817 Marshall St · Wilmington, DE 19805

$115,000

2 bd · 1.0 ba · 112 sqft · Townhouse public records · 197 Days on market

Built 1906 871 sqft lot $1027/sqft · 964% above area Est $106k · 8% over

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +9.2/10.0
• Rent growth +4.1/5.0
• ARV discount +3.7/15.0
• Livability +3.2/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Investor Alert! Long term tenant, would like to stay. 2 bedroom 1 bath in Brown town Wilmington DE.

Key facts

• Built 1906
• Listed 197 days

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $115k.

Deal economics

• At list price, monthly cash flow is $599 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $115k).
• Recommended offer: $101k (12.0% below list) — sets the bar for market timing.
• Cap rate 12.5% vs local median 5.6% in Wilmington — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 64/100 on livability (#52 in DE) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A; Watch: employment D+, schools D, commute D.
• Christina School District (suburban): math 22% / reading 33% proficiency, ranked #18 of 26 in DE (top 69%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+6.3%/yr); 167 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 1,367 units permitted in New Castle County in 2024 (201 in 5+ unit buildings).
• This rent runs 32% of the median local income ($60k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• New Castle County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 6.3% rent growth), your $32k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 197 days — a 12% lower offer ($101k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 29y ago; this cycle's ask has dropped $25k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $35k; list at $115k implies a 229% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1906 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk; major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $101,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 197 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1906 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.42% ✓
• Cap rate: 12.55%
• Cash-on-cash: 22.34%
• DSCR: 1.99
• GRM: 5.9

CMA / ARV

• ARV (median comp): $106,114
• List price: $115,000
• Delta: 8.37%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 6.35% rent growth · sell at horizon

5-year hold

• IRR: 18.6%
• Equity multiple: 1.78×
• Total profit: $25,186
• Equity at exit: $17,147

10-year hold

• IRR: 29.0%
• Equity multiple: 3.98×
• Total profit: $95,906
• Equity at exit: $9,943

Cash invested: $32,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 70 Landlord-Friendly
• State Delaware: 70 Landlord-Friendly · D+7
• County: — inherits STATE
• City: — inherits STATE

Court of Common Pleas hears L&T; moderate-paced. No state rent control.

Methodology + full state rankings →

ZIP-level market 19805

• Rents YoY: 6.3%
• Active inventory: 167
• Price-to-rent: 5.9×

Monthly cashflow live

• Estimated rent: $1,631 high
• Mortgage (P&I): −$603
• Tax from tax record: −$38 /mo · $453/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$342
• Net cashflow: $599

