26 S STATE Street, Dover, DE 19901

Building Details

Year built

1900

Number of units

1

Building materials

Frame

Architectural style

Victorian

