1025-UNIT N Madison St #109 · Wilmington, DE 19801

$145,000

2 bd · 1.0 ba · 1,000 sqft · Condo · 41 Days on market

Built 1988 $145/sqft · 24% below area Est $190k · 24% under $664/mo HOA · 36% of rent

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Why this score? — see what drove the D 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).

• ARV discount +15.0/15.0
• 1% rule +7.6/10.0
• Cash flow +6.9/30.0
• Livability +3.2/5.0
• Rent growth +2.9/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• DSCR +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Tour this conveniently located 2 bedroom, 2 bath condo with 2 Parking spaces (1 covered garage space and 1 outdoor assigned space ) in the heart of downtown Wilmington's Trinity Vicinity. Just a short walk from Hotel DuPont, DE. CO Food Hall, The Playhouse at Rodney Square, Wilmington Library, Market Street Mall, the YMCA and only a short commute to Trolley Square and The Riverfront, you afford to live in the center of it all. Trinity Square North Condominium is a 28 unit elevator building with its own private parking garage making it an ideal fit for someone who wants low maintenance living and a heightened social life. This amazing unit 1st floor unit condo has new laminate flooring flowing throughout the entire unit, new windows, new hot water heater and a newer stove. As you walk into the unit, you notice a nice size kitchen to your immediate right spacious enough for a small bistro table. Adjacent to the kitchen is the main living space featuring an open dining area with chandelier and a large size family room area with large windows that let in plenty of natural light. To the left of the open concept dining/living space, you have your first bedroom with a nice size closet and large windows. Down the hallway, you will see a convenient stackable washer/dryer and a new water heater. You will also notice a full bath with tub/shower combination at the end of the hallway. At the opposite side of the hallway is a large master suite with a large walk-in closet, large windows, sizable linen closet and ensuite bathroom with another tub/shower combination. The entire unit has been freshly painted top to bottom awaiting its new owner to add their personal style to it. Do not miss out on your chance to own a slice of the city and spend all of your time enjoying ALL it has to offer. Nothing to do here but move in. Schedule your tour today!

Key facts

• Functional kitchen
• Bright open layout
• Forced air heating

Tags

• LOW MAINTENANCE CONDO
• TRINITY SQUARE NORTH COMMUNITY
• BRIGHT OPEN LAYOUT
• FUNCTIONAL KITCHEN
• CENTRAL AIR CONDITIONING
• FORCED AIR HEATING

Property features AI

Finance

• Other: Property manager present; Pets allowed with breed restrictions
• HOA & community: Monthly condo fee (includes common area maintenance, exterior building maintenance, snow removal, trash, and water); Building elevator

Exterior

• Parking: Covered parking in a basement garage (1 garage space); Parking garage available
• Utilities: Public water; Public sewer; 100 amp electric service; Electric service available; Natural gas available; Cable TV available; Phone service available
• Home design: Condominium unit; Garden-style building (1–4 floors); Unit/flat structure; Single-floor unit (entry level 1); Flat roof; Entry on the first floor
• Construction: Brick construction; Above-grade and below-grade structures
• Exterior features: Other exterior features; Not in a federal flood zone; City/county-maintained road

Interior

• Kitchen: Built-in microwave; Stove
• Bedrooms: Two main-level bedrooms
• Bathrooms: One full bathroom (main level)
• Heating & cooling: Forced air heating (electric); Central air conditioning; Electric hot water
• Interior features: Combination dining and living area; Drywall walls and ceilings; Furnished
• Laundry & utility: Laundry on the main floor; No in-unit washer/dryer hookup

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $145k.

