Exceptional 8-Unit Investment Opportunity in Wilmington! First time on the market in over 40 years, this well-maintained 8-unit multifamily property offers an incredible opportunity for investors seeking stability and long-term value. Situated on a prime corner lot, this asset features (6) 1-bedroom/1-bath units and (2) 2-bedroom/1-bath units, each separately metered for gas and electricity — an important feature for minimizing owner expenses. Pride of ownership is evident throughout. The property boasts a new roof, newer dual-pane windows installed on most units, and a fresh exterior paint job, enhancing both curb appeal and longevity. The long-term tenants have taken great care of their homes, reflecting the property’s strong community feel and consistent upkeep. Residents enjoy ample on-site parking with eight designated spaces in addition to street parking. All 9A compliance items have been completed, offering peace of mind for the next owner. This is a rare chance to acquire a turnkey investment in a thriving rental market, where opportunities like this seldom become available. Whether you’re expanding your portfolio or entering the multifamily space, this Wilmington gem is one you won’t want to miss.
Electricity Connected, Natural Gas Available
Date | Details | Change |
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Status Changed from Pending to Active | – | |
Status Changed from Active to Pending | – |
Yolanda Andrade, Cornerstone Realty Group.
Based on information from California Regional Multiple Listing Service, Inc. as of October 11th, 2025 at 3:46pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.