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About This Home
This 0-bedroom, 0-bathroom residential multi family at 26 S STATE Street in DOVER, DE is listed for $1,200,000 ($171 per sqft). Built in 1900, the home offers 7,030 sqft of living space on a 0.17 acres lot.
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.
Key Features
- Built in 1900
- 0.17 acre lot
Property Details
Monthly Cost Estimate
$6,418/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
26 S STATE Street
DOVER, DE 19901
Property Details
Construction
Parking
Heating
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 26 S STATE Street is listed at $1,200,000 ($171/sqft). The estimated monthly payment is $5,200 based on 20% down at 6.5% interest.
Key features include: Built in 1900, 0.17 acre lot.
This property is listed by Steven B. Schmidt and can be reached at 3026784326 or steve@delawarerealestate.com.