Deal economics

• At list price, monthly cash flow is $-218 ($-3k/yr) — negative.
• To cash-flow at today's rent, offer at most $113k (21.8% below list).
• Meets the 1% rule at list price ($2k rent vs $145k).
• Recommended offer: $113k (21.8% below list) — sets the bar for cash-flow.
• Cap rate 4.5% vs local median 5.7% in Wilmington — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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+, commute D, crime F.
• 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.
• Zoned schools: Stubbs Early Education Center (190 students, 0% FRL); The Bayard School (math 3% / reading 10%, grade F, #102 of 105 statewide, top 97%, 508 students, 0% FRL); Christiana High School (math 49% / reading 66%, grade C, #3 of 40 statewide, top 5%, 1,256 students, 0% FRL) — zoned schools average 0% FRL vs 50% district-wide (50 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: Rents rising (+1.6%/yr); 75 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,367 units permitted in New Castle County in 2024 (201 in 5+ unit buildings).
• This rent runs 42% of the median local income ($53k/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 $1k of loan paydown is wiped out by about $4k 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.

Negotiation context

• It's been on market 41 days — a 3% lower offer ($141k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 21y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $95k; list at $145k implies a 53% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: HOA is 36% of rent.
• Climate carrying-cost: 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 $113,391 (21.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 41 days. Have you received any prior offers? Is the seller open to a 22% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. 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.
10. 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.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.26% ✓
• Cap rate: 4.49%
• Cash-on-cash: -6.46%
• DSCR: 0.71
• GRM: 6.6

CMA / ARV

• ARV (median comp): $189,737
• List price: $145,000
• Delta: -23.58%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 1.59% rent growth · sell at horizon

5-year hold

• IRR: -29.9%
• Equity multiple: 0.03×
• Total profit: $-39,537
• Equity at exit: $21,620

10-year hold

• IRR: -44.2%
• Equity multiple: -0.50×
• Total profit: $-60,799
• Equity at exit: $12,537

Cash invested: $40,600 (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 19801

• Rents YoY: 1.6%
• Active inventory: 75
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,832 high
• Mortgage (P&I): −$760
• Tax est. 1.5%: −$181 /mo · $2,175/yr
• Insurance: −$60
• HOA: −$664
• Vacancy / Maint / Mgmt: −$385
• Net cashflow: $-218

Break-even live

Break-even rent $2,109

Max offer price $113,391

Occupancy floor —

Sensitivity live

Price	-10% $-118	-5% $-168	+0% $-218	+5% $-269	+10% $-319
Rent	-10% $-363	-5% $-291	+0% $-218	+5% $-146	+10% $-74
Rate	-1.0pp $-145	-0.5pp $-182	base $-218	+0.5pp $-256	+1.0pp $-294

