House for sale 505 N Lincoln, Wilmington, DE 19806

505 N Lincoln, Wilmington, DE 19806 $219,900

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Beds/Baths: 1/1.1
Acreage: 0.04
Age:81 years
Style:
Traditional

MLS#: DENC2086818
Subdivision: Little Italy
Design/Type:
Interior Row/Townhouse

Description

Mixed-Use Opportunity in the Heart of Wilmingtonâ€™s Little Italy. 505 N Lincoln is an excellent opportunity to run your business on the first floor while generating additional income from the second. This C-2 commercially zoned property offers excellent flexibility for a variety of business and professional uses. The first floor provides a versatile commercial space perfect for retail, office, or service-based businesses. Upstairs, the second floor features a well-maintained one-bedroom apartment with an open-concept layout. The kitchen flows into a spacious great room, creating a bright and adaptable living environment. A full bathroom and generous natural light complete the residential unit, which is currently occupied and generating rental income. Whether you're an owner-occupant or investor, this property offers strong potential in a vibrant neighborhood with excellent visibility and proximity to downtown Wilmington, Trolley Square, the hotspots on Union Street and major transportation routes.

Primary Bed:

Taxes: $3,057
Home Assoc: No
Condo Assoc: No

Garage: N
Basement: Y
Pool: No Pool

School Dist: Red Clay Consolidated

Features

Utilities
Other, None, None, Hot Water - Electric, Public Water, Public Sewer, Circuit Breakers

Garage/Parking
On Street

Interior
Unfinished Basement, Vinyl Flooring, Wood Flooring

Exterior
Stone Foundation, Flat 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
The Bayard School	Christina School District	1–8	Wilmington	0.43 mi
Lewis (William C.) Dual Language Elementary School	Red Clay Consolidated School District	K–5	Wilmington	0.72 mi
Johnson (Joseph E. Junior) Elementary School	Red Clay Consolidated School District	K–5	Wilmington	0.88 mi
Douglass School	Christina School District	1–12	Wilmington	0.93 mi
First State School	Red Clay Consolidated School District	1–10	Wilmington	1.16 mi
Warner Elementary School	Red Clay Consolidated School District	3–5	Wilmington	1.35 mi
Shortlidge (Evan G.) Academy	Red Clay Consolidated School District	K–2	Wilmington	1.42 mi
First State Montessori Academy	First State Montessori Academy	K–8	Wilmington	1.42 mi
Kuumba Academy Charter School	Kuumba Academy Charter School	K–8	Wilmington	1.47 mi
Baltz (Austin D.) Elementary School	Red Clay Consolidated School District	K–5	Wilmington	1.55 mi
The Bancroft School	Christina School District	1–9	Wilmington	1.59 mi
Odyssey Charter School	Odyssey Charter School	K–12	Wilmington	1.6 mi
Stubbs Early Education Center	Christina School District	Preschool–K	Wilmington	1.7 mi
Edison (Thomas A.) Charter School	Edison (Thomas A.) Charter School	K–8	Wilmington	2.06 mi
Richardson Park Elementary School	Red Clay Consolidated School District	K–5	Wilmington	2.1 mi
Harlan (David W. ) Elementary School	Brandywine School District	Preschool–5	Wilmington	2.39 mi
East Side Charter School	East Side Charter School	K–8	Wilmington	2.6 mi
Marbrook Elementary School	Red Clay Consolidated School District	K–5	Wilmington	2.9 mi
Richey Elementary School	Red Clay Consolidated School District	K–5	Wilmington	2.94 mi
Lombardy Elementary School	Brandywine School District	K–5	Wilmington	3.08 mi
Mote (Anna P.) Elementary School	Red Clay Consolidated School District	K–5	Wilmington	3.69 mi
Eisenberg (Harry O.) Elementary School	Colonial School District	K–5	New Castle	4.18 mi
Mount Pleasant Elementary School	Brandywine School District	K–5	Wilmington	4.25 mi
The Colwyck Center	Colonial School District	Preschool	New Castle	4.38 mi
Brandywine Springs School	Red Clay Consolidated School District	K–8	Wilmington	4.41 mi
Leach (John G.) School	Colonial School District	Preschool–12	New Castle	4.42 mi
Carrcroft Elementary School	Brandywine School District	K–5	Wilmington	4.54 mi
Wilmington Manor Elementary School	Colonial School District	K–8	New Castle	4.59 mi
Castle Hills Elementary School	Colonial School District	K–5	New Castle	4.73 mi

Public Middle (11 schools)

School	District	Grades	Place	Distance
Douglass School	Christina School District	1–12	Wilmington	0.93 mi
First State School	Red Clay Consolidated School District	1–10	Wilmington	1.16 mi
duPont (Alexis I.) Middle School	Red Clay Consolidated School District	6–8	Greenville	1.39 mi
The Bancroft School	Christina School District	1–9	Wilmington	1.59 mi
Odyssey Charter School	Odyssey Charter School	K–12	Wilmington	1.6 mi
duPont (Pierre S.) Middle School	Brandywine School District	6–8	Wilmington	2.28 mi
Gateway Charter School	Gateway Charter School	3–8	Wilmington	2.89 mi
McCullough (Calvin R. ) Middle School	Colonial School District	6–8	New Castle	3.64 mi
Springer Middle School	Brandywine School District	6–8	Wilmington	4.22 mi
Leach (John G.) School	Colonial School District	Preschool–12	New Castle	4.42 mi
Stanton Middle School	Red Clay Consolidated School District	6–8	Wilmington	4.9 mi

