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1035 N Lombard St , Wilmington, DE 19801
$595,000
Est. Payment: $3,253.94/mo
4 Bed
2 Bath
3700 Sqft
0.05 Acres
Status: active | Days on site: 2
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CRWHME1 - 3388534
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House Description

RARE MIXED-USE INVESTMENT OPPORTUNITY | COMMERCIAL STOREFRONT + TWO RESIDENTIAL UNITS | DOWNTOWN WILMINGTON Discover an exceptional mixed-use commercial and multifamily investment opportunity at 1035 N Lombard Street in Wilmington, Delaware. This versatile property features a ground-floor commercial storefront currently utilized as a liquor store, along with two residential apartments, creating three distinct spaces with multiple potential rental income streams. THREE DISTINCT SPACES | COMMERCIAL & RESIDENTIAL INCOME POTENTIAL The property consists of a street-level commercial retail space and two residential units: a spacious 3-bedroom, 1-bathroom apartment and a separate 1-bedroom, 1-bathroom apartment. This combination presents an attractive opportunity for real estate investors seeking diversified rental income from commercial and residential tenants. The property also offers potential for an owner-occupant to reside in one apartment while leasing the remaining spaces, subject to existing occupancy arrangements and applicable requirements. STRATEGIC COMMERCIAL LOCATION | ACCESS TO MAJOR TRAFFIC CORRIDORS Situated near N Lombard Street and E 11th Street, the property is conveniently positioned within Wilmington's established urban commercial and residential market. Nearby N Walnut Street recorded approximately 16,000–25,000 vehicles per day along its corridor in a 2019 traffic study, demonstrating substantial traffic activity in the surrounding area. This figure represents the nearby corridor, not the subject property's direct street frontage. The location provides convenient access to Downtown Wilmington's restaurants, bars, retail establishments, entertainment destinations, government buildings, and major employment centers. DENSE POPULATION | GROWING CONSUMER & RENTAL MARKET Published 2025 trade-area estimates identify approximately 30,699 residents within 1 mile and 198,098 residents within 5 miles, representing a substantial surrounding population base. The area includes approximately 12,659 households within 1 mile and 81,005 households within 5 miles, supporting the potential demand for neighborhood-serving commercial space and residential rental housing. Population projections indicate continued growth through 2030, further strengthening the property's long-term investment appeal. MAJOR EMPLOYMENT CENTERS & ONGOING REDEVELOPMENT Wilmington serves as a regional employment hub for financial services, healthcare, legal services, government, and professional businesses. The property offers access to major employment destinations, including ChristianaCare facilities, Downtown Wilmington corporate offices, and the Wilmington Riverfront. Continued investment in the Downtown Development District, residential revitalization, and the Riverfront East redevelopment initiative highlights ongoing public and private investment throughout Wilmington. MULTIFAMILY INVESTMENT | MIXED-USE PROPERTY | LIVE/WORK POTENTIAL Whether your strategy involves leasing all three spaces, maintaining a combination of commercial and residential tenants, or occupying one residential unit while generating rental income from the others, this property offers flexibility for a variety of real estate investment strategies. Convenient access to I-95, Wilmington's Amtrak/SEPTA station, downtown amenities, and surrounding residential neighborhoods further enhances its appeal. Secure a mixed-use real estate asset offering commercial versatility, two residential rental units, and long-term investment potential in Wilmington, Delaware. REAL ESTATE ONLY: The existing liquor-store business, liquor license, inventory, and business assets are not included in the sale. Prospective purchasers should independently verify leases, occupancy, income, expenses, zoning, and permitted uses.

Highlights

Listed by Michael Mulski , 3026099888 Crown Homes Real Estate , 3025046147. Bright MLS

Property Type

Multi-Family

Lot/Acreage
0.05

Year Built

1899

County

New Castle

Area

Wilmington (30906)

School District

Christina

Listing ID

DENC2114642

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:4
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Air Cond:Ductless/Mini-Split
Fireplaces:
Above Ground Sq Ft:3700
Water:Public

Exterior Features

Lot:Not New Construction,Horse Property: No
Zoning:26R-3
Roof:Shingle
Sewer:Public Sewer
Parking Features:On Street
Principal Interest
$3,254
Taxes
$386

Home Price

$595,000

Loan Details

30 yrs
7.271%

Down Payment

20%
$119,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,253.94

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,253.94 $385.50 $0.00 $3,639.44
Yearly $39,047.30 $4,626.00 $0.00 $43,673.30
Total $1,171,419.07 $138,780.00 $0.00 $1,310,199.07
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Wilmington, DE).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

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Data last updated: 2026-11-14T01:13:51.000Z

© 2026 Bright MLS