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Asking Price - $1,200,000
Days on Market - 25
26 S State Street
Dover, DE 19901
Featured Agent
EveryHome Realtor
Asking Price
$1,200,000
Days on Market
25
# of Units
1
1 Bdrm Units
9
Acres
0.17
Interior SqFt
7,030
Age
126
Heating
Natural Gas
Cooling
N/A
Water
Public
Sewer
Public
Garages
0
Taxes (2025)
4,757
Additional Details Below
EveryHome Realtor
Views: 20
Featured Agent
EveryHome Realtor
Description
Turnkey 9-unit multifamily investment in Dover, surrounded by historic character and ongoing area revitalization. Stabilized asset producing approximately $11,700 per month (4-1-26) in rental income, plus additional income from on-site central washer and dryer facilities Tenants pay their own gas heat and electric. Owner pays water, sewer, trash, and central hot water. Property has seen numerous recent improvements including updated windows, interior upgrades, select new kitchens, and recently installed flooring in most units. Hallways have been refreshed with new flooring and paint. Capital improvements include a new fire escape and some newer heating systems. Strong in-place income with additional ancillary revenue and continued upside through future unit improvements and long-term rental demand in the Dover market. Ideal for investors seeking a stabilized asset with proven cash flow.
Location
Driving Directions
From 13 West Division St. Left on S. State St. Property on right.
Listing Details
Summary
Architectural Type
•Victorian
Parking
•Private, On Street, Parking Lot
Interior Features
Flooring
•Hardwood, Luxury Vinyl Plank
Utilities
Heating
•90% Forced Air, Natural Gas
Additional Utilities
•Natural Gas Available
Miscellaneous
Lattitude : 39.160816
Longitude : -75.525818
MLS# : DEKT2044590
Views : 20
Listing Courtesy: Steven Schmidt of RE/MAX Horizons
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Notes
Page: © 2026 EveryHome, Realtors, All Rights Reserved.
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, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
Presentation: © 2026 EveryHome, Realtors, All Rights Reserved. EveryHome is licensed by the Delaware Real Estate Commission - License RB-0020479
Real estate listings held by brokerage firms other than EveryHome are marked with the IDX icon and detailed information about each listing includes the name of the listing broker.
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.
Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.
Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. For information on those properties withheld from the internet, please call 215-699-5555
