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906 N Madison St, Wilmington, DE 19801

$370,000
: 2,500
SqFt

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Sold Price: $370,000
List Price: $370,000
Closing Date: Mar 06, 2026
Status: CLOSED
MLS#: DENC2094920
Living Area: 2,500
Lot Size (Acres): 0.09
Style: Traditional
Year Built: 1840
County: New Castle
School District: Christina

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Property Description

Prime Investment Opportunity – Fully Rented Triplex in Historic Trinity Vicinity. High Demand Location. Solid income-producing triplex located at 906 N. Madison Street, set on a charming, tree-lined block in the highly desirable Historic Trinity Vicinity. This fully leased, three-unit property offers an attractive and versatile unit mix, including one efficiency studio unit with one full bath, one spacious 2-bedroom split unit with 2 full bathrooms, and one 2-bedroom one full bath flat on the first floor—appealing to a broad tenant base. Ideally positioned within walking distance to offices, retail, dining, the post office, and public transportation, this location supports strong rental demand and long-term stability. A turnkey opportunity for investors seeking a well-located, income-generating multi-unit asset in the heart of the city. Tenant pays for heat, electricity and hot water. Landlord pays for water & sewer. 2 Bedroom 2 Bath Unit rent is $1,325. 2 Bedroom 1 Bath Unit rent is $1,250. Studio rent is $875. Gross rent for all three units is $41,400. Management fee is 8%. Buyer is not obligated to use the current Management Company.

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Additional Information

Area: Wilmington (30906)
Subdivision: Trinity Vicinity
School District: Christina
Elementary School: Stubbs
Middle School: Bayard
High School: Christiana
Heating: Hot Water, Electric Baseboard
Cooling: Wall Units
Water: Public
Sewer: Public Sewer