118 W Division Street, Dover, DE 19901
- $564,500
- 3,432
- SqFt
- Sold Price
- $564,500
- List Price
- $599,000
- Closing Date
- Apr 28, 2026
- Days on Market
- 21
- Status
- CLOSED
- MLS#
- DEKT2044364
- Living Area
- 3,432
- Lot Size (Acres)
- 0.07
- Style
- Other
- Year Built
- 1900
- County
- Kent
- School District
- Capital
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.
Additional Information
- Area
- Capital (30802)
- Taxes
- $2325
- School District
- Capital
- Flooring
- Fully Carpeted, Vinyl
- Exterior Features
- Sidewalks, Street Lights
- Heating
- Baseboard - Electric
- Heating Fuel
- Oil
- Cooling
- None
- Roof
- Pitched
- Water
- Public
- Sewer
- Public Sewer
- Basement
- Yes
Mortgage Calculator
Listing courtesy of RE/MAX Horizons. Contact:
Selling Office: .