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609 W E St
For Sale $995,000 ($479.52 per Sq Ft)
$995,000 ($479.52 per Sq Ft)
- 4 Bedrooms
- 4.00 Bathrooms
- 2,075 Sq Ft
- 4,641 Sq Ft
Description
We are pleased to offer 609 W. E Street, a 4-unit multifamily investment opportunity, located in the City of Wilmington. The unit mix consists of four (4) fully renovated one-bedroom/one-bath units, offering a rare opportunity to lease up at market rents from day one. Recent capital improvements include fresh exterior paint, a new roof (2019), newly built enclosed patios, new landscaping, and individual water submeters, enhancing curb appeal, tenant experience, and operational efficiency. All four units feature new vinyl plank flooring, kitchen cabinets with quartz countertops, new bathroom vanities, and shower/tub surrounds. Each unit is separately metered for water, gas, and electricity, providing long-term expense control. The property also offers four (4) on-site parking spaces, a valuable amenity in a dense urban environment.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $995,000 |
| Property Type | Fourplex (4-units) |
| Usable Sqft | 2,075 |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1955 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7417023011 |
| MLS # | 26835467 |
| Property ID | 322856770 |
| Lot Sqft | 4,641 |
| Zoning | LARD1.5 |
| Total Units | 4 |
| Days on Market | 9 |
| Original List Price | $995,000 |
| Date Updated | May 26, 2026 |
| Date Created | May 18, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.00 | $0 | $2,289 |
| Unit #2 | 1 | 1.00 | $0 | $2,289 |
| Unit #3 | 1 | 1.00 | $0 | $2,289 |
| Unit #4 | 1 | 1.00 | $0 | $2,289 |
| Gross Income (Yr) | $ 95,280 |
| Operating Expenses | $ 18,077 |
| Net Income (Yr) | $ 77,204 |
| Cap Rate | 7.76% |
Listing Provided By
Griffin White an agent of . Lic #02031785
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