1608 N Broom Street, Wilmington, DE 19806-3035 $1,325,000

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# of Units: 1
Acreage: 0.12
Age:115 years
Taxes: $6,248
MLS#: DENC2089592
Subdivision: Trolley Square
Design/Type:
Detached

Description

1608 N. Broom Street – Prime Investment Opportunity in Wilmington’s Coveted Trolley Square Presenting a rare and lucrative opportunity to acquire a well-maintained six-unit multifamily property in the heart of Wilmington’s vibrant Trolley Square neighborhood. This sought-after location offers the perfect blend of urban living and convenience, with an array of dining, shopping, and entertainment options just steps away. This property features five fully renovated one-bedroom units, each boasting modern finishes, updated appliances, and contemporary design touches that appeal to today’s discerning tenants. In addition to the cosmetic upgrades, significant mechanical improvements have been made throughout the building, ensuring long-term durability and minimal maintenance. With a thoughtful layout, the building offers three front-facing units with street views and three rear-facing units that provide added privacy, making it ideal for a wide range of renters. A shared laundry facility in the basement, equipped with two washers and two dryers, adds convenience for residents and minimizes operating costs. Whether you’re an experienced investor or just starting to build your real estate portfolio, this property offers strong cash flow potential and a prime location in one of Wilmington’s most desirable neighborhoods. Full financials available upon request.

Taxes: $6,248
Home Assoc: No
Condo Assoc: No
Garage: N
Basement: Y
Pool: No Pool
School Dist: Red Clay Consolidated

Features

Utilities
Radiant Heating, Natural Gas, Ductless/Mini-Split, Electric, Natural Gas, Hot Water - Electric, Hot Water - Natural Gas, Public Water, Public Sewer

Garage/Parking
On Street

Interior
Basement Walkout Stairs, Hardwood Flooring

Exterior
Stone Foundation, Pitched Roof, Shingle Roof, Slate Roof, Brick Exterior

Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address. Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.

Public Elementary (29 schools)

School District Grades Place Distance
Lewis (William C.) Dual Language Elementary School Red Clay Consolidated School District K–5 Wilmington 0.46 mi
Warner Elementary School Red Clay Consolidated School District 3–5 Wilmington 0.52 mi
First State School Red Clay Consolidated School District 1–10 Wilmington 0.54 mi
Johnson (Joseph E. Junior) Elementary School Red Clay Consolidated School District K–5 Wilmington 0.58 mi
Shortlidge (Evan G.) Academy Red Clay Consolidated School District K–2 Wilmington 0.74 mi
Kuumba Academy Charter School Kuumba Academy Charter School K–8 Wilmington 0.98 mi
First State Montessori Academy First State Montessori Academy K–8 Wilmington 1.02 mi
The Bayard School Christina School District 1–8 Wilmington 1.13 mi
Stubbs Early Education Center Christina School District Preschool–K Wilmington 1.25 mi
The Bancroft School Christina School District 1–9 Wilmington 1.29 mi
Edison (Thomas A.) Charter School Edison (Thomas A.) Charter School K–8 Wilmington 1.45 mi
Harlan (David W. ) Elementary School Brandywine School District Preschool–5 Wilmington 1.57 mi
Douglass School Christina School District 1–12 Wilmington 1.72 mi
East Side Charter School East Side Charter School K–8 Wilmington 1.9 mi
Odyssey Charter School Odyssey Charter School K–12 Wilmington 2.19 mi
Lombardy Elementary School Brandywine School District K–5 Wilmington 2.31 mi
Baltz (Austin D.) Elementary School Red Clay Consolidated School District K–5 Wilmington 2.37 mi
Richardson Park Elementary School Red Clay Consolidated School District K–5 Wilmington 2.86 mi
Mount Pleasant Elementary School Brandywine School District K–5 Wilmington 3.43 mi
Marbrook Elementary School Red Clay Consolidated School District K–5 Wilmington 3.69 mi
Carrcroft Elementary School Brandywine School District K–5 Wilmington 3.71 mi
Richey Elementary School Red Clay Consolidated School District K–5 Wilmington 3.75 mi
Forwood Elementary School Brandywine School District K–5 Wilmington 4.47 mi
Mote (Anna P.) Elementary School Red Clay Consolidated School District K–5 Wilmington 4.5 mi
Eisenberg (Harry O.) Elementary School Colonial School District K–5 New Castle 4.56 mi
The Colwyck Center Colonial School District Preschool New Castle 4.76 mi
Bush (Charles W.) Pre-School Brandywine School District Preschool Wilmington 4.77 mi
Hanby Elementary School Brandywine School District K–5 Wilmington 4.77 mi
Leach (John G.) School Colonial School District Preschool–12 New Castle 4.79 mi

