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118 W Division Street Dover, DE $ 599,000
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$ 599,000 Get more info
118 W Division Street
$ 599,000
Back to search
Share Save

118 W Division Street

Dover, DE, 19901
$ 599,000
Bedrooms-- Baths-- Sq 3,432

Monthly Estimate*

$ 3,688

118 W Division Street, Dover, DE 19901 - Image 1
118 W Division Street, Dover, DE 19901 - Image 2

Commercial Property for sale in Dover, DE

for $599,000. This 3,432 square foot building 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.

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Commercial Coming Soon

Price

$ 599,000

Property Type

Commercial

Taxes

$ 2,325

Style

Apartment Building

Lot Size

0.07

Year Built

1900

Town/City

Dover

County/Region

Kent

MLS | Web ID

DEKT2044594
Features
Interior
Heating Fuel Oil
Flooring Fully Carpeted Vinyl
Hot Water Electric
Heating Y/N Y
Central Air Y/N N
Total Restrooms 5
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General
Sewer Public Sewer
Heating Baseboard - Electric
Cooling None
Possession Settlement
Roof Pitched
Zoning C1A
Construction Materials Vinyl Siding
Year Built 1900
Electric Circuit Breakers
Property Subtype Five Or More Units
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Business Type Apartment Building
Building Name NONE AVAILABLE
Accessibility None
County KENT
Insurance Expense 4100.00
New Construction N
Property Type Commercial Sale
Water Access Y/N N
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
Tax Annual Amount 2325.0
Property Condition Good
Price Per Sq Ft Total AG 174.53
Vacation Rental Y/N N
Standard Status Coming Soon
Year Built Source Estimated
Tax Lot 6000-000
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Exterior
Water Source Public
Type of Parking On Street
Foundation Details Crawl Space
Water View Y/N N
Building Area Total 3432.00
Lot Dimensions 44.00 x 69.17
Lot Size Acres 0.07
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 108100.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 118
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* Excluded Features
List By
Re/Max Horizons

Broker

steve@delawarerealestate.com

Email

Affordability Calculator

$3,882
Per Month
95%
5%
0%
Monthly Principal & Interest
$3,688
Monthly Property Taxes
$194
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
2136830 Elementary School
2137124 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
2/19/2026$599,000 Listed Price

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118 W Division Street, Dover, DE, 19901 is a Commercial Property for sale at $599,000 with 3,432 sqft and a lot size of 0.07. 118 W Division Street was built in 1900. The property's zip code is 19901 which is in Dover, DE

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