Break-even live

Break-even rent $872

Max offer price $115,000

Occupancy floor 58%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
25 Stroud St Wilmington, DE	3.0	1.0	1200	$1,795	$1.50	4d	1	0.03mi
21 Stroud St Unit 1 Wilmington, DE	3.0	1.5	1875	$1,900	$1.01	44d	1	0.04mi
128 Lower Oak St Wilmington, DE	2.0	1.0	871	$1,595	$1.83	4d	1	0.04mi
1005 Wright St Unit AAPT A Wilmington, DE	1.0	1.0	—	$1,200	—	5d	1	0.13mi
739 S Harrison St Wilmington, DE	3.0	2.0	—	$1,800	—	44d	1	0.15mi
231 5th Ave Wilmington, DE	2.0	1.0	1050	$1,350	$1.29	44d	1	0.16mi
7 6th Ave Wilmington, DE	3.0	2.0	1325	$1,800	$1.36	44d	1	0.18mi
22 6th Ave Wilmington, DE	3.0	2.0	—	$1,700	—	44d	1	0.20mi
1110 Maple St Wilmington, DE	3.0	1.0	1525	$1,600	$1.05	44d	1	0.25mi
623 S Connell St Unit 1 Wilmington, DE	2.0	1.0	—	$1,500	—	5d	1	0.26mi
428 S Jackson St Wilmington, DE	2.0	1.0	—	$1,500	—	17d	1	0.26mi
1401 Maryland Ave Wilmington, DE	1.0	1.0	612	$1,275	$2.08	44d	1	0.26mi
414 S Franklin St Wilmington, DE	3.0	2.0	1195	$1,895	$1.59	44d	1	0.30mi
1508 Maryland Ave Wilmington, DE	3.0	1.5	1450	$1,975	$1.36	15d	1	0.31mi
304 Porter St Unit 1 Wilmington, DE	2.0	1.0	9750	$1,500	$0.15	44d	1	0.33mi
401 Justison St Wilmington, DE	1.0	1.0	787	$1,855	$2.36	1d	13	0.33mi
331 Justison St Wilmington, DE	1.0–2.0	1.0–2.0	859	$2,205	$2.57	1d	9	0.35mi
1227 Linden St Wilmington, DE	3.0	2.0	950	$1,850	$1.95	4d	1	0.35mi
1507 Coleman St Wilmington, DE	2.0	1.0	650	$1,495	$2.30	24d	1	0.36mi
530 Harlan Blvd #519 Wilmington, DE	2.0	2.0	1192	$2,250	$1.89	24d	1	0.38mi
205 Porter St Wilmington, DE	2.0	1.5	1200	$1,700	$1.42	15d	1	0.38mi
1016 Clayton Rd Wilmington, DE	3.0	1.0	1150	$1,850	$1.61	5d	1	0.41mi
308 Justison St Wilmington, DE	2.0	1.0–2.0	—	$3,600	—	1d	1	0.42mi
1525 Beech St Wilmington, DE	3.0	2.5	1850	$2,400	$1.30	5d	1	0.43mi
1110 Read St Wilmington, DE	2.0	1.0	1100	$1,250	$1.14	20d	1	0.44mi
419 Homestead Rd Unit A Wilmington, DE	2.0	1.0	—	$1,325	—	24d	1	0.44mi
216 S Broom St Wilmington, DE	3.0	1.0	—	$1,775	—	44d	1	0.45mi
1114 Lancaster Ave Wilmington, DE	2.0	1.0	775	$1,400	$1.81	24d	1	0.47mi
100 N Franklin St Apt 2 Wilmington, DE	1.0	1.0	—	$1,185	—	44d	1	0.51mi
1122 Coyne Pl Wilmington, DE	3.0	1.0	1350	$1,950	$1.44	44d	1	0.51mi
1601 Bonwood Rd Wilmington, DE	3.0	1.5	1500	$1,850	$1.23	24d	1	0.53mi
545 Homestead Rd Wilmington, DE	2.0	1.0	800	$1,399	$1.75	44d	1	0.60mi
1600 Bonwood Rd Wilmington, DE	1.0	1.0	702	$1,290	$1.84	3d	1	0.60mi
1600 Bonwood Rd Wilmington, DE	2.0	2.0	970	$1,614	$1.66	15d	1	0.60mi
1022 W 3rd St Unit 4 Wilmington, DE	1.0	1.0	—	$840	—	18d	1	0.60mi
232 N Franklin St Wilmington, DE	3.0	2.0	1150	$1,795	$1.56	44d	1	0.61mi
101 Avenue of the Arts Wilmington, DE	1.0	1.0	726	$2,195	$3.02	1d	3	0.61mi
207 S DuPont St Wilmington, DE	1.0	1.5	1000	$1,495	$1.50	18d	1	0.63mi
1802 Maple St Wilmington, DE	3.0	1.5	1250	$2,500	$2.00	24d	1	0.63mi
115 N Clayton St Unit 115 Wilmington, DE	3.0	1.5	1200	$1,725	$1.44	11d	1	0.66mi