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
613 W 10th St Wilmington, DE	2.0	1.0	1100	$1,745	$1.59	45d	1	0.06mi
1010 Trenton Pl Wilmington, DE	3.0	1.5	1475	$2,350	$1.59	18d	1	0.07mi
711 Windsor St Wilmington, DE	2.0	1.0	980	$1,460	$1.49	45d	1	0.25mi
709 Windsor St Unit 3 Wilmington, DE	2.0	1.0	980	$1,500	$1.53	45d	1	0.27mi
824 N West St Wilmington, DE	1.0	1.0	700	$1,262	$1.80	45d	1	0.28mi
1000 W 8th St Unit 3 Wilmington, DE	2.0	1.0	1050	$1,695	$1.61	26d	1	0.29mi
839 N Tatnall St Unit 101 Wilmington, DE	2.0	2.0	1211	$1,750	$1.45	7d	1	0.30mi
839 N Tatnall St Unit 303 Wilmington, DE	1.0	2.0	876	$1,475	$1.68	0d	1	0.30mi
820 W 7th St Wilmington, DE	3.0	1.0	1000	$1,650	$1.65	45d	1	0.30mi
228 W 9th St Unit 201 Wilmington, DE	2.0	2.0	1031	$1,695	$1.64	46d	1	0.31mi
15 W Girard St Unit 105 Wilmington, DE	2.0	1.0	740	$1,645	$2.22	7d	1	0.31mi
1001 N Orange St Wilmington, DE	1.0–2.0	1.0–2.0	833	$2,135	$2.56	0d	61	0.32mi
617 W 6th St Unit 617 B Wilmington, DE	3.0	1.0	1000	$1,600	$1.60	7d	1	0.34mi
107 W 13th St Wilmington, DE	3.0	1.5	1325	$1,895	$1.43	45d	1	0.35mi
801 N Orange St Wilmington, DE	3.0	1.0–3.0	1118	$3,211	$2.87	0d	115	0.35mi
101 W 10th St Wilmington, DE	1.0	1.0	732	$2,150	$2.94	0d	13	0.37mi
600 N Washington St Wilmington, DE	1.0	1.0	700	$1,275	$1.82	45d	1	0.37mi
116 W 9th St Wilmington, DE	1.0–2.0	1.0–2.0	813	$2,270	$2.79	0d	17	0.38mi
1301 N Harrison St Wilmington, DE	1.0–2.0	1.0	1050	$1,850	$1.76	7d	1	0.38mi
1207 Delaware Ave Wilmington, DE	2.0	1.0	1200	$1,700	$1.42	13d	1	0.38mi
1210 Delaware Ave Unit 3 Wilmington, DE	2.0	1.0	1200	$2,395	$2.00	45d	1	0.39mi
913 N Market St Wilmington, DE	1.0–2.0	1.0–2.0	974	$1,985	$2.04	45d	5	0.40mi
1212 Delaware Ave Wilmington, DE	2.0	1.0–2.0	925	$2,695	$2.91	14d	4	0.40mi
1212 Delaware Ave Wilmington, DE	2.0	1.0–2.0	700	$2,495	$3.56	45d	4	0.40mi
703 Orange St Wilmington, DE	1.0–2.0	1.0	800	$1,475	$1.84	45d	1	0.42mi
1215 W 7th St Apt 1 Wilmington, DE	1.0	1.0	1000	$1,275	$1.27	20d	1	0.43mi
801 N Market St Unit 206 Wilmington, DE	1.0	1.0	728	$1,495	$2.05	7d	1	0.44mi
801 N Market St Unit 303 Wilmington, DE	1.0	1.0	790	$1,695	$2.15	7d	1	0.44mi
801 N Market St Unit 206 Wilmington, DE	1.0	1.0	728	$1,495	$2.05	45d	1	0.44mi
801 N Market St Unit 207 Wilmington, DE	2.0	2.0	1239	$1,895	$1.53	7d	1	0.44mi
507 W 4th St Wilmington, DE	3.0	1.5	1075	$1,800	$1.67	14d	1	0.46mi
1217 N King St Wilmington, DE	3.0	1.5	1300	$2,145	$1.65	20d	1	0.46mi
1212 N King St Wilmington, DE	1.0	1.5	1000	$1,650	$1.65	45d	1	0.48mi
802 N Broom St Apt 2 Wilmington, DE	2.0	21.0	800	$1,695	$2.12	23d	1	0.50mi
517 N Shipley St Wilmington, DE	2.0	1.0–2.0	822	$2,670	$3.25	0d	15	0.51mi
225 W 4th St Unit 1 Wilmington, DE	1.0	1.0	750	$1,399	$1.87	45d	1	0.51mi
225 W 4th St Unit 2 Wilmington, DE	2.0	1.0	1000	$1,599	$1.60	45d	1	0.51mi
1401 Pennsylvania Ave Wilmington, DE	1.0	1.0	785	$1,598	$2.04	23d	2	0.51mi
521 N Franklin St Wilmington, DE	3.0	2.0	1500	$1,795	$1.20	0d	1	0.52mi
1401 Pennsylvania Ave #208 Wilmington, DE	1.0	1.0	785	$1,700	$2.17	7d	1	0.53mi

HOA detail condo

• Monthly dues: $664 · $7,968/yr
• Likely covers: water
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 31 events

