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26 S State Street Dover, DE $ 1,200,000
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$ 1,200,000 Get more info
26 S State Street
$ 1,200,000
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26 S State Street

Dover, DE, 19901
$ 1,200,000
Bedrooms9 Baths0.0

Monthly Estimate*

$ 7,389

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Multi-Family Home for sale in Dover, DE

for $1,200,000 with 9 bedrooms. This home 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.

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Multi-Family Contingent

Price

$ 1,200,000

Bedrooms

9

Property Type

Multi-Family

Taxes

$ 4,757

Style

Victorian

Lot Size

0.17

Year Built

1900

Town/City

Dover

County/Region

Kent

MLS | Web ID

DEKT2044590
Features
General
Living Area 7030
Sewer Public Sewer
Heating 90% Forced Air
Cooling None
Utilities Natural Gas Available
Possession Settlement
Zoning RG0
Architectural Style Victorian
Security Features Main Entrance Lock
Construction Materials Frame
School District CAPITAL
Year Built 1900
Property Subtype Other
Tax Year 2025
Ownership Fee Simple
Cool Fuel None
Gross Income 128400.00
Accessibility None
County KENT
Net Operating Income 111282.00
Operating Expense 6000.00
Insurance Expense 3500.00
New Construction N
Property Type Multi-Family
Garage Y/N N
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE UNDER CONTRACT
Directions From 13 West Division St. Left on S. State St. Property on right.
City DOVER
Number Of Units Total 1
MLS Area Capital (30802)
Lot Size Units Square Feet
Lot Size Square Feet 7492.00
Number of Units Leased 9
Tax Annual Amount 4757.0
Property Condition Good
Two Bedroom 0
Structure Type Other
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
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Interior
Heating Fuel Natural Gas
Basement Partial
Flooring Hardwood Luxury Vinyl Plank
Hot Water Natural Gas
Furnished Units None
Basement (Y/N) Y
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N N
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Exterior
Pool No Pool
Parking Features Private
Lot Features Rear Yard
Water Source Public
Type of Parking On Street Parking Lot
Water View Y/N N
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
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Internal Only
Street Number 1 26
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* 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.
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Nearby
3534261 Elementary School
3535339 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/19/2026$1,200,000 Listed Price

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26 S State Street, Dover, DE, 19901 is a Multi-Family Home for sale at $1,200,000 with a lot size of 0.17. 26 S State Street has 9 bedrooms, 0.0 baths, and was built in 1900. The property's zip code is 19901 which is in Dover, DE

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