Patterson-Schwartz Real Estate138 Lower Oak Street, Wilmington, DE 19805-4851 $60,000
Interior Sq. Ft: 1,150
Acreage: 0.02
Age:125 years
Style:
Colonial
Subdivision: Browntown
Design/Type:
End of Row/Townhouse
Description
Investor Alert! Here’s your chance to get great value on a fix-and-flip or fix-and-hold rental property in the city, located in the popular Browntown community of Wilmington, Delaware. In the last year alone, similar homes within 0.25 miles have sold for between $83,000 and $261,000. Priced at 43 percent of the New Castle county assessed value it could be a great ROI. In this area within a half a mile renter averaging about $1.32 a square foot. Contact the listing agent for full details. This oversized end-unit home offers a solid block and stucco exterior, a fenced yard, and plenty of on-street parking — checking the boxes for value-minded investors. The corner-style entrance opens to a spacious living room with windows on both sides, filling the space with natural light. This room is large enough to divide into separate living and dining areas. Toward the back, the eat-in kitchen offers generous space. You can clean up what's there or start fresh — your choice. Beyond the kitchen is a combined mudroom and laundry area, as well as the first FULL bathroom on the main floor with a stand-up shower. Upstairs, you'll find three bedrooms, including a very roomy front bedroom with double closets. A second FULL bathroom is also located on this level, along with two additional bedrooms with great light. Out back, there's a private back yard with a chain-link fence and rear alley access — a convenient perk of the corner lot. The basement houses the oil burner, water heater, and main electric panel, and offers additional space for storage or projects. A Bilco door provides walk-out access to the sidewalk for convenience. The roof is believed to be under 10 years old, but the condition of systems and appliances is unknown. The property needs a full renovation and is being sold STRICTLY AS_IS. Agents and their buyers: please use caution during showings, as the home is cluttered and may have signs of prior critter activity. Buyer is responsible for clean-out, and inspections will be for informational purposes only with no termination rights. This is a fantastic opportunity in a sought-after location with easy access to downtown Wilmington, the Riverfront, and major highways — a smart addition to any investor’s portfolio.
Bedroom 1: Upper 1
Bedroom 2: Upper 1
Bedroom 3: Upper 1
Living Room: Main
Laundry: Main
Bathroom 1: Main
Basement: Lower 1
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Mid. School: Bayard High School: Glasgow
Features
Utilities
Forced Air Heating, Natural Gas, Window Unit(s) Cooling, Electric, Hot Water - Natural Gas, Public Water, Public Sewer, 120/240V, Fuses, Has Laundry, Cable TV Available, Electric Available, Phone Available, Sewer Available, Water Available
Garage/Parking
On Street
Interior
Breakfast Area, Combination Dining/Living, Dining Area, Full Basement, Interior Access Basement, Unfinished Basement, Basement Walkout Stairs, Basement Workshop, Wood Flooring, Plaster Walls
Exterior
Brick/Mortar Foundation, Stone Foundation, Flat Roof, Brick Exterior, Masonry, Stucco Exterior, Sidewalks
Lot
Level Lot, Rear Yard, Downtown, City View
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 (33 schools)
Public Middle (11 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Douglass School | Christina School District | 1–12 | Wilmington | 0.78 mi |
| The Bancroft School | Christina School District | 1–9 | Wilmington | 1.23 mi |
| First State School | Red Clay Consolidated School District | 1–10 | Wilmington | 1.39 mi |
| Odyssey Charter School | Odyssey Charter School | K–12 | Wilmington | 2.38 mi |
| duPont (Alexis I.) Middle School | Red Clay Consolidated School District | 6–8 | Greenville | 2.39 mi |
| McCullough (Calvin R. ) Middle School | Colonial School District | 6–8 | New Castle | 2.64 mi |
| duPont (Pierre S.) Middle School | Brandywine School District | 6–8 | Wilmington | 2.65 mi |
| Gateway Charter School | Gateway Charter School | 3–8 | Wilmington | 3.31 mi |
| Leach (John G.) School | Colonial School District | Preschool–12 | New Castle | 3.42 mi |
| Read (George) Middle School | Colonial School District | 6–8 | New Castle | 4.19 mi |
| Stanton Middle School | Red Clay Consolidated School District | 6–8 | Wilmington | 4.76 mi |
Public High (16 schools)
Private (33 schools)
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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
© 2025 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-285-0977
Listing Courtesy of: Keller Williams Realty Wilmington , (302) 299-1100
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 9/25/2025.
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.
