214 Tennessee Ave

This Sunset Park residence is as much an investment as it is a piece of Wilmington character — a flexible, income-producing property sitting on a quiet, tree-lined block minutes from downtown. The listing is currently configured with a primary house plus an attached studio apartment, both occupied on month-to-month leases to provide immediate cash flow and turnkey ownership. Records show 1,427 square feet and a 1940 build that offers classic proportions and a clear path for thoughtful updates.

Inside, the home’s vintage bones present an opportunity for an owner who wants rental income now and value creation later. The main living spaces are practical and straightforward; A/C is present for tenant comfort. The attached studio extends the property’s utility — ideal for a caretaker unit, a steady rental stream, or conversion into additional living space if you prefer owner-occupancy. Tenancy terms are month-to-month, giving future owners flexibility to reposition the property when the time is right.

Sunset Park’s reputation for mature trees, neighborhood pride, and walkable access to local amenities elevates this offering. Greenfield Lake Park & Amphitheater is a short stroll away for kayaking, scenic walks, and seasonal events. Downtown Wilmington’s restaurants, boutiques, and cultural attractions are within easy reach, making this a compelling option for tenants and short- or long-term investors alike.

Priced at $349,900 — which aligns with the automated valuation midpoint — this property appeals to investors seeking immediate rental income, house-hackers who want to offset mortgage costs, and renovators looking to add value in a desirable pocket of the city. Bring your contractor and vision: cosmetic and systems upgrades can drive appreciation while rent covers holding costs. Contact the listing agent to discuss current lease details, rental history, and a private showing tailored to investor buyers or buyers seeking a live-and-rent strategy.