26 S STATE ST Dover, DE 19901 Under Contract

UPDATED: 05/26/2026 02:15 PM ON MARKET: 93 days on market

$1,200,000

7,492 Sqft Lot

Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID DEKT2044538

Year Built 1900

Available Date 2026-03-13

Annual Tax Amount $4,757

Tax Year 2025

Lot Size 7,492 Sqft

Acres 0.17

Lot Dimensions 0.17 x 0.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

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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