Listing history 45 events

1. 2026-06-18
   days on market $115,000 Active 197 DOM
2. 2026-06-17
   days on market $115,000 Active 196 DOM
3. 2026-06-16
   days on market $115,000 Active 195 DOM
4. 2026-06-15
   days on market $115,000 Active 194 DOM
5. 2026-06-13
   days on market $115,000 Active 192 DOM
6. 2026-06-13
   days on market $115,000 Active 191 DOM
7. 2026-06-09
   days on market $115,000 Active 188 DOM
8. 2026-06-08
   days on market $115,000 Active 187 DOM
9. 2026-06-07
   days on market $115,000 Active 186 DOM
10. 2026-06-04
    days on market $115,000 Active 183 DOM
11. 2026-06-03
    days on market $115,000 Active 182 DOM
12. 2026-06-02
    days on market $115,000 Active 181 DOM
13. 2026-06-01
    days on market $115,000 Active 180 DOM
14. 2026-05-31
    days on market $115,000 Active 179 DOM
15. 2026-05-04
    price $120,000 99-char remark

    Show marketing remark (99 chars)

    Investor Alert! Long term tenant, would like to stay. 2 bedroom 1 bath in Brown town Wilmington DE.

16. 2026-04-24
    price $125,000 99-char remark

    Show marketing remark (99 chars)

    Investor Alert! Long term tenant, would like to stay. 2 bedroom 1 bath in Brown town Wilmington DE.

17. 2026-01-09
    price $129,900 99-char remark

    Show marketing remark (99 chars)

    Investor Alert! Long term tenant, would like to stay. 2 bedroom 1 bath in Brown town Wilmington DE.

18. 2025-12-03
    listed $140,000 Active 99-char remark

    Show marketing remark (99 chars)

    Investor Alert! Long term tenant, would like to stay. 2 bedroom 1 bath in Brown town Wilmington DE.

19. 2020-01-21
    historical 829-char remark

    Show marketing remark (829 chars)

    Great area in Browntown, near waterfront and great low traffic neighborhood. Tenant in place would like to stay. 2 bedrooms and 1 bathroom. This property was built in 1906. Comparable nearby homes include 733 MARYLAND Ave, 813 MARSHALL St, and 922 Wright St. Nearby schools include Casimir Pulaski Elementary School, St Paul Elementary School and St Elizabeth Elementary School. The closest grocery stores are Johnny's Food Market, Sunrise Groceries and Rodriguez Grocery LLC. Nearby coffee shops include Pizza Store, Starbucks and Butcher Koffee. Nearby restaurants include Breezes Caribbean Restaurant, Anytime Munchies and China Inn Restaurant. This area is walkable ? some errands can be accomplished on foot. Transit is good, with many nearby public transportation options. There is some amount of infrastructure for biking.

20. 2019-10-31
    soldstatus $35,000 Closed 829-char remark

    Show marketing remark (829 chars)

    Great area in Browntown, near waterfront and great low traffic neighborhood. Tenant in place would like to stay. 2 bedrooms and 1 bathroom. This property was built in 1906. Comparable nearby homes include 733 MARYLAND Ave, 813 MARSHALL St, and 922 Wright St. Nearby schools include Casimir Pulaski Elementary School, St Paul Elementary School and St Elizabeth Elementary School. The closest grocery stores are Johnny's Food Market, Sunrise Groceries and Rodriguez Grocery LLC. Nearby coffee shops include Pizza Store, Starbucks and Butcher Koffee. Nearby restaurants include Breezes Caribbean Restaurant, Anytime Munchies and China Inn Restaurant. This area is walkable ? some errands can be accomplished on foot. Transit is good, with many nearby public transportation options. There is some amount of infrastructure for biking.

21. 2019-10-04
    status Pending 829-char remark

    Show marketing remark (829 chars)

    Great area in Browntown, near waterfront and great low traffic neighborhood. Tenant in place would like to stay. 2 bedrooms and 1 bathroom. This property was built in 1906. Comparable nearby homes include 733 MARYLAND Ave, 813 MARSHALL St, and 922 Wright St. Nearby schools include Casimir Pulaski Elementary School, St Paul Elementary School and St Elizabeth Elementary School. The closest grocery stores are Johnny's Food Market, Sunrise Groceries and Rodriguez Grocery LLC. Nearby coffee shops include Pizza Store, Starbucks and Butcher Koffee. Nearby restaurants include Breezes Caribbean Restaurant, Anytime Munchies and China Inn Restaurant. This area is walkable ? some errands can be accomplished on foot. Transit is good, with many nearby public transportation options. There is some amount of infrastructure for biking.