1. 2026-06-21
   days on market $145,000 Active 41 DOM
2. 2026-06-18
   days on market $145,000 Active 38 DOM
3. 2026-06-17
   days on market $145,000 Active 37 DOM
4. 2026-06-16
   days on market $145,000 Active 36 DOM
5. 2026-06-15
   price $145,000 Active 35 DOM
6. 2026-06-15
   days on market $150,000 Active 35 DOM
7. 2026-06-13
   days on market $150,000 Active 33 DOM
8. 2026-06-13
   days on market $150,000 Active 32 DOM
9. 2026-06-09
   days on market $150,000 Active 29 DOM
10. 2026-06-08
    days on market $150,000 Active 28 DOM
11. 2026-06-07
    days on market $150,000 Active 27 DOM
12. 2026-06-04
    days on market $150,000 Active 24 DOM
13. 2026-06-03
    days on market $150,000 Active 23 DOM
14. 2026-06-02
    days on market $150,000 Active 22 DOM
15. 2026-06-01
    days on market $150,000 Active 21 DOM
16. 2026-05-31
    days on market $150,000 Active 20 DOM
17. 2026-05-11
    listed $150,000 Active 786-char remark
18. 2026-03-25
    historical
19. 2026-02-18
    status Active
20. 2026-01-23
    status Pending
21. 2025-11-12
    price $149,900
22. 2025-09-25
    listed $159,900 Active
23. 2021-06-28
    soldstatus $94,900 Closed

    Show marketing remark (1863 chars)

    Tour this conveniently located 2 bedroom, 2 bath condo with 2 Parking spaces (1 covered garage space and 1 outdoor assigned space ) in the heart of downtown Wilmington's Trinity Vicinity. Just a short walk from Hotel DuPont, DE. CO Food Hall, The Playhouse at Rodney Square, Wilmington Library, Market Street Mall, the YMCA and only a short commute to Trolley Square and The Riverfront, you afford to live in the center of it all. Trinity Square North Condominium is a 28 unit elevator building with its own private parking garage making it an ideal fit for someone who wants low maintenance living and a heightened social life. This amazing unit 1st floor unit condo has new laminate flooring flowing throughout the entire unit, new windows, new hot water heater and a newer stove. As you walk into the unit, you notice a nice size kitchen to your immediate right spacious enough for a small bistro table. Adjacent to the kitchen is the main living space featuring an open dining area with chandelier and a large size family room area with large windows that let in plenty of natural light. To the left of the open concept dining/living space, you have your first bedroom with a nice size closet and large windows. Down the hallway, you will see a convenient stackable washer/dryer and a new water heater. You will also notice a full bath with tub/shower combination at the end of the hallway. At the opposite side of the hallway is a large master suite with a large walk-in closet, large windows, sizable linen closet and ensuite bathroom with another tub/shower combination. The entire unit has been freshly painted top to bottom awaiting its new owner to add their personal style to it. Do not miss out on your chance to own a slice of the city and spend all of your time enjoying ALL it has to offer. Nothing to do here but move in. Schedule your tour today!

24. 2021-06-16
    status Pending

    Show marketing remark (1863 chars)

    Tour this conveniently located 2 bedroom, 2 bath condo with 2 Parking spaces (1 covered garage space and 1 outdoor assigned space ) in the heart of downtown Wilmington's Trinity Vicinity. Just a short walk from Hotel DuPont, DE. CO Food Hall, The Playhouse at Rodney Square, Wilmington Library, Market Street Mall, the YMCA and only a short commute to Trolley Square and The Riverfront, you afford to live in the center of it all. Trinity Square North Condominium is a 28 unit elevator building with its own private parking garage making it an ideal fit for someone who wants low maintenance living and a heightened social life. This amazing unit 1st floor unit condo has new laminate flooring flowing throughout the entire unit, new windows, new hot water heater and a newer stove. As you walk into the unit, you notice a nice size kitchen to your immediate right spacious enough for a small bistro table. Adjacent to the kitchen is the main living space featuring an open dining area with chandelier and a large size family room area with large windows that let in plenty of natural light. To the left of the open concept dining/living space, you have your first bedroom with a nice size closet and large windows. Down the hallway, you will see a convenient stackable washer/dryer and a new water heater. You will also notice a full bath with tub/shower combination at the end of the hallway. At the opposite side of the hallway is a large master suite with a large walk-in closet, large windows, sizable linen closet and ensuite bathroom with another tub/shower combination. The entire unit has been freshly painted top to bottom awaiting its new owner to add their personal style to it. Do not miss out on your chance to own a slice of the city and spend all of your time enjoying ALL it has to offer. Nothing to do here but move in. Schedule your tour today!

