About 1401 & 1403 N Broom St
Investment Opportunity – Monument Square Apartments presents a rare chance to acquire a stabilized 10-unit multifamily property in Wilmington’s sought-after Trolley Square neighborhood. The asset consists of two adjoining three-story brick buildings on separate parcels, with each apartment featuring its own character and separately metered utilities. Over the past five years, ownership has invested in both cosmetic updates and key system improvements across all units, enhancing tenant appeal and reducing near-term capital needs. The property is well-positioned to provide consistent cash flow with upside through future rent growth in a high-demand submarket. For scale-minded investors, this property can also be acquired with two adjacent buildings totaling 19 additional units plus a buildable lot, offering immediate portfolio expansion in one of Wilmington’s most desirable rental corridors. Full financials and package details available upon request.
Features of 1401 & 1403 N Broom St
| MLS® # | DENC2089420 |
|---|---|
| Price | $1,995,000 |
| Bathrooms | 0.00 |
| Square Footage | 8,095 |
| Acres | 0.18 |
| Year Built | 1877 |
| Type | Multi-Family |
| Sub-Type | Twin/Semi-Detached, Other |
| Style | Colonial |
| Status | Active |
Community Information
| Address | 1401 & 1403 N Broom St |
|---|---|
| Area | Wilmington (30906) |
| City | WILMINGTON |
| County | NEW CASTLE-DE |
| State | DE |
| Zip Code | 19806 |
| Senior Community | N |
Amenities
| Utilities | Natural Gas Available |
|---|---|
| Parking Type | On Street |
| Is Waterfront | No |
| Pool Type | No Pool |
Interior
| Heating | Hot Water |
|---|---|
| Cooling | Central A/C, Window Unit(s) |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Full |
| Central Air | Y |
Exterior
| Exterior | Brick and Siding |
|---|---|
| Style | Colonial |
| New Construction | N |
| Foundation | Stone |
School Information
| District | RED CLAY CONSOLIDATED |
|---|
Additional Information
| Date Listed | September 15th, 2025 |
|---|---|
| Days on Market | 29 |
| Zoning | 26R-2A |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Long & Foster Real Estate, Inc. |
|---|---|
| Contact Info | (302) 351-5000 |