22. 2019-09-18
    historical Active Under Contract 829-char remark

    Show marketing remark (829 chars)

    Great area in Browntown, near waterfront and great low traffic neighborhood. Tenant in place would like to stay. 2 bedrooms and 1 bathroom. This property was built in 1906. Comparable nearby homes include 733 MARYLAND Ave, 813 MARSHALL St, and 922 Wright St. Nearby schools include Casimir Pulaski Elementary School, St Paul Elementary School and St Elizabeth Elementary School. The closest grocery stores are Johnny's Food Market, Sunrise Groceries and Rodriguez Grocery LLC. Nearby coffee shops include Pizza Store, Starbucks and Butcher Koffee. Nearby restaurants include Breezes Caribbean Restaurant, Anytime Munchies and China Inn Restaurant. This area is walkable ? some errands can be accomplished on foot. Transit is good, with many nearby public transportation options. There is some amount of infrastructure for biking.

23. 2019-05-01
    price $41,900 829-char remark

    Show marketing remark (829 chars)

    Great area in Browntown, near waterfront and great low traffic neighborhood. Tenant in place would like to stay. 2 bedrooms and 1 bathroom. This property was built in 1906. Comparable nearby homes include 733 MARYLAND Ave, 813 MARSHALL St, and 922 Wright St. Nearby schools include Casimir Pulaski Elementary School, St Paul Elementary School and St Elizabeth Elementary School. The closest grocery stores are Johnny's Food Market, Sunrise Groceries and Rodriguez Grocery LLC. Nearby coffee shops include Pizza Store, Starbucks and Butcher Koffee. Nearby restaurants include Breezes Caribbean Restaurant, Anytime Munchies and China Inn Restaurant. This area is walkable ? some errands can be accomplished on foot. Transit is good, with many nearby public transportation options. There is some amount of infrastructure for biking.

24. 2019-04-10
    price $43,900 829-char remark

    Show marketing remark (829 chars)

    Great area in Browntown, near waterfront and great low traffic neighborhood. Tenant in place would like to stay. 2 bedrooms and 1 bathroom. This property was built in 1906. Comparable nearby homes include 733 MARYLAND Ave, 813 MARSHALL St, and 922 Wright St. Nearby schools include Casimir Pulaski Elementary School, St Paul Elementary School and St Elizabeth Elementary School. The closest grocery stores are Johnny's Food Market, Sunrise Groceries and Rodriguez Grocery LLC. Nearby coffee shops include Pizza Store, Starbucks and Butcher Koffee. Nearby restaurants include Breezes Caribbean Restaurant, Anytime Munchies and China Inn Restaurant. This area is walkable ? some errands can be accomplished on foot. Transit is good, with many nearby public transportation options. There is some amount of infrastructure for biking.

25. 2019-04-09
    price $44,900 829-char remark

    Show marketing remark (829 chars)

    Great area in Browntown, near waterfront and great low traffic neighborhood. Tenant in place would like to stay. 2 bedrooms and 1 bathroom. This property was built in 1906. Comparable nearby homes include 733 MARYLAND Ave, 813 MARSHALL St, and 922 Wright St. Nearby schools include Casimir Pulaski Elementary School, St Paul Elementary School and St Elizabeth Elementary School. The closest grocery stores are Johnny's Food Market, Sunrise Groceries and Rodriguez Grocery LLC. Nearby coffee shops include Pizza Store, Starbucks and Butcher Koffee. Nearby restaurants include Breezes Caribbean Restaurant, Anytime Munchies and China Inn Restaurant. This area is walkable ? some errands can be accomplished on foot. Transit is good, with many nearby public transportation options. There is some amount of infrastructure for biking.