25. 2021-05-27
    historical Active Under Contract

    Show marketing remark (1863 chars)

    Tour this conveniently located 2 bedroom, 2 bath condo with 2 Parking spaces (1 covered garage space and 1 outdoor assigned space ) in the heart of downtown Wilmington's Trinity Vicinity. Just a short walk from Hotel DuPont, DE. CO Food Hall, The Playhouse at Rodney Square, Wilmington Library, Market Street Mall, the YMCA and only a short commute to Trolley Square and The Riverfront, you afford to live in the center of it all. Trinity Square North Condominium is a 28 unit elevator building with its own private parking garage making it an ideal fit for someone who wants low maintenance living and a heightened social life. This amazing unit 1st floor unit condo has new laminate flooring flowing throughout the entire unit, new windows, new hot water heater and a newer stove. As you walk into the unit, you notice a nice size kitchen to your immediate right spacious enough for a small bistro table. Adjacent to the kitchen is the main living space featuring an open dining area with chandelier and a large size family room area with large windows that let in plenty of natural light. To the left of the open concept dining/living space, you have your first bedroom with a nice size closet and large windows. Down the hallway, you will see a convenient stackable washer/dryer and a new water heater. You will also notice a full bath with tub/shower combination at the end of the hallway. At the opposite side of the hallway is a large master suite with a large walk-in closet, large windows, sizable linen closet and ensuite bathroom with another tub/shower combination. The entire unit has been freshly painted top to bottom awaiting its new owner to add their personal style to it. Do not miss out on your chance to own a slice of the city and spend all of your time enjoying ALL it has to offer. Nothing to do here but move in. Schedule your tour today!

26. 2021-04-18
    price $94,900

    Show marketing remark (1863 chars)

    Tour this conveniently located 2 bedroom, 2 bath condo with 2 Parking spaces (1 covered garage space and 1 outdoor assigned space ) in the heart of downtown Wilmington's Trinity Vicinity. Just a short walk from Hotel DuPont, DE. CO Food Hall, The Playhouse at Rodney Square, Wilmington Library, Market Street Mall, the YMCA and only a short commute to Trolley Square and The Riverfront, you afford to live in the center of it all. Trinity Square North Condominium is a 28 unit elevator building with its own private parking garage making it an ideal fit for someone who wants low maintenance living and a heightened social life. This amazing unit 1st floor unit condo has new laminate flooring flowing throughout the entire unit, new windows, new hot water heater and a newer stove. As you walk into the unit, you notice a nice size kitchen to your immediate right spacious enough for a small bistro table. Adjacent to the kitchen is the main living space featuring an open dining area with chandelier and a large size family room area with large windows that let in plenty of natural light. To the left of the open concept dining/living space, you have your first bedroom with a nice size closet and large windows. Down the hallway, you will see a convenient stackable washer/dryer and a new water heater. You will also notice a full bath with tub/shower combination at the end of the hallway. At the opposite side of the hallway is a large master suite with a large walk-in closet, large windows, sizable linen closet and ensuite bathroom with another tub/shower combination. The entire unit has been freshly painted top to bottom awaiting its new owner to add their personal style to it. Do not miss out on your chance to own a slice of the city and spend all of your time enjoying ALL it has to offer. Nothing to do here but move in. Schedule your tour today!