Public Middle (10 schools)

School District Grades Place Distance
First State School Red Clay Consolidated School District 1–10 Wilmington 0.54 mi
The Bancroft School Christina School District 1–9 Wilmington 1.29 mi
duPont (Pierre S.) Middle School Brandywine School District 6–8 Wilmington 1.45 mi
duPont (Alexis I.) Middle School Red Clay Consolidated School District 6–8 Greenville 1.57 mi
Douglass School Christina School District 1–12 Wilmington 1.72 mi
Odyssey Charter School Odyssey Charter School K–12 Wilmington 2.19 mi
Springer Middle School Brandywine School District 6–8 Wilmington 3.54 mi
Gateway Charter School Gateway Charter School 3–8 Wilmington 3.64 mi
McCullough (Calvin R. ) Middle School Colonial School District 6–8 New Castle 4.02 mi
Leach (John G.) School Colonial School District Preschool–12 New Castle 4.79 mi

Public High (16 schools)

School District Grades Place Distance
First State School Red Clay Consolidated School District 1–10 Wilmington 0.54 mi
Freire Charter School Freire Charter School Wilmington 8–12 Wilmington 0.74 mi
Great Oaks Charter School Great Oaks Charter School 8–12 Wilmington 0.98 mi
Howard High School of Technology New Castle County Vocational-Technical School District 9–12 Wilmington 1.16 mi
The Bancroft School Christina School District 1–9 Wilmington 1.29 mi
Calloway (Cab) School of the Arts Red Clay Consolidated School District 6–12 Wilmington 1.58 mi
Charter School of Wilmington Charter School of Wilmington 9–12 Wilmington 1.58 mi
Douglass School Christina School District 1–12 Wilmington 1.72 mi
Odyssey Charter School Odyssey Charter School K–12 Wilmington 2.19 mi
duPont (Alexis I.) High School Red Clay Consolidated School District 9–12 Wilmington 2.73 mi
Delaware Military Academy Delaware Military Academy 9–12 Wilmington 2.78 mi
Mount Pleasant High School Brandywine School District 9–12 Wilmington 3.04 mi
Conrad Schools of Science Red Clay Consolidated School District 6–12 Wilmington 3.26 mi
Brandywine High School Brandywine School District 9–12 Wilmington 3.61 mi
Delcastle Technical High School New Castle County Vocational-Technical School District 9–12 Wilmington 4.21 mi
Leach (John G.) School Colonial School District Preschool–12 New Castle 4.79 mi

Private (32 schools)