26. 2019-02-26
    price $45,900 829-char remark

    Show marketing remark (829 chars)

    Great area in Browntown, near waterfront and great low traffic neighborhood. Tenant in place would like to stay. 2 bedrooms and 1 bathroom. This property was built in 1906. Comparable nearby homes include 733 MARYLAND Ave, 813 MARSHALL St, and 922 Wright St. Nearby schools include Casimir Pulaski Elementary School, St Paul Elementary School and St Elizabeth Elementary School. The closest grocery stores are Johnny's Food Market, Sunrise Groceries and Rodriguez Grocery LLC. Nearby coffee shops include Pizza Store, Starbucks and Butcher Koffee. Nearby restaurants include Breezes Caribbean Restaurant, Anytime Munchies and China Inn Restaurant. This area is walkable ? some errands can be accomplished on foot. Transit is good, with many nearby public transportation options. There is some amount of infrastructure for biking.

27. 2019-01-03
    price $46,900 829-char remark

    Show marketing remark (829 chars)

    Great area in Browntown, near waterfront and great low traffic neighborhood. Tenant in place would like to stay. 2 bedrooms and 1 bathroom. This property was built in 1906. Comparable nearby homes include 733 MARYLAND Ave, 813 MARSHALL St, and 922 Wright St. Nearby schools include Casimir Pulaski Elementary School, St Paul Elementary School and St Elizabeth Elementary School. The closest grocery stores are Johnny's Food Market, Sunrise Groceries and Rodriguez Grocery LLC. Nearby coffee shops include Pizza Store, Starbucks and Butcher Koffee. Nearby restaurants include Breezes Caribbean Restaurant, Anytime Munchies and China Inn Restaurant. This area is walkable ? some errands can be accomplished on foot. Transit is good, with many nearby public transportation options. There is some amount of infrastructure for biking.

28. 2018-11-27
    price $47,900 829-char remark

    Show marketing remark (829 chars)

    Great area in Browntown, near waterfront and great low traffic neighborhood. Tenant in place would like to stay. 2 bedrooms and 1 bathroom. This property was built in 1906. Comparable nearby homes include 733 MARYLAND Ave, 813 MARSHALL St, and 922 Wright St. Nearby schools include Casimir Pulaski Elementary School, St Paul Elementary School and St Elizabeth Elementary School. The closest grocery stores are Johnny's Food Market, Sunrise Groceries and Rodriguez Grocery LLC. Nearby coffee shops include Pizza Store, Starbucks and Butcher Koffee. Nearby restaurants include Breezes Caribbean Restaurant, Anytime Munchies and China Inn Restaurant. This area is walkable ? some errands can be accomplished on foot. Transit is good, with many nearby public transportation options. There is some amount of infrastructure for biking.

29. 2018-11-13
    price $48,900 829-char remark

    Show marketing remark (829 chars)

    Great area in Browntown, near waterfront and great low traffic neighborhood. Tenant in place would like to stay. 2 bedrooms and 1 bathroom. This property was built in 1906. Comparable nearby homes include 733 MARYLAND Ave, 813 MARSHALL St, and 922 Wright St. Nearby schools include Casimir Pulaski Elementary School, St Paul Elementary School and St Elizabeth Elementary School. The closest grocery stores are Johnny's Food Market, Sunrise Groceries and Rodriguez Grocery LLC. Nearby coffee shops include Pizza Store, Starbucks and Butcher Koffee. Nearby restaurants include Breezes Caribbean Restaurant, Anytime Munchies and China Inn Restaurant. This area is walkable ? some errands can be accomplished on foot. Transit is good, with many nearby public transportation options. There is some amount of infrastructure for biking.

