118 W Division St, Dover, DE 19901

Dover
Local realty services provided by:ERA Reed Realty, Inc.
118 W Division St,Dover, DE 19901
$599,000
  • 5 Beds
  • - Baths
  • 3,432 sq. ft.
  • Multi-family
  • Pending
Listed by: steven b. schmidt
Office: re/max horizons
MLS#:DEKT2044364
Source:BRIGHTMLS

Price summary

  • Price:$599,000
  • Price per sq. ft.:$174.53

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.

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Home facts

  • Year built:1900
  • Listing ID #:DEKT2044364
  • Added:49 day(s) ago
  • Updated:April 08, 2026 at 07:46 AM

Rooms and interior

  • Bedrooms:5
  • Flooring:Fully Carpeted, Vinyl
  • Basement:Yes
  • Basement Description:Dirt Floor
  • Living area:3,432 sq. ft.

Heating and cooling

  • Heating:Baseboard - Electric, Oil

Structure and exterior

  • Roof:Pitched
  • Year built:1900
  • Building area:3,432 sq. ft.
  • Lot area:0.07 Acres
  • Construction Materials:Vinyl Siding
  • Exterior Features:Sidewalks, Street Lights
  • Foundation Description:Crawl Space

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$599,000
  • Price per sq. ft.:$174.53
  • Tax amount:$2,325 (2025)

Parking

  • Parking description:On Street

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