- 2 beds
- 1 bath
- 1,025 sqft
- 1,307 sqft lot
- $126 per sqft
- 1900 build
💰 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. 📊 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% 📍 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.
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Last updated Jun 6, 2025
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MLS# DENC2083030 —
The Building
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Year Built:1900
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Year Built Source:Estimated
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Roof:Flat, Rubber
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New Construction:No
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Construction Materials:Brick
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Structure Type:Interior Row/Townhouse
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Architectural Style:Straight Thru
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Levels:2
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Accessibility Features:None
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Foundation Details:Concrete Perimeter
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Basement:Yes
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Basement Type:Full, Unfinished
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Total SqFt Source:Estimated
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Total Below Grade SqFt Source:Estimated
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Above Grade Finished Area Units:Square Feet
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Above Grade Finished SqFt:1025
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Above Grade Finished SqFt Source:Estimated
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Below Grade Finished Area Units:Square Feet
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Below Grade Unfinished Area Units:Square Feet
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Below Grade Finished SqFt Source:Estimated
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Below Grade Unfinished SqFt Source:Estimated
Interior
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Fireplace:Yes
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Fireplaces:1
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Fireplace Features:Non-Functioning
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:1025
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Living Area SqFt:1,025 Sqft
Financial & Terms
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Sale Type:Standard
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Possession:Subject to Existing Lease
Location
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Directions:🛣 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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Cross Street:N Locust St.
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Latitude:39.74703000
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Longitude:-75.53427000
The Property
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Property Type:Residential
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Lot Size Units:Square Feet
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Lot Size Acres:0.03
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Lot Size Source:Estimated
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Lot SqFt:1,307 Sqft
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Zoning:RES
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In City Limits:Yes
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Outdoor Living Structures:Porch(es)
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Other Structures:Above Grade, Below Grade
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Waterview:No
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Fencing:Fully
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Ground Rent Exists:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (302) 463-8143
- Office phone:
- (302) 762-3757
Taxes
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Tax ID Number:26-029.40-285
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Tax Year:2022
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Tax Lot:285
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Tax Annual Amount:$766
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Tax Assessed Value:$15,900
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Year Assessed:2022
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School Tax:431.0
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County Tax:40.00
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City/Town Tax:295.00
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Total Taxes Payment Frequency:Annually
Beds
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Bedrooms:2
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Upper Level Bedrooms:2
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Upper Level 1 Bedrooms:2
Baths
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Total Baths:1
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Full Baths:1
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Upper Level Full Baths:1
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Upper Level Total Baths:1
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Upper Level Total Baths:1.00
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Upper Level Full Baths:1
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:None
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Heating:Yes
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Heating Type:Forced Air
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Natural Gas
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Water Source:Public
Appliances
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Appliances:Refrigerator, Oven - Single
Schools
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High School:BRANDYWINE
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School District Name:Brandywine
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School District Source:Listing Agent
The Community
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Subdivision Name:None Available
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Senior Community:No
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Pool:No Pool
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HOA:No
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Condo/Coop Association:No
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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Vacation Rental:No
Monthly cost estimate

Asking price
$130,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$696
|
Taxes | $63 |
Insurance | $35 |
Utilities | $148 See report |
Total | $942/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
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6/4/25
Jun 4, 2025
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Listed / Active | BRIGHT | $130,000 |