27. 2021-02-04
    listed $99,000 Active

    Show marketing remark (1863 chars)

    Tour this conveniently located 2 bedroom, 2 bath condo with 2 Parking spaces (1 covered garage space and 1 outdoor assigned space ) in the heart of downtown Wilmington's Trinity Vicinity. Just a short walk from Hotel DuPont, DE. CO Food Hall, The Playhouse at Rodney Square, Wilmington Library, Market Street Mall, the YMCA and only a short commute to Trolley Square and The Riverfront, you afford to live in the center of it all. Trinity Square North Condominium is a 28 unit elevator building with its own private parking garage making it an ideal fit for someone who wants low maintenance living and a heightened social life. This amazing unit 1st floor unit condo has new laminate flooring flowing throughout the entire unit, new windows, new hot water heater and a newer stove. As you walk into the unit, you notice a nice size kitchen to your immediate right spacious enough for a small bistro table. Adjacent to the kitchen is the main living space featuring an open dining area with chandelier and a large size family room area with large windows that let in plenty of natural light. To the left of the open concept dining/living space, you have your first bedroom with a nice size closet and large windows. Down the hallway, you will see a convenient stackable washer/dryer and a new water heater. You will also notice a full bath with tub/shower combination at the end of the hallway. At the opposite side of the hallway is a large master suite with a large walk-in closet, large windows, sizable linen closet and ensuite bathroom with another tub/shower combination. The entire unit has been freshly painted top to bottom awaiting its new owner to add their personal style to it. Do not miss out on your chance to own a slice of the city and spend all of your time enjoying ALL it has to offer. Nothing to do here but move in. Schedule your tour today!

28. 2017-09-03
    historical
29. 2017-04-13
    listed $85,000
30. 2005-09-30
    soldstatus $91,000
31. 2005-09-01
    listed $91,000

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 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: $21,989
• − Mortgage interest: −$8,122
• − Property taxes: −$2,175
• − Insurance: −$725
• − Repairs & maintenance: −$1,759
• − Management: −$1,759
• − HOA: −$7,968
• − Depreciation: −$4,218
• Taxable loss: −$4,738
• Est. tax savings @ 24.0%: +$1,137
• After-tax cash flow: $-1,484/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): 16,327
• Household income: $52,810
• Rent vs Own: 69.4% rent · 30.6% own
• Severe rent burden: 919.0

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: Predominantly Black (67%)
• Race & ethnicity: Black 67% White 15% Hispanic / Latino 9% Two or more races 7% Asian 4%
• Hispanic origin (detail): Mexican 3% Puerto Rican 4%
• Common ancestry: Romanian 1% Slovak 1% Italian 1%
• Foreign-born: 9% · Canada, China, Vietnam
• Languages at home: 87% English-only · Spanish 7% Other Indo-European 2% Chinese 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: ▼ -112.65%
• Current HPI: 151.1288
• Rent YoY: ▲ 1.59%
• Metro: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
• State GDP YoY: —
• F500 in state: 0

Price history

+59.3% since first listed

16 events — show timeline

• 2026-06-15 Price Changed $145,000 BRIGHT MLS
• 2026-05-11 Listed $150,000 BRIGHT MLS
• 2026-03-25 Listing Removed — BRIGHT MLS
• 2026-02-18 Relisted — BRIGHT MLS
• 2026-01-23 Pending — BRIGHT MLS
• 2025-11-12 Price Changed $149,900 BRIGHT MLS
• 2025-09-25 Listed $159,900 BRIGHT MLS
• 2021-06-28 Sold (MLS) $94,900 BRIGHT MLS
• 2021-06-16 Pending — BRIGHT MLS
• 2021-05-27 Contingent — BRIGHT MLS
• 2021-04-18 Price Changed $94,900 BRIGHT MLS
• 2021-02-04 Listed $99,000 BRIGHT MLS
• 2017-09-03 Listing Removed — BRIGHT MLS
• 2017-04-13 Listed $85,000 BRIGHT MLS
• 2005-09-30 Sold (MLS) $91,000 BRIGHT MLS
• 2005-09-01 Listed $91,000 BRIGHT MLS