118 W Division Street Dover, DE ^$ 599,000

118 W Division Street

^$ 599,000

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118 W Division Street

Dover, DE, 19901

^$ 599,000

Bedrooms5 Baths0.0

Monthly Estimate*

^$ 3,688

118 W Division Street, Dover, DE 19901 - Image 1

118 W Division Street, Dover, DE 19901 - Image 2

Multi-Family Home for sale in Dover, DE

for $599,000 with 5 bedrooms. This home was built in 1900 on a lot size of 0.07.

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.

Multi-Family Coming Soon

Price

^$ 599,000

Bedrooms

Property Type

Multi-Family

Taxes

^$ 2,325

Style

Lot Size

0.07

Year Built

1900

Town/City

Dover

County/Region

Kent

MLS | Web ID

DEKT2044364

Features

General

Living Area 3432

Sewer Public Sewer

Heating Baseboard - Electric

Cooling None

Possession Settlement

Roof Pitched

Zoning C1A

Architectural Style Other

Construction Materials Vinyl Siding

School District CAPITAL

Year Built 1900

Electric Circuit Breakers

Property Subtype Other

Tax Year 2025

Ownership Fee Simple

Cool Fuel Electric

Accessibility None

County KENT

Insurance Expense 4100.00

New Construction N

Property Type Multi-Family

Garage Y/N N

Water Access Y/N N

Other Structures Above Grade Below Grade

Status COMING SOON

Directions N. Dupont Hwy to W. Division St. Property on left.

City DOVER

Number Of Units Total 4

MLS Area Capital (30802)

Lot Size Units Square Feet

Lot Size Square Feet 3049.00

Number of Units Leased 5

Tax Annual Amount 2325.0

Property Condition Good

Two Bedroom 0

Structure Type Detached

Price Per Sq Ft Total AG 174.53

Rent Control Y/N N

Vacation Rental Y/N N

Standard Status Coming Soon

Year Built Source Assessor

Legal Subdivision BRADFORD CITY ADDITION

Tax Lot 6000-000

Total Actual Rent 78000.00

Interior

Heating Fuel Oil

Basement Dirt Floor

Flooring Fully Carpeted Vinyl

Hot Water Electric

Basement (Y/N) Y

Heating Y/N Y

Fireplace Y/N N

Central Air Y/N N

Exterior

Exterior Amenities Sidewalks Street Lights

Pool No Pool

Water Source Public

Type of Parking On Street

Foundation Details Crawl Space

Water View Y/N N

Lot Dimensions 44.00 x 69.17

Lot Size Acres 0.07

Lot Size Source Assessor

Waterfront Y/N N

Land Assessed Value 108100.00

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 118

* Excluded Features

List By

Re/Max Horizons

Broker

steve@delawarerealestate.com

Affordability Calculator

$3,882

Per Month

Monthly Principal & Interest: $3,688
Monthly Property Taxes: $194
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Dover, DE

Average List Price ^$614,633

Percent of Sale Price 3%

About Dover, DE

37,976 Population

15% Since 2002

^$48,831 Median Income

33.68 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

3534261 Elementary School

3535339 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/17/2026	$599,000		Listed Price

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118 W Division Street, Dover, DE, 19901 is a Multi-Family Home for sale at $599,000 with a lot size of 0.07. 118 W Division Street has 5 bedrooms, 0.0 baths, and was built in 1900. The property's zip code is 19901 which is in Dover, DE

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

Real estate listings held by brokerage firms other than Weichert, Realtors® are marked with the Broker Reciprocity icon (a little black house) and detailed information about each listing includes the name of the listing broker.

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118 W Division Street

Multi-Family Home for sale in Dover, DE

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