2407 Lamotte St, Wilmington, DE, 19802
About This Home
Updated income-producing property with a reliable tenant already in place paying $1,750/month. This well-maintained home offers an excellent opportunity for both first-time home buyers and investors seeking immediate cash flow. Recent updates include a NEW BOILER (2024) & HOT WATER HEATER (2024) that provides modern comfort and peace of mind, while the strong rental history adds value and stability. Conveniently located near shopping, dining, and major routes, this property is ideal for building equity or expanding your investment portfolio. Don’t miss this turnkey opportunity with built-in income potential.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1925
Materials
- Foundation: Concrete Perimeter
- Construction materials: Brick
Type & Style
- Home type: Townhouse
- Architectural style: Traditional
- Property subType: Townhouse
Interior
Appliances
- Appliances included: Electric Water Heater
Basement
- Area: 0
Basement
- Has basement: Yes
- Basement: Unfinished,Sump Pump
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Features
- Finished area below ground: 0
- Finished area above ground: 1,150
Heating & Cooling
- Heating features: Hot Water,Natural Gas Available
- Cooling features: None
Interior Area
- Total structure area: 1,150
- Total interior livable area: 1,150 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 26022.40083
- Zoning: 26R-3
- Special condition: Standard
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Lot size: 1,307 sqft
- Lot size dimensions: 14.70 x 80.00
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Winter Weather
- Cold Wave
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Delaware Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $758 | $9,096 |
| Home Insurance * | $58 | $696 |
| Property Taxes | $89 | $1,068 |
| Electricity | $251 | $3,021 |
| Total | $1,156 | $13,872 |
Income You'd Need if You Spent...
Delaware FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-06 | Listed for sale | $170,000 |
| 2021-07-30 | Sold | $24,900 |
| 2021-06-23 | Pending sale | $24,900 |
| 2021-06-16 | Listed for sale | $24,900 |
View on Zillow