$ 425,000 $ 425,000

315-17 CENTRAL AVE

Wilmington, DE 19805

  • 2,675 SqFt
  • 9,147 Lot Size
  • 1930 Year Built
This is a rare investment opportunity to acquire a well-maintained duplex at 315-317 Central Ave in Wilmington, DE, offering both immediate rental income and significant potential future income. With two 3-bedroom, 2-bathroom units, this property is perfectly designed for long-term investment, providing the ideal setup for renters or owners looking for spacious living.
Unit 315 has been completely renovated and is move-in ready, featuring modern updates throughout, including all new appliances. This unit is currently vacant, making it an excellent opportunity for an owner-occupant or to attract new tenants right away.
Unit 317 is currently occupied by a tenant under a lease that runs through June 2025, paying $1,440/month with the potential to increase up to $1,800/month once the lease allows, offering substantial potential future income.
The property is strategically located in a desirable area of Wilmington, with easy access to local amenities, shopping, dining, and public transportation. The combination of a renovated, vacant unit and an occupied unit with an established tenant makes this duplex an exceptional and rare investment opportunity. Whether you're looking to add to your portfolio or explore a property that provides both immediate and long-term rental income, this is a prime opportunity.
Don't miss your chance to own this income-producing duplex in a growing market. Schedule a showing today and seize this rare opportunity.
Listed by Keller Williams Realty Wilmington , Sold By Keller Williams Realty Wilmington

PROPERTY DETAIL

  • Key Details

    Sold Price $425,000

    Property Type Multi-Family

    Sub Type Detached

    Listing Status Sold

    Purchase Type For Sale

    Square Footage 2, 675 sqft

    Price per Sqft $158

    MLS Listing ID DENC2079084

    Sold Date 08/20/25

    Style Other

    Abv Grd Liv Area 2,675

    Year Built 1930

    Available Date 2025-04-12

    Annual Tax Amount $1,875

    Tax Year 2024

    Lot Size 9,147 Sqft

    Acres 0.21

    Lot Dimensions 75.00 x 120.00

    Property Sub-Type Detached

    Source BRIGHT

  • Location

    State DE

    County New Castle

    Area New Castle/Red Lion/Del.City (30904)

    Zoning NC5

  • Building

    Foundation Other

    Above Ground Finished SqFt 2675

    Sewer Public Sewer

    Water Public

    Architectural Style Other

    Additional Building Above Grade, Below Grade

    New Construction N

  • Interior

    Hot Water Natural Gas

    Heating Forced Air

    Cooling Central A/C

    Fireplace N

    Heat Source Natural Gas

  • Exterior

    Water Access N

    Accessibility None

    Garage N

    Private Pool No

  • Schools

    School District Red Clay Consolidated

  • Others

    Tax ID 07-038.30-107

    Ownership Fee Simple

    SqFt Source 2675

    Acceptable Financing Conventional, Cash

    Listing Terms Conventional, Cash

    Financing Conventional,Cash

    Special Listing Condition Standard

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