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600 W 5th St, Wilmington, DE, 19801

6beds
--baths
2,775sqft
$350,000
$126price/sqft
$2,445/moest. monthly cost
$97,800/yrincome needed

About This Home

Come see this great investment opportunity! The building features 3 units consisting of three 2-bedroom units and 1-bathroom units. Separate gas hot water and electric services for each unit. This property is within walking distance to Downtown Wilmington, the Business District, and the Wilmington Riverfront. This property offers a great investment opportunity or the chance to owner-occupy one unit while renting out the others. The building has Three two-bedroom 1 bath units at $1,200 each. $3,600 a month total plus the garage is rented at $150 a month which is approximately $45000/yr annual rental income. The City of Wilmington Business license is current for all the rental units. The landlord does have the security deposits in Escrow. All the utilities are separate systems. The house has a central sprinkler system, hard wired smoke and carbon dioxide detectors. Don’t miss out on this opportunity!

Getting Around

92
WalkingWalker's Paradise
60
TransitGood Transit
47
BikeSomewhat Bikeable

Schools

1/10
3/10
Newark High SchoolGrades 9-1210.6 mi
2/10
The Bayard SchoolGrades 1-80.8 mi

Construction

Condition

  • Property condition: Below Average
  • Year built: 1890

Materials

  • Foundation: Other
  • Roof: Flat
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Architectural style: Other
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Area: 0

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 6

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Window Unit(s),Natural Gas

Interior Area

  • Total structure area: 2,775
  • Total interior livable area: 2,775 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 26035.30005
  • Zoning: 26R-4
  • Special condition: Standard

Features

  • Pool features: None
  • Exterior features: Sidewalks

Lot

  • Lot size: 1,742 sqft

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

  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Winter Weather
Cold Wave
Tsunami

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

MonthlyAnnual
Mortgage $1,769$21,228
Home Insurance *$160$1,920
Property Taxes $210$2,520
Electricity $306$3,682
Total$2,445$29,340
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$83,828/yr
40% on housing$73,350/yr
45% on housing$65,200/yr

Delaware FAIR Plan Programs

Insurance Placement Facility of Delaware

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,170Commercial: 57
Total Premiums$607,000
Total Exposure$249.53M

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.

Insurance Growth Rate5-year average: 7.0%
7.0%
0%30.0%
Electricity Growth Rate10-year average: 8.7%
8.7%
0%15.0%
Property Taxes Growth Rate2-year average: -0.8%
-0.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$126This listing

vs Other Active Listings

Avg $/sqft

ZIP 19801$104
New Castle County$172

vs Homes Sold Last Month

Median $/sqft

ZIP 19801$285
New Castle County$218

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)

No zestimate history available

Price History

DateEventPrice
2026-07-09Listed for sale$350,000
2023-08-09Listing removed--
2023-06-15Listed for sale$349,000
2011-11-02Listing removed$159,900
2011-07-16Price change$159,900
2011-07-14Price change$164,900
2011-05-11Price change$159,900
2010-11-06Listed for sale$164,900
2004-06-01Sold$130,000

For Sale by Agent

AgentMichael Hunter
BrokerageHome Realty

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