Description
Welcome to **21 west 7th street**, a rare investment opportunity situated in one of media’s most coveted residential areas, this four-unit quadruplex offers a unique investment opportunity. with walkable access to everything media has to offer—boutique shopping, award-winning restaurants, and public transportation—this property delivers both charm and long-term value.
units b and d (right side of building top and bottom) are currently available for showings. unit b (lower level)has been fully renovated with high-end finishes, including recessed lighting, modern flooring, granite countertops, shaker-style cabinets, and a beautifully tiled bathroom. the owner spared no expense, creating one of the most attractive rental units in all of downtown media. unit d(upper level), reflects the same layout and aesthetic as units a and c.
over the past year, the owners have invested in updating the common areas and replacing windows throughout the building. all utilities are separated—electric, water, heating, and hot water—giving tenants full responsibility for their own usage and keeping ownership expenses low. each unit is equipped with individual washer and dryer hookups; tenants supply their own machines to further minimize maintenance costs. there's also a basement with additional storage space that has not yet been utilized—presenting a clear opportunity for added revenue.
the rear lot, while currently used as a casual gathering space for tenants, holds untapped potential. whether used for parking or future development, its intrinsic value offers flexibility for the next owner. rents are outlined in the attached pro forma, and there is room for upward adjustment, making this a strong value-add investment.
**as an added bonus, the listing agent is also the current property manager and is offering two months of complimentary management services to the new owner. this ensures a smooth transition and expert support from day one.**
Property Type
Multi-FamilyCounty
DELAWAREStyle
ColonialAD ID
49197977
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
Interior Features
- Carpet,Combination Dining/Living,Floor Plan - Open,Recessed Lighting
- Roof : Architectural Shingle
- Basement Description: Full,Walkout Stairs
- Property Appliances: Refrigerator,Stove,Water Heater
Roofing Information
- Architectural Shingle
Heating & Cooling
- Cooling: None
- Heating: Hot Water
- Cooling Fuel: None
- Heating Fuel: Natural Gas
-
Exterior Features
Building Information
- Year Built: 1950
- Structure: Detached
- Major Appliances: Refrigerator,Stove,Water Heater
- New Construction: No
- Total Units: 4
- Built: 1950
- Construction Material: Brick
- Roof: Architectural Shingle
- Foundation/Basement: Block
- Architecture: Colonial
- Pool/Private: No Pool
- Roof Type: Architectural Shingle
Pool Information
- Pool: No Pool
Utility Features
- Sewer: Public Sewer
Water
- Water Heat: Natural Gas
-
Property / Lot Details
Lot Information
- Lot Size: 7,405
- Dimensions: 60.00 x 120.00
- Lot Size (Acres): 0.17
- Architectural Style: Colonial
- Stories Total: 2
- Main Square Feet: 7,405
Property Information
- SQ ft: 2,812
- SQ ft (Living Area): 2,812
- Total Lot SQ ft: 7,405
- Financing: Cash,Conventional
- Appx. Lot Dimensions: 60.00 x 120.00
- Total Acreage: 0.17
- New Construction: No
- Type: Colonial
-
Listing Information
Listing Information
- Possession: Immediate
- Days Of Market: 6
-
Taxes / Assessments
Tax Information
- Annual Tax: $8,159
- Tax Year: 2024
- Total Taxes Payment Frequency: Annually
Possession
- Immediate
Assessment Information
- Taxes Assessment Amount: $378,350
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Parking Information
- Parking Features: Asphalt Driveway
- Parking Type: Off Street,On Street
Multi-Unit Information
- Acceptable Financing: Cash,Conventional
- Roof: Architectural Shingle
Homeowners Association Information
- Direction: .
-
School, Utilities & Location Details
School Information
- School District: ROSE TREE MEDIA
Utility Information
- Water Source: Public
- Sewer: Public Sewer
- Cooling Fuel: None
- Heating Fuel: Natural Gas
- Hot Water: Natural Gas
Location Information
- Location Type: Suburban
- Direction: .
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BuyOwner last updated this listing 04/10/2025 @ 00:56
- MLS: PADE2087400
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: BRIGHT MLS
is a Other, with 0 bedrooms which is recently sold, it has 2,812 sqft, 7,405 sized lot, and 0 parking. are nearby neighborhoods.