825 N Market St 5 Unit Apartment Building $895,000 ($179,000/Unit) Wilmington, DE 19801

825 N. Market Street | Wilmington, DE 19801 - Exceptional mixed-use investment opportunity in the heart of Downtown Wilmington’s thriving business and entertainment district. This commercially zoned property is comprised of residential and commercial units as follows: Features six total units: one street-level commercial space currently leased to a restaurant and five upper-floor apartments comprised of one 2BR unit, three 1BR units, and one studio. Positioned directly across from the Grand Opera House and surrounded by popular restaurants, many offices, hotels, new residential development, and year-round entertainment, 825 N. Market Street offers prime visibility and strong tenant appeal on one of the city’s most desirable blocks. The ground-floor commercial space includes approximately 938 SF with a lease in place through 2028, while the residential component provides stable income with high occupancy. Current high occupancy will provide an additional upside through value-add rental increases. Each unit benefits from individually allocated HVAC and water heaters, and tenants pay all utilities except cold water. Located within the city’s Development District and a federally designated Opportunity Zone. Located two blocks away from Rodney Square, the landmark world-famous Hotel DuPont and the new Widener Law School and walking distance to the Wilmington Riverfront. This asset may also offer improvement incentive potential, subject to approval.
PROPERTY OVERVIEW
o Prime Downtown Wilmington location directly across from the Grand Opera House
o Mixed use configuration with strong visibility and foot traffic
o Six total units:
o One street level commercial space (restaurant tenant)
o Five residential apartments: one 2 BR, three 1 BR, one studio
o Walkable to restaurants, offices, hotels, and entertainment venues
INVESTMENT HIGHLIGHTS
o Annual Gross Scheduled Income: $110,244
o Commercial lease in place through 2028 — stable income from day one
o High occupancy across all units
o Tenants pay all utilities except cold water
o Individually allocated HVAC and water heaters
o Strong long term appreciation potential
VALUE ADD & INCENTIVE POTENTIAL
o Located in a federally designated Opportunity Zone
o Within Wilmington’s Development District — potential eligibility for improvement incentives (subject to approval)
o Flexible mixed use layout supports future repositioning or rent growth
LOCATION ADVANTAGES
o Directly opposite the Grand Opera House
o Surrounded by Market Street dining, retail, offices, and cultural venues
o High pedestrian visibility
o Transit connected, walkable urban environment. Easy access to public transportation, Biden Amtrak train station, bus depots and Wilmington Riverfront attractions.
o Two blocks from the new Widener Law downtown campus and education center
o Easy access to major roadways and highways like I-95.
SUMMARY
A high visibility, income producing mixed use property with stable cash flow, long term tenancy, and multiple potential for value creation — ideal for investors seeking dependable returns in a growing urban market.