity - Turnkey 5-Unit Apartment Building in Wilmington A rare opportunity to acquire a fully operational, income-producing apartment building in the heart of Wilmington. This well-maintained, turnkey property features five units - two spacious 2-bedroom units and three 1-bedroom units. Presently, four units are occupied, with one pending a new tenant, providing immediate cash flow. Rents are currently below market, presenting an opportunity for increased returns through rent adjustments. Most leases are month-to-month with long-term tenants. The partially finished basement offers potential for an owner's office or additional storage. Property is being sold as-is and is in good overall condition. Inspections are for informational purposes only. Perfect for investors seeking strong rental demand and long-term growth potential.
Price in context
Cheaper than 4% of the 24 homes listed nearby right now, which run $314,000 to $775,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 608 W 9th St | $314,000 | 3 bd · 2.5 ba |
| 817 Harrison St N | $315,000 | 4 bd · 2 ba |
| 1123 W 8th St | $318,000 | 3 bd · 2 ba |
| 1014 N Adams St | $319,000 | — |
| 1014 N Adams St | $319,000 | 4 bd · 2 ba |
| 837 N Madison St | $325,000 | 4 bd · 1.5 ba |
| 823 N Jackson St | $325,999 | — |
| 826 N Van Buren St | $330,000 | 4 bd · 2.5 ba |
| 807 N Harrison St | $330,000 | 5 bd · 3.5 ba |
| 616 N Van Buren St | $335,000 | 4 bd · 2.5 ba |
| 821 N Van Buren St | $339,900 | 3 bd · 1.5 ba |
| 1204 W 8th St | $343,650 | 3 bd · 1.5 ba |
| 1002 W 9th St | $349,900 | 5 bd · 1.5 ba |
| 1109 W 9th St | $349,900 | 3 bd · 1.5 ba |
| 825 N Jackson St | $369,900 | 4 bd · 3 ba |
| 906 N Madison St | $370,000 | — |
| 837 W 4th St | $375,000 | — |
| 801 W 9th St | $395,000 | — |
| 923 N Van Buren St | $410,000 | 5 bd · 1.5 ba |
| 812 N Van Buren St | $425,000 | 3 bd · 2.5 ba |
| 909 N Van Buren St | $425,000 | 3 bd · 2.5 ba |
| 902 N Madison St | $439,900 | — |
| 814 W 8th St | $489,000 | — |
| 1102 W 10th St | $775,000 | 4 bd · 3.5 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more