Back to search
26 S State Street Dover, DE $ 1,200,000
Share Save
$ 1,200,000 Get more info
26 S State Street
$ 1,200,000
Back to search
Share Save

26 S State Street

Dover, DE, 19901
$ 1,200,000
Bedrooms-- Baths-- Sq 4,984

Monthly Estimate*

$ 7,389

26 S State Street, Dover, DE 19901 - Image 1
26 S State Street, Dover, DE 19901 - Image 2
26 S State Street, Dover, DE 19901 - Image 3
26 S State Street, Dover, DE 19901 - Image 4
26 S State Street, Dover, DE 19901 - Image 5
26 S State Street, Dover, DE 19901 - Image 6
26 S State Street, Dover, DE 19901 - Image 7
26 S State Street, Dover, DE 19901 - Image 8
26 S State Street, Dover, DE 19901 - Image 9
26 S State Street, Dover, DE 19901 - Image 10
26 S State Street, Dover, DE 19901 - Image 11
26 S State Street, Dover, DE 19901 - Image 12
26 S State Street, Dover, DE 19901 - Image 13
26 S State Street, Dover, DE 19901 - Image 14
26 S State Street, Dover, DE 19901 - Image 15
26 S State Street, Dover, DE 19901 - Image 16
26 S State Street, Dover, DE 19901 - Image 17
26 S State Street, Dover, DE 19901 - Image 18
26 S State Street, Dover, DE 19901 - Image 19

Commercial Property for sale in Dover, DE

for $1,200,000. This 4,984 square foot building was built in 1900 on a lot size of 0.17.

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.

See more
Commercial Contingent

Price

$ 1,200,000

Property Type

Commercial

Taxes

$ 4,757

Style

Apartment Building

Lot Size

0.17

Year Built

1900

Town/City

Dover

County/Region

Kent

MLS | Web ID

DEKT2044538
Features
Interior
Heating Fuel Natural Gas
Flooring Hardwood Luxury Vinyl Tile
Hot Water Natural Gas
Total Stories 3
Heating Y/N Y
Central Air Y/N N
Total Restrooms 9
Entry Level 1
See more
General
Sewer Public Sewer
Heating 90% Forced Air
Cooling None
Utilities Natural Gas Available
Possession Settlement
Zoning RG0
Security Features Main Entrance Lock
Construction Materials Frame
Year Built 1900
Property Subtype Five Or More Units
Tax Year 2025
Ownership Fee Simple
Cool Fuel None
Gross Income 128400.00
Business Type Apartment Building
Building Name NONE AVAILABLE
Accessibility None
County KENT
Net Operating Income 111282.00
Insurance Expense 3500.00
New Construction N
Property Type Commercial Sale
Possible Use Apartment Building
Water Access Y/N N
Status ACTIVE UNDER CONTRACT
Directions From 13 West Division St. Left on S. State St. Property on right.
City DOVER
Number Of Units Total 9
MLS Area Capital (30802)
Lot Size Units Square Feet
Lot Size Square Feet 7492.00
Tax Annual Amount 4757.0
Property Condition Good
Price Per Sq Ft Total AG 170.7
Historic Y/N N
Vacation Rental Y/N N
Location Type Downtown
Standard Status Active Under Contract
Year Built Source Assessor
Legal Subdivision BRADFORD CITY ADDITION
Tax Lot 2300-000
Total Actual Rent 128400.00
Cap Rate 9.30
Association Recreation Fee N
See more
Exterior
Parking Features Private
Lot Features Rear Yard
Water Source Public
Type of Parking On Street Parking Lot
Foundation Details Block Brick/Mortar
Water View Y/N N
Building Area Total 7030.00
Lot Dimensions 0.17 x 0.00
Lot Size Acres 0.17
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 112700.00
Navigable Water Y/N N
Water Oriented Y/N N
See more
Internal Only
Street Number 1 26
See more
* Excluded Features
List By
Re/Max Horizons

Broker

steve@delawarerealestate.com

Email

Affordability Calculator

$7,785
Per Month
95%
5%
0%
Monthly Principal & Interest
$7,389
Monthly Property Taxes
$396
Monthly Home Insurance
--
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.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/18/2026$1,200,000 Listed Price

Map

More homes like this one

homes for you

See all
See all

26 S State Street, Dover, DE, 19901 is a Commercial Property for sale at $1,200,000 with 4,984 sqft and a lot size of 0.17. 26 S State Street was built in 1900. The property's zip code is 19901 which is in Dover, DE

Get more info