Dover, DE 19901,118 W DIVISION ST
Dover, DE 19901,118 W DIVISION ST
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$ 599,000
Est. payment | /mo

3,432 SqFt


Save
$ 599,000
Est. payment | /mo
Save

3,432 SqFt

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,432 sqft

Price per Sqft $174

Lot Size 3,049 Sqft

MLS Listing ID DEKT2044364

Style Other

Total Units 4

Short Sale No

Originating MLS BRIGHT

Available Date 2026-02-27

Property Description

Fully stabilized 5-unit investment opportunity in the heart of Downtown Dover. All units recently leased within the past two months, providing immediate, reliable cash flow. Four of the five units have been refreshed/updated, reducing near-term capital needs for a new owner.
Rents supported and currently at allowable maximum levels, offering strong and consistent income performance. Tenants pay their own utilities, keeping operating expenses low.
Property is located within the Downtown Dover revitalization area with ongoing investment, redevelopment, and long-term growth potential nearby.
Zoned C-1A, allowing flexible mixed-use possibilities including office, or small commercial applications
Turnkey, stabilized rental with strong cap rate potential and minimal vacancy risk.

Location

State DE

County Kent

Area Capital (30802)

Zoning C1A

Rooms

Basement Dirt Floor

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling None

Flooring Fully Carpeted, Vinyl

Fireplace N

Heat Source Oil

1-purchase type For Sale

Exterior

Waterfront N

Water Access N

Roof Type Pitched

Accessibility None

Parking Type On Street

Building

New Construction N

Foundation Crawl Space

Lot Dimensions 44.00 x 69.17

Sewer Public Sewer

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

Schools

School District Capital

Others

Tax Amount $2,325

Tax Year 2025

Tax ID ED-05-07705-03-6000-000

Ownership Fee Simple

SqFt Source 3432

Special Sale Standard

Bright MLS (BMLS)
Listed by Steven Schmidt • RE/MAX Horizons

Nearby Locations

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