118 W Division St, Dover, DE 19901

Local realty services provided by:ERA Byrne Realty
118 W Division St,Dover, DE 19901
$599,000
  • 5 Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Coming Soon
Listed by: steven b. schmidt
Office: re/max horizons
MLS#:DEKT2044364
Source:BRIGHTMLS

Price summary

  • Price:$599,000

About this home

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.

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1900
  • Listing ID #:DEKT2044364
  • Added:4 day(s) ago
  • Updated:February 22, 2026 at 02:31 PM

Rooms and interior

  • Bedrooms:5

Heating and cooling

  • Heating:Baseboard - Electric, Oil

Structure and exterior

  • Roof:Pitched
  • Year built:1900

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$599,000
  • Tax amount:$2,325 (2025)

New listings near 118 W Division St