26 S State St, Dover, DE 19901

Dover
Local realty services provided by:ERA Reed Realty, Inc.
26 S State St,Dover, DE 19901
$1,200,000
  • 9 Beds
  • - Baths
  • 7,030 sq. ft.
  • Multi-family
  • Active
Listed by: steven b. schmidt, barbara t schmidt
Office: re/max horizons
MLS#:DEKT2044590
Source:BRIGHTMLS

Price summary

  • Price:$1,200,000
  • Price per sq. ft.:$170.7

About this home

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.

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Home facts

  • Year built:1900
  • Listing ID #:DEKT2044590
  • Added:90 day(s) ago
  • Updated:May 21, 2026 at 01:41 PM

Rooms and interior

  • Bedrooms:9
  • Flooring:Hardwood, Luxury Vinyl Plank
  • Basement:Yes
  • Basement Description:Partial
  • Living area:7,030 sq. ft.

Heating and cooling

  • Heating:90% Forced Air, Natural Gas

Structure and exterior

  • Year built:1900
  • Building area:7,030 sq. ft.
  • Lot area:0.17 Acres
  • Lot Features:Downtown, Rear Yard
  • Architectural Style:Victorian
  • Construction Materials:Frame

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,200,000
  • Price per sq. ft.:$170.7
  • Tax amount:$4,757 (2025)

Features and amenities

  • Amenities:Main Entrance Lock, Natural Gas Available

Parking

  • Parking description:On Street, Parking Lot, Private

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