902 N Madison St, Wilmington, DE, 19801
About This Home
Excellent investment opportunity in the heart of Wilmington! This well-maintained triplex at 902 N Madison features three spacious units, each offering 2 bedrooms and 2 full bathrooms — a highly desirable layout for today’s rental market. All units are currently occupied with long-term tenants on month-to-month leases, providing immediate rental income along with future flexibility for investors looking to maximize returns. Perfect for investors seeking to expand their portfolio, this property is ideally located just minutes from Trolley Square, Market Street, Wilmington Train Station, major highways, shopping, dining, and public transportation. Its prime location offers strong rental appeal and convenient access for commuters and city living alike. Whether you’re looking for steady cash flow, long-term appreciation, or value-add potential, this income-producing multi-family property is an opportunity you won’t want to miss!
Getting Around
Walker's Paradise
Good Transit
BikeableSchools
Construction
Condition
- Year built: 1875
Materials
- Foundation: Concrete Perimeter
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subType: Triplex
Interior
Appliances
- Appliances included: Gas Water Heater
Basement
- Area: 0
Basement
- Has basement: Yes
- Basement: Other
Bedrooms & Bathrooms
- Bedrooms: 6
Heating & Cooling
- Heating features: Hot Water,Natural Gas
- Cooling features: Central Air,Natural Gas
Interior Area
- Total structure area: 4,250
- Total interior livable area: 4,250 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 26028.30257
- Zoning: 26R-4
- Special condition: Standard
Features
- Pool features: None
Lot
- Lot size: 3,485 sqft
- Lot size dimensions: 25.00 x 130.00
Parking
- Parking features: Off Street
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
- 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 | $2,224 | $26,688 |
| Home Insurance * | $201 | $2,412 |
| Property Taxes | $263 | $3,156 |
| Electricity | $470 | $5,640 |
| Total | $3,158 | $37,896 |
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 |
|---|---|---|
| 2026-05-19 | Listed for sale | $439,900 |
| 2026-05-02 | Listing removed | $469,000 |
| 2026-02-26 | Listed for sale | $469,000 |
| 2020-03-11 | Sold | $241,500 |
| 2020-03-11 | Listed for sale | $250,000 |
| 2020-02-01 | Pending sale | $250,000 |
| 2020-01-21 | Price change | $250,000 |
| 2020-01-02 | Price change | $269,900 |
| 2019-10-31 | Price change | $275,000 |
| 2019-07-15 | Price change | $290,000 |
| 2019-05-10 | Listed for sale | $300,000 |
| 2017-08-25 | Listing removed | $880 |
| 2017-08-24 | Listed for rent | $880 |
| 2017-06-30 | Listing removed | $880 |
| 2017-06-03 | Listed for rent | $880 |
| 2013-12-06 | Sold | $189,000 |
| 2013-10-11 | Price change | $189,000 |
| 2013-09-05 | Price change | $199,000 |
| 2013-07-20 | Listed for sale | $219,000 |
| 2004-09-28 | Sold | $220,000 |
| 2003-04-01 | Sold | $130,000 |
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