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Sold for $425,000 on 08/20/25
  • $425,000

    315 Central Ave, Wilmington, DE 19805

    6beds
    --baths
    2,675sqft
    Duplex
    Built in 1930
    -- sqft lot
    $-- Zestimate®
    $159/sqft
    $1,723 Estimated rent

    Owner options

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    $1,723/mo

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    $1,723/mo

    Rent Zestimate®

    Refinance and save

    $2,481/mo

    Est. payment

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    $2,481/mo

    Est. payment

    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: August 20, 2025 at 08:55am

    Listed by:

    Rakan Abu-Zahra 302-245-7668,

    Keller Williams Realty Wilmington,

    Listing Team: First State Home Team, Co-Listing Agent: Mark Anthony Noel 302-761-0116,

    Keller Williams Realty Wilmington

    Bought with:

    Kelly Diaz, RS0036820

    Keller Williams Realty Wilmington

    Source: Bright MLS,MLS#: DENC2079084MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    Basement
    • Area: 0
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air, Other
    Appliances
    • Included: Gas Water Heater
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 2,675
    • Total interior livable area: 2,675 sqft

    Property

    Parking
    • Parking features: Asphalt, Other
    • Has uncovered spaces: Yes
    Accessibility
    • Accessibility features: None
    Features
    • Pool features: None
    Lot
    • Size: 9,147 sqft
    • Dimensions: 75.00 x 120.00
    Details
    • Additional structures: Above Grade, Below Grade
    • Parcel number: 07038.30107
    • Zoning: NC5
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other
    • Property subtype: Duplex
    Materials
    • Frame
    • Foundation: Other
    Condition
    • New construction: No
    • Year built: 1930

    Utilities & green energy

    • Electric: 100 Amp Service
    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Wilmington

    Other

    Other facts
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Conventional,Cash
    • Ownership: Fee Simple