905 E 17th Street

WILMINGTON, DE 19802

  • 2 Bed(s)
  • 1.0 Bath(s)
  • 0 Sqft
  • 1307
    Sqft(Lot)
$130,000

Description

đź’° high-yield turnkey rental | 8.7% cap rate | fully occupied

investors—unlock solid returns with 905 e. 17th st, a cash-flowing, tenant-occupied townhome in wilmington’s revitalizing east side. currently generating $1,295/month in rent from a section 8 tenant, this property brings in strong income with a great operating expense ratio—ideal for long-term hold strategies or out-of-state investors looking for stable returns with minimal headaches.

đź“Š investment snapshot:

current rent: $1,295/mo (tenant in place)

2024 gross income: $15,485

2024 operating expenses: $4,130

net operating income: $11,355

cap rate @ $130k: 8.7%

operating expense ratio: 26%

đź“Ť located minutes from downtown wilmington, i-95, and public transit, this property offers both cash flow and long-term appreciation potential. the rent roll and payment history show consistency and solid tenant retention.

whether you’re expanding your portfolio or seeking your first profitable turnkey asset, this is a plug-and-play rental with strong fundamentals.

📞 request the rent roll, full financials, or schedule a walk-through today—opportunities like this don’t sit long.

  • Property Type

    Residential

  • Subdivision

    None Available

  • County

    NEW CASTLE

  • Style

    Straight Thru

  • AD ID

    50066070

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Property Details

  • Bedroom Information

    • Total Bedrooms : 2
    • Total Bedroom (Upper): 2
    • Bedroom Upper Level 1: 2

    Bathroom Information

    • Total Baths: 1
    • Full Baths: 1

    Water/Sewer

    • Water Source : Public

    Room Information

    • Patio/Porch Features: Porch(es)

    Interior Features

    • Roof : Flat,Rubber
    • Basement Description: Full,Unfinished
    • Property Appliances: Refrigerator,Oven - Single
    • Fireplace: Non-Functioning

    Roofing Information

    • Flat,Rubber

    Heating & Cooling

    • Cooling: None
    • Heating: Forced Air
    • Cooling Fuel: None
    • Heating Fuel: Natural Gas

  • Building Information

    • Year Built: 1900
    • Structure: Interior Row/Townhouse
    • Fencing: Fully
    • Fireplace: 1
    • Major Appliances: Refrigerator,Oven - Single
    • New Construction: No
    • Built: 1900
    • Construction Material: Brick
    • Roof: Flat,Rubber
    • Foundation/Basement: Concrete Perimeter
    • Architecture: Straight Thru
    • Pool/Private: No Pool
    • Roof Type: Flat,Rubber

    Pool Information

    • Pool: No Pool

    Utility Features

    • Sewer: Public Sewer

    Fencing

    • Fully

    Water

    • Water Heat: Natural Gas

  • Lot Information

    • Lot Size: 1,307
    • Lot Size (Acres): 0.03
    • Architectural Style: Straight Thru
    • Main Square Feet: 1,307

    Property Information

    • SQ ft: 1,025
    • SQ ft (Living Area): 1,025
    • Total Lot SQ ft: 1,307
    • Subdivision: NONE AVAILABLE
    • Total Acreage: 0.03
    • New Construction: No
    • Type: Straight Thru

  • Listing Information

    • Possession: Subject to Existing Lease
    • Days Of Market: 4

  • Tax Information

    • Annual Tax: $766
    • Tax Year: 2022
    • Total Taxes Payment Frequency: Annually

    Possession

    • Subject to Existing Lease

    Assessment Information

    • Taxes Assessment Amount: $15,900

  • Parking Information

    • Parking Type: On Street

    Multi-Unit Information

    • Roof: Flat,Rubber

    Homeowners Association Information

    • Direction: 🛣 From I-95 South (coming from Philadelphia/Claymont): Take Exit 6 for MLK Blvd/4th Street. Merge onto N Jackson St via the exit ramp. Continue straight onto N Jackson St, then turn right onto MLK Jr Blvd. Turn left onto Walnut Street and cross the Walnut Street Bridge. Continue on Walnut St for about 1.2 miles. Turn right onto E 17th Street. 905 E 17th St will be on your left, just after Pine St. 🛣 From I-95 North (coming from Newark/New Castle): Take Exit 6 toward MLK Blvd/4th Street. Stay left at the fork and follow signs for MLK Blvd. Turn left onto N Adams St, then right onto MLK Jr Blvd. Turn left onto Walnut Street, crossing the Walnut Street Bridge. Continue on Walnut St for about 1.2 miles. Turn right onto E 17th Street. 905 E 17th St will be on your left, just after Pine St.

  • School Information

    • High School: BRANDYWINE
    • School District: BRANDYWINE

    Fire Place Information

    • Total Fire Place: 1
    • Fire Place Features: Non-Functioning

    Utility Information

    • Water Source: Public
    • Sewer: Public Sewer
    • Cooling Fuel: None
    • Heating Fuel: Natural Gas
    • Hot Water: Natural Gas

    Location Information

    • Direction: 🛣 From I-95 South (coming from Philadelphia/Claymont): Take Exit 6 for MLK Blvd/4th Street. Merge onto N Jackson St via the exit ramp. Continue straight onto N Jackson St, then turn right onto MLK Jr Blvd. Turn left onto Walnut Street and cross the Walnut Street Bridge. Continue on Walnut St for about 1.2 miles. Turn right onto E 17th Street. 905 E 17th St will be on your left, just after Pine St. 🛣 From I-95 North (coming from Newark/New Castle): Take Exit 6 toward MLK Blvd/4th Street. Stay left at the fork and follow signs for MLK Blvd. Turn left onto N Adams St, then right onto MLK Jr Blvd. Turn left onto Walnut Street, crossing the Walnut Street Bridge. Continue on Walnut St for about 1.2 miles. Turn right onto E 17th Street. 905 E 17th St will be on your left, just after Pine St.
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BuyOwner last updated this listing 06/09/2025 @ 06:11

  • MLS: DENC2083030
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: BRIGHT MLS

is a Home, with 2 bedrooms which is for sale, it has 0 sqft, 1,307 sized lot, and 0 parking. are nearby neighborhoods.