30. 2018-10-17
    price $49,900 829-char remark

    Show marketing remark (829 chars)

    Great area in Browntown, near waterfront and great low traffic neighborhood. Tenant in place would like to stay. 2 bedrooms and 1 bathroom. This property was built in 1906. Comparable nearby homes include 733 MARYLAND Ave, 813 MARSHALL St, and 922 Wright St. Nearby schools include Casimir Pulaski Elementary School, St Paul Elementary School and St Elizabeth Elementary School. The closest grocery stores are Johnny's Food Market, Sunrise Groceries and Rodriguez Grocery LLC. Nearby coffee shops include Pizza Store, Starbucks and Butcher Koffee. Nearby restaurants include Breezes Caribbean Restaurant, Anytime Munchies and China Inn Restaurant. This area is walkable ? some errands can be accomplished on foot. Transit is good, with many nearby public transportation options. There is some amount of infrastructure for biking.

31. 2018-10-10
    price $54,900 829-char remark

    Show marketing remark (829 chars)

    Great area in Browntown, near waterfront and great low traffic neighborhood. Tenant in place would like to stay. 2 bedrooms and 1 bathroom. This property was built in 1906. Comparable nearby homes include 733 MARYLAND Ave, 813 MARSHALL St, and 922 Wright St. Nearby schools include Casimir Pulaski Elementary School, St Paul Elementary School and St Elizabeth Elementary School. The closest grocery stores are Johnny's Food Market, Sunrise Groceries and Rodriguez Grocery LLC. Nearby coffee shops include Pizza Store, Starbucks and Butcher Koffee. Nearby restaurants include Breezes Caribbean Restaurant, Anytime Munchies and China Inn Restaurant. This area is walkable ? some errands can be accomplished on foot. Transit is good, with many nearby public transportation options. There is some amount of infrastructure for biking.

32. 2018-09-19
    listed $59,900 Active 829-char remark

    Show marketing remark (829 chars)

    Great area in Browntown, near waterfront and great low traffic neighborhood. Tenant in place would like to stay. 2 bedrooms and 1 bathroom. This property was built in 1906. Comparable nearby homes include 733 MARYLAND Ave, 813 MARSHALL St, and 922 Wright St. Nearby schools include Casimir Pulaski Elementary School, St Paul Elementary School and St Elizabeth Elementary School. The closest grocery stores are Johnny's Food Market, Sunrise Groceries and Rodriguez Grocery LLC. Nearby coffee shops include Pizza Store, Starbucks and Butcher Koffee. Nearby restaurants include Breezes Caribbean Restaurant, Anytime Munchies and China Inn Restaurant. This area is walkable ? some errands can be accomplished on foot. Transit is good, with many nearby public transportation options. There is some amount of infrastructure for biking.

33. 2015-03-12
    soldstatus $13,900 Sold
34. 2015-03-12
    soldstatus $13,900
35. 2015-02-16
    historical
36. 2014-03-25
    listed $14,900 Active
37. 2014-03-25
    listed $14,900
38. 2007-10-29
    soldstatus $85,000
39. 2006-10-26
    soldstatus $64,000
40. 1999-03-19
    soldstatus $48,000
41. 1997-04-30
    soldstatus $12,000
42. 1997-02-25
    soldstatus $12,000
43. 1997-02-20
    historical
44. 1997-02-12
    listed $12,000
45. 1991-11-12
    soldstatus $16,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast DE · Partial reset (capped growth)

• Current annual tax: $453 · $38/mo
• Projected year-2 tax: $560 · $47/mo
• Expected delta: +$107/yr (+$9/mo · 23.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 24% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥103°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,568
• − Mortgage interest: −$6,442
• − Property taxes: −$453
• − Insurance: −$575
• − Repairs & maintenance: −$1,565
• − Management: −$1,565
• − Depreciation: −$3,345
• Taxable income: $5,622
• Est. tax owed @ 24.0%: −$1,349
• After-tax cash flow: $5,844/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Christina School District
• NCES district ID: 1000200
• Math proficiency: 22% ▼ -12.00%
• Reading proficiency: 33% ▼ -5.00%
• Median HH income: $58,838
• Composite: 24.93/100
• National rank: #7567
• State rank: #18 of 26 in DE

