Features & Amenities

Interior

  • Total Bedrooms

    8

  • Bathrooms

    4

  • Above Grade Finished Area

    3150.0

  • Basement YN

    YES

  • Cooling YN

    NO

  • Cooling

    None

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Natural Gas, Radiant

  • Main Level Bedrooms

    2

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Stucco, Stone

  • Parking

    On Street

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.08

  • Lot Size(square feet)

    3,484

  • Property Type

    Residential

  • Property Sub Type

    Townhouse

  • Architectural Style

    Colonial

Price

  • Sales Price

    $499,900

  • Tax Amount

    $5,181

  • Sq. Footage

    3,150

  • Price/SqFt

    $158

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • New Construction

    NO

  • Foundation Details

    Stone

  • Senior Community YN

    NO

  • Sewer

    Public Sewer

  • Tax Lot

    383

  • Water Source

    Public

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Listing Courtesy of Mark Stape, Compass

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Sharon Lelm

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Step into Wilmington’s storied past with 703 N West St, a historic apartment building on the National Register of Historic Places since 1979, adjacent to its sister property and representing one of the city’s only surviving pair of 18th-century stone houses with side-hall plans. Constructed around 1760 by the Woodward family as part of their ropemaking enterprise vital to the colonial port’s shipbuilding trade, this three-story, stuccoed stone structure with a brick rear ell retains charming Georgian elements like paneled walls, chair rails, original fireplaces, and a mid-19th-century mantel with Minton tiles. Its L-shaped layout and preserved details, including wide floorboards and central staircase, highlight Quaker influences and early industrial life in Delaware, complete with unverified local lore tying its hearthstone to the Declaration of Independence platform in Philadelphia.
This property offers lots of potential for creative redevelopment—whether restoring it as multi-family housing, converting to a single-family residence, or exploring other adaptive uses—while preserving its irreplaceable architectural heritage. Note that it has lost its prior multi-family use over time and would require approval from the zoning board to reinstate apartments or similar configurations. Situated in the heart of Wilmington’s Downtown Development District, this property qualifies for significant incentives to support your vision, including up to 20% rebates on qualified real property investments through Delaware’s Downtown Development Districts Rebate Program. As a National Register-listed site, it’s also eligible for federal historic preservation tax credits (up to 20% for certified rehabilitations) and potential state grants, making it an ideal opportunity for investors or preservation enthusiasts. In rough condition with needs for major renovations, including roof and stucco maintenance, interior updates, and system overhauls, it’s offered as-is, presenting a unique fixer-upper in Quaker Hill surrounded by commercial growth, historic districts, and easy access to downtown. Seize the opportunity to invest in and preserve this architectural gem while benefiting from incentives designed to boost downtown vitality.

703 N WEST STREET

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Prime redevelopment opportunity in a growing Wilmington corridor. This 4,701 square foot commercial building, originally constructed in 1960, offers significant upside for investors and developers seeking a value-add project. The property requires substantial renovation but presents a strong foundation for repositioning. Zoning and layout may support a residential conversion of 10+ units, with the potential for a higher unit count depending on design and approvals (buyer to verify; variance likely required). The site offers flexibility for those looking to explore ways to maximize density and overall value. Ideal for experienced investors looking to capitalize on Wilmington’s rental demand and redevelopment trends. Property is being sold strictly as-is. Bring your vision and unlock the full potential of this sizable asset.
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Exceptional opportunity to acquire a well-located mixed-use property in Wilmington, Delaware, featuring a long-standing, income-producing commercial business and a spacious residential unit above—ideal for investors, owner-operators, or live-work buyers.

The street-level commercial space is home to a well-known, established liquor store brand, named after the original owner of the building and recognized throughout the surrounding area. The business has a documented history of strong performance, generating approximately $400,000–$500,000 in annual gross revenue from 2017–2024, reflecting consistent demand and a loyal customer base.

The liquor license is included with the sale, allowing a new owner to continue operations seamlessly under an established name, or reposition the space while retaining the valuable license.

Above the commercial space is a large 4-bedroom residential unit, offering the flexibility to live above your business, house a manager, or rent the unit separately for additional income—a powerful advantage for offsetting living expenses or maximizing overall returns.

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Mixed-use commercial and residential building

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Well-known local brand named after the building’s original owner

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Last on the main floor is a well equipped  kitchen with tile floors, quartz counters and fresh cabinetry.  Its a beautiful space for all of your culinary pursuits.

Moving upstairs, we find more flexibility in this floorplan. Currently the third bedroom has been reimagined as a sitting room and a kitchenette.  There is an additional bedroom and a full bath on this floor.  The bedroom is large and welcoming and has direct access to the full bath.  As a bonus there is direct access to the rooftop balcony.

The backyard is a private oasis with an outdoor shower and a screened in porch.  The breezy porch even has a koi pond!
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New on site 1 day ago
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