$1,200,000

26 S STATE ST, Dover, DE 19901

  • 7,030 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon7,405sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $171/sqft
  • Property List Date Icon Listed 2 months ago

Property 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.

Listing Status:
Active
Date Added:
March 13, 2026
Data Last Updated:
May 20, 2026 at 3:21PM
Listing Office:
RE/MAX Horizons : 3026784300
Listing Agent:
Steven B. Schmidt : 3026784326
MLS ID:
DEKT2044590
  • Basement: Partial
  • Flooring: HardwoodLuxury vinyl plank
  • A/C: None
  • Heating: 90% Forced AirNatural Gas
  • Disability Feature: None
  • General: Above GradeBelow Grade
  • Style: Victorian
  • Parking: Private
  • General: Frame
  • Originating MLS: BRIGHT_MAIN
  • School District: CAPITAL
  • County: KENT-DE
  • Zoning: RG0ED-05-07705-04-2300-000
  • Utilities: Natural gas available
  • Water: Public
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN

This listing courtesy of Steven B. Schmidt , RE/MAX Horizons

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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