Livability — Wilmington

• Score: 64/100
• State rank: #52
• US rank: #14251

Category grades

Amenities F Commute D Cost of living A+ Crime F Employment D+ Housing A Health & safety D- User ratings B+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wilmington, DE
• County: New Castle County · 483,412 people
• City population: 173,480
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• Population (ZIP): 41,402
• Household income: $60,221
• Rent vs Own: 40.6% rent · 59.4% own
• Severe rent burden: 1730.0

Population outlook (New Castle County) Hauer SSP2

• Today (2025): 594,686 people
• By 2030: 609,164 · +2.4%
• By 2040: 632,154 · +6.3%
• By 2050: 649,068 · +9.1%
• By 2075: 687,771 · +15.7%
• By 2100: 694,961 · +16.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.70)
• Race & ethnicity: White 37% Black 32% Hispanic / Latino 25% Two or more races 10%
• Hispanic origin (detail): Mexican 10% Puerto Rican 10% Dominican 2%
• Common ancestry: Romanian 4% Slovak 1% Italian 1%
• Foreign-born: 9% · Canada
• Languages at home: 79% English-only · Spanish 18% French/Haitian/Cajun 1% Arabic 1%

Political lean MEDSL · New Castle

• 2024 margin: Solid D (+32.6) · D 65.5% · R 32.9% · Other 1.6%
• 2008→2024 swing: -8.1pp toward R · 2008: 40.6pp · 2024: 32.6pp
• All cycles: 2024: D+32.6 2020: D+37.1 2016: D+29.6 2012: D+34.1 2008: D+40.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -291.16%
• Current HPI: 259.1455
• Rent YoY: ▲ 6.35%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• State GDP YoY: —
• F500 in state: 0

Price history

+650.0% since first listed

31 events — show timeline

• 2026-05-04 Price Changed $120,000 BRIGHT MLS
• 2026-04-24 Price Changed $125,000 BRIGHT MLS
• 2026-01-09 Price Changed $129,900 BRIGHT MLS
• 2025-12-03 Listed $140,000 BRIGHT MLS
• 2020-01-21 Listing Removed — BRIGHT MLS
• 2019-10-31 Sold (MLS) $35,000 BRIGHT MLS
• 2019-10-04 Pending — BRIGHT MLS
• 2019-09-18 Contingent — BRIGHT MLS
• 2019-05-01 Price Changed $41,900 BRIGHT MLS
• 2019-04-10 Price Changed $43,900 BRIGHT MLS
• 2019-04-09 Price Changed $44,900 BRIGHT MLS
• 2019-02-26 Price Changed $45,900 BRIGHT MLS
• 2019-01-03 Price Changed $46,900 BRIGHT MLS
• 2018-11-27 Price Changed $47,900 BRIGHT MLS
• 2018-11-13 Price Changed $48,900 BRIGHT MLS
• 2018-10-17 Price Changed $49,900 BRIGHT MLS
• 2018-10-10 Price Changed $54,900 BRIGHT MLS
• 2018-09-19 Listed $59,900 BRIGHT MLS
• 2015-03-12 Sold (MLS) $13,900 BRIGHT MLS
• 2015-03-12 Sold (MLS) $13,900 TREND
• 2015-02-16 Listing Removed — BRIGHT MLS
• 2014-03-25 Listed $14,900 TREND
• 2014-03-25 Listed $14,900 BRIGHT MLS
• 2007-10-29 Sold (Public Records) $85,000 Public Records
• 2006-10-26 Sold (Public Records) $64,000 Public Records
• 1999-03-19 Sold (Public Records) $48,000 Public Records
• 1997-04-30 Sold (Public Records) $12,000 Public Records
• 1997-02-25 Sold (MLS) $12,000 BRIGHT MLS
• 1997-02-20 Listing Removed — BRIGHT MLS
• 1997-02-12 Listed $12,000 BRIGHT MLS
• 1991-11-12 Sold (Public Records) $16,000 Public Records

Property tax history

+3.9%/yr

Latest (2024): $453 · +2.6% YoY. Source: county tax records.