1131 S Broom Street, Wilmington, DE 19805 $549,900
Interior Sq. Ft: 4,650
Acreage: 0.21
Age:86 years
Taxes: $2,806
Subdivision: Cleland Heights
Design/Type:
Detached
Description
Discover a rare and high-yield investment opportunity with this versatile multi-structure property situated on a single parcel in Wilmington’s Cleland Heights. This unique setup features two distinct buildings, offering a great mix of four move-in ready renovations and significant value-add potential. The first structure is a two-story building housing two fully updated upper-level apartments and a large driveway offering plenty of off-street parking. These two-bedroom units feature top-to-bottom improvements, including durable LVP flooring, modern grey cabinetry, and bright white bathrooms, all supported by new 2023 HVAC systems and private in-unit laundry. Below them, a large lower-level space with existing bath presents a prime opportunity to build out a fifth unit (3-bed), a professional office, or functional garage bays. The second structure is a classic Cape Cod divided into a spacious two-bedroom unit on the main level and a three-bedroom unit on the 2nd floor. The upper unit features a private mudroom entrance, original solid hardwoods, and a kitchen with dark cabinetry, while the large lower unit has a fully renovated kitchen and an updated bathroom with marble tile surrounds. This unit can function as a 3-bed if desired by the tenants. Both Cape Cod units include their own laundry and fresh paint throughout. Further adding to the value, the Cape Cod building includes a full basement with separate gas boilers and separately metered electric, offering excellent storage or the potential for a sixth unit conversion. Whether you are looking for a solid house-hacking setup or a high-performing addition to your rental portfolio, this property delivers updated finishes and plenty of room to grow your equity in one package.
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Features
Utilities
Forced Air Heating, Natural Gas, Central A/C, Electric, Hot Water - Natural Gas, Public Water, Public Sewer, Circuit Breakers
Garage/Parking
Attached Garage, Driveway, On Street, Garage - Front Entry, Attached Garage Spaces #: 2;
Interior
Full Basement, Outside Entrance Basement, Hardwood Flooring, Luxury Vinyl Plank Flooring, Dry Wall
Exterior
Brick/Mortar Foundation, Pitched Roof, Shingle 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 (32 schools)
Public Middle (11 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Douglass School | Christina School District | 1–12 | Wilmington | 0.41 mi |
| The Bancroft School | Christina School District | 1–9 | Wilmington | 1.62 mi |
| First State School | Red Clay Consolidated School District | 1–10 | Wilmington | 1.68 mi |
| Odyssey Charter School | Odyssey Charter School | K–12 | Wilmington | 2.13 mi |
| duPont (Alexis I.) Middle School | Red Clay Consolidated School District | 6–8 | Greenville | 2.28 mi |
| McCullough (Calvin R. ) Middle School | Colonial School District | 6–8 | New Castle | 2.71 mi |
| Gateway Charter School | Gateway Charter School | 3–8 | Wilmington | 2.94 mi |
| duPont (Pierre S.) Middle School | Brandywine School District | 6–8 | Wilmington | 2.94 mi |
| Leach (John G.) School | Colonial School District | Preschool–12 | New Castle | 3.48 mi |
| Read (George) Middle School | Colonial School District | 6–8 | New Castle | 4.09 mi |
| Stanton Middle School | Red Clay Consolidated School District | 6–8 | Wilmington | 4.38 mi |
Public High (16 schools)
Private (33 schools)
© 2026 LiveBy. All Rights Reserved.
This report is a detailed community overview for Wilmington (19805), Delaware.
Community Quick Facts
- Average travel time to work for people in this community: 22
- Average salary of people in this community: $40,573
Community Summary
- Population Density (ppl / mile): 7,227
- Household Size (ppl): 2.55
- Households w/ Children: 67%
Housing Inventory
- Owned: 7,776 (44.8%)
- Rented: 7,080 (40.8%)
- Vacant: 2,486 (14.3%)
- Total: 17,342
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.
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: 7.0%
- Some High School: 8.9%
- High School Graduate: 41.2%
- Some College: 15.5%
- Associate Degree: 5.8%
- Bachelor's Degree: 13.7%
- Graduate Degree: 8.0%
Income by dollar range
Median Income: $47,885
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: $800
- One Bedroom: $855
- Two Bedroom: $1,029
- Three Bedroom: $1,219
- Four Bedroom: $1,426
© 2026 LiveBy. All Rights Reserved.
Contact Information
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or call me now at 302-285-0973
Listing Courtesy of: Coldwell Banker Realty , (302) 234-1888
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Information Deemed Reliable But Not Guaranteed.
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Listing data as of 1/11/2026.
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.


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