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About the Listing RMHORIZN - 3167740
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 Highlights
Status
Active
Days on Site
31
Property Type
Commercial Sale
MLS ®
DEKT2044538
Year Built
1900
Total Square Footage
7,030
Lot/Acreage
0.17
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: 90% Forced Air
- Fireplaces:
- Floor: Hardwood,Luxury Vinyl Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Rear Yard,Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Parking Spaces: 4
- Lot Dimensions: 0.17 x 0.00
- Zoning: RG0
- Roof:
- Others: Good
- Sewer: Public Sewer
- Parking Features: Private,On Street,Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $4,757
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
Years
% Down Payment
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Questions About..
26 S State St Dover, DE 19901
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