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26 S State Street

DOVER, DE 19901
  • $1,200,000
  • STATUS: Active Under Contract
  • ON SITE: 110 Days
  • ID#: DEKT2044538
Under Contract
UPDATED: 45 min ago
$1,200,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1900
County:

School Ratings & Info

School District:

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.

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©2026 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Charles Graef Home Selling Team | REMAX Associates. 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. Data last updated: 2026-06-09T21:56:02.687.
www.searchalldelawarerealestate.com/homes/173150880
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26 S State Street DOVER, DE 19901

  • Price: $1,200,000
  • Status: Active Under Contract
  • On Site: 110 Days
  • Updated: 45 min ago
  • ID#: DEKT2044538
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1900
Built
Neighborhood:
Capital (30802)
County:
Kent
Area:
Capital (30802)
School District:
Capital
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.
Exterior Features

Construction Materials Frame Garage YN No Location Type Downtown Lot Features Rear Yard Parking Features Private Parking Types On StreetParking Lot Property Condition Good Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 7030.00 Cooling None Flooring HardwoodLuxury Vinyl Tile Heating 90% Forced Air Heating YN Yes Net Square Feet 4984.00 Security Features Main Entrance Lock

Property Features

Accessibility Features None Central Air YN No Cooling Fuel None Cross Street Division Entry Level 1 Foundation Details BlockBrick/Mortar Gross Income 128400.00 Heating Fuel Natural Gas Historic YN No Hot Water Natural Gas Insurance Expense 3500.00 Navigable Water YN N Net Operating Income 111282.00 New Construction YN No Number Of Units Total 9 Original MLSNumber 804541120104 Owner Pays Lawn/Shrub CareSewerTrash CollectionWater Ownership Interest Fee Simple Property Sub Type Five Or More Units Sale Type Standard Sewer Public Sewer Tax Annual Amount 4757.00 Tax Lot 2300-000 Total Actual Rent 128400.00 Utilities Natural Gas Available Vacation Rental YN No Water Source Public Zoning RG0

Listing courtesy of RE/MAX Horizons: .


©2026 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use 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 may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Charles Graef Home Selling Team | REMAX Associates. 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. Data last updated: 2026-06-09T21:56:02.687.
 
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The Charles Graef Home Selling Team | REMAX Associates
668 Yorklyn Road
Hockessin DE, 19707