Public High (16 schools)

School	District	Grades	Place	Distance
Charter School of Wilmington	Charter School of Wilmington	9–12	Wilmington	0.9 mi
Calloway (Cab) School of the Arts	Red Clay Consolidated School District	6–12	Wilmington	0.9 mi
Douglass School	Christina School District	1–12	Wilmington	0.93 mi
First State School	Red Clay Consolidated School District	1–10	Wilmington	1.16 mi
Freire Charter School	Freire Charter School Wilmington	8–12	Wilmington	1.32 mi
Great Oaks Charter School	Great Oaks Charter School	8–12	Wilmington	1.47 mi
The Bancroft School	Christina School District	1–9	Wilmington	1.59 mi
Odyssey Charter School	Odyssey Charter School	K–12	Wilmington	1.6 mi
Howard High School of Technology	New Castle County Vocational-Technical School District	9–12	Wilmington	1.65 mi
Delaware Military Academy	Delaware Military Academy	9–12	Wilmington	2.08 mi
Conrad Schools of Science	Red Clay Consolidated School District	6–12	Wilmington	2.46 mi
duPont (Alexis I.) High School	Red Clay Consolidated School District	9–12	Wilmington	2.48 mi
Delcastle Technical High School	New Castle County Vocational-Technical School District	9–12	Wilmington	3.38 mi
Mount Pleasant High School	Brandywine School District	9–12	Wilmington	3.87 mi
Brandywine High School	Brandywine School District	9–12	Wilmington	4.38 mi
Leach (John G.) School	Colonial School District	Preschool–12	New Castle	4.42 mi

Private (32 schools)

School		Grades	Place	Distance
St Anthony Of Padua Grade School	Roman Catholic	Preschool–8	Wilmington	0.32 mi
Padua Academy	Roman Catholic	9–12	Wilmington	0.46 mi
Nativity Preparatory School Of Wilmington	Roman Catholic	5–8	Wilmington	0.47 mi
Ursuline Academy Lower	Roman Catholic	K–5	Wilmington	0.71 mi
St Elizabeth School	Roman Catholic	Preschool–12	Wilmington	0.82 mi
St Ann School	Roman Catholic	Preschool–8	Wilmington	0.95 mi
St Peter Cathedral School	Roman Catholic	Preschool–8	Wilmington	1.08 mi
Serviam Girls Academy	Roman Catholic	5–8	Wilmington	1.08 mi
Tower Hill School	Nonsectarian	Preschool–12	Wilmington	1.09 mi
Urban Promise Academy	Nonsectarian	7–11	Wilmington	1.29 mi
Augustine Hills School	Nonsectarian	4–11	Wilmington	1.37 mi
St Michaels School & Nursery Inc	Nonsectarian	Preschool–K	Wilmington	1.44 mi
High Road School Of Delaware	Nonsectarian	3–12	Wilmington	1.47 mi
Salesianum School	Roman Catholic	9–12	Wilmington	1.52 mi
Sharon Temple Adventist School	Seventh-Day Adventist	K–8	Wilmington	1.52 mi
All Saints Catholic School	Roman Catholic	Preschool–8	Wilmington	1.53 mi
Darul Amaanah Academy	Islamic	K–8	Wilmington	1.54 mi
Wilmington Friends School	Friends	Preschool–12	Wilmington	1.72 mi
Urban Promise School	Other	Preschool–6	Wilmington	2.18 mi
Astra Zeneca Child Development Center	Nonsectarian	Preschool–K	Wilmington	2.23 mi
The Tatnall School	Nonsectarian	Preschool–12	Wilmington	2.64 mi
Maranatha Christian Academy	Brethren	K–6	Wilmington	2.68 mi
Program For Rigor And Innovation In Education	Nonsectarian	6–8	Wilmington	2.98 mi
Montessori Learning Centre	Nonsectarian	Preschool–K	Wilmington	3.27 mi
St Mary Magdalen School	Roman Catholic	Preschool–8	Wilmington	3.3 mi
Concord Preschool And Childcare	Presbyterian	Preschool–K	Wilmington	3.4 mi
Immaculate Heart Of Mary	Roman Catholic	Preschool–8	Wilmington	3.58 mi
Brandywine Valley Christian Presch	Baptist	Preschool–K	Wilmington	4.04 mi
Faith Preschool & Child Care	Presbyterian	Preschool–K	Wilmington	4.1 mi
Albert Einstein Academy	Jewish	K–5	Wilmington	4.32 mi
St John The Beloved School	Roman Catholic	Preschool–8	Wilmington	4.73 mi
The Pilot School	Nonsectarian	Ungraded	Wilmington	4.85 mi

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

Contact Information

Schedule an Appointment to See this Home
Request more information
or call me now at 302-733-7071

Listing Courtesy of: Pantano Real Estate Inc , (302) 888-0300, paul@pantanorealestate.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 9/23/2025.

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Market Trends

Wilmington, DE
Homes for Sale: 477
Average List Price:
$405,326
Sold Last 90 Days: 788
Median Sold Price:
$330,000

Estimated Payment

Monthly @6.38%
$1,098.09
30 year fixed
20% down

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Patterson-Schwartz Real Estate