Under Contract

MLS: #DEKT2044590, Listed By: Steven Schmidt, RE/MAX Horizons, Source:Bright MLS

26 S State Street

DOVER, DE 19901

$1,200,000 $5,059/Mo

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Overview

Bed

Bath

7,030

Sqft

0.17

Acre(Lot)

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 rent al demand in the Dover market. Ideal for investors seeking a stabilized asset with proven cash flow.

Property Details

Property Type : Residential Income

Price : $1,200,000

AD Id : 76108727

MLS Id : DEKT2044590

Beds : 9

Lot Size : 0.17 Acre

Living Area Size : 7,030

Year Built : 1900

County : KENT

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 9

Room Information

Has Basement: Yes Basement: Partial
Flooring Information

Hardwood, Vinyl
Interior Features

Appliances: Gas Water Heater
Heating & Cooling

Has Heating: Yes Heating: Natural Gas, Forced Air Cooling: None

Building Information

Year Built: 1900 Building Area Total: 7030 Construction Materials: Frame Pool Features: None Private Pool: No

Lot Information

Lot Dimensions: 0.17 x 0.00 Lot Size Acres: 0.17 Lot Size Source: Assessor Lot Size Square Feet: 7492 Lot Description: Back Yard

Listing Price Information

Listing Price: $1200000

Tax Information

Parcel Number: ED-05-07705-04-2300-000 Tax Lot: 2300-000 Tax Year: 2025 Annual Tax: $4757

Parking Information

On Street, Private, Parking Lot

Utility Information

Natural Gas Available
Location Information

Direction: From 13 West Division St. Left on S. State St. Property on right. WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
748 S State Street, Dover, DE, 19901	$329,000	3	--	1,200	1,200 SqFt
12 S State Street, Dover, DE, 19901	$475,000	4	--	3,220	3,220 SqFt

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ByOwner last updated this listing 06/06/2026 @ 02:38

MLS: DEKT2044590 LISTED BY: Steven Schmidt, RE/MAX Horizons 302-678-4300 SOURCE: Bright MLS