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Mixed-Use Land for Sale in Wilmington, Delaware

1403 N Broom St, Wilmington, DE 19806

$900,000
0.09 acres
pending
Under contract

Investment Opportunity - Monument Square Apartments presents a rare chance to acquire a stabilized 10-unit multifamily property in Wilmington's sought-after Trolley Square neighborhood. The asset consists of two adjoining three-story brick buildings on separate parcels, with each apartment featuring its own character and separately metered utilities. Over the past five years, ownership has invested in both cosmetic updates and key system improvements across all units, enhancing tenant appeal and reducing near-term capital needs. The property is well-positioned to provide consistent cash flow with upside through future rent growth in a high-demand submarket. For scale-minded investors, this property can also be acquired with two adjacent buildings totaling 19 additional units plus a buildable lot, offering immediate portfolio expansion in one of Wilmington's most desirable rental corridors. Full financials and package details available upon request.

Location

Street address
1403 N Broom St
School district
Red Clay Consolidated
Elevation
158 feet
Coordinates
39.7553, -75.5601

Property details

Lot size
0.09 acres3,920 sq ft
Source
LONGANDFOSTER
Posted

Property taxes

Recent
$12,641

Parcels

  • 2602020189

Details and features

Listing

Type
Commercial Sale

Exterior

Parking
On Street

Structure

Heating
Hot Water
Cooling
Central Air, Multi Units, Window Unit(s)
Materials
Brick

Listing history

DateEventPriceChangeSource
Nov 15, 2025New listing$900,000LONGANDFOSTER
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This 0.09-acre property is located at 1403 N Broom St in Wilmington, DE 19806. The property is pending sale.

Checked 46 mins ago — Updated

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