School Grades Place Distance
Ursuline Academy Lower Roman Catholic K–5 Wilmington 0.26 mi
Padua Academy Roman Catholic 9–12 Wilmington 0.43 mi
St Anthony Of Padua Grade School Roman Catholic Preschool–8 Wilmington 0.54 mi
St Ann School Roman Catholic Preschool–8 Wilmington 0.55 mi
Augustine Hills School Nonsectarian 4–11 Wilmington 0.56 mi
Salesianum School Roman Catholic 9–12 Wilmington 0.68 mi
Serviam Girls Academy Roman Catholic 5–8 Wilmington 0.75 mi
Sharon Temple Adventist School Seventh-Day Adventist K–8 Wilmington 0.76 mi
Urban Promise Academy Nonsectarian 7–11 Wilmington 0.85 mi
St Peter Cathedral School Roman Catholic Preschool–8 Wilmington 0.94 mi
Wilmington Friends School Friends Preschool–12 Wilmington 0.98 mi
High Road School Of Delaware Nonsectarian 3–12 Wilmington 0.98 mi
Nativity Preparatory School Of Wilmington Roman Catholic 5–8 Wilmington 1.11 mi
St Michaels School & Nursery Inc Nonsectarian Preschool–K Wilmington 1.17 mi
Tower Hill School Nonsectarian Preschool–12 Wilmington 1.19 mi
Darul Amaanah Academy Islamic K–8 Wilmington 1.25 mi
St Elizabeth School Roman Catholic Preschool–12 Wilmington 1.49 mi
Urban Promise School Other Preschool–6 Wilmington 1.53 mi
Astra Zeneca Child Development Center Nonsectarian Preschool–K Wilmington 1.54 mi
Maranatha Christian Academy Brethren K–6 Wilmington 1.89 mi
Program For Rigor And Innovation In Education Nonsectarian 6–8 Wilmington 2.16 mi
All Saints Catholic School Roman Catholic Preschool–8 Wilmington 2.36 mi
Montessori Learning Centre Nonsectarian Preschool–K Wilmington 2.62 mi
Concord Preschool And Childcare Presbyterian Preschool–K Wilmington 2.65 mi
St Mary Magdalen School Roman Catholic Preschool–8 Wilmington 2.69 mi
Immaculate Heart Of Mary Roman Catholic Preschool–8 Wilmington 2.75 mi
The Tatnall School Nonsectarian Preschool–12 Wilmington 3.15 mi
Faith Preschool & Child Care Presbyterian Preschool–K Wilmington 3.26 mi
Brandywine Valley Christian Presch Baptist Preschool–K Wilmington 3.49 mi
Albert Einstein Academy Jewish K–5 Wilmington 3.8 mi
The Pilot School Nonsectarian Ungraded Wilmington 4.34 mi
St Edmond's Academy Roman Catholic Preschool–8 Wilmington 4.91 mi

© 2025 LiveBy. All Rights Reserved.

This report is a detailed community overview for Wilmington (19806), Delaware.

Community Quick Facts

  • Average travel time to work for people in this community: 22
  • Average salary of people in this community: $78,934

Community Summary

  • Population Density (ppl / mile): 5,068
  • Household Size (ppl): 1.83
  • Households w/ Children: 23%

Housing Inventory

  • Owned: 2,714 (46.8%)
  • Rented: 2,478 (42.7%)
  • Vacant: 606 (10.5%)
  • Total: 5,798

Population Demographics

The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.

Total: 9,887
Households: 5,192
Median Age: 41.10

Climate and Weather

The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.

Temperature

Education

Highest Level of Education Attained

  • Less than 9th Grade: 1.3%
  • Some High School: 2.4%
  • High School Graduate: 11.8%
  • Some College: 14.7%
  • Associate Degree: 4.8%
  • Bachelor's Degree: 36.8%
  • Graduate Degree: 28.2%

Income by dollar range

Median Income: $77,591

Fair Market Rents

The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).

  • Studio: $673
  • One Bedroom: $1,031
  • Two Bedroom: $1,394
  • Three Bedroom: $1,762
  • Four Bedroom: $1,635

© 2025 LiveBy. All Rights Reserved.

Contact Information

Schedule an Appointment to See this Home
Request more information
or call me now at 302-429-4500

Listing Courtesy of: Long & Foster Real Estate, Inc. , (302) 351-5000, rtc@lnf.com

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 9/17/2025.

1608 N Broom Street, Wilmington, DE 19806-3035

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Broker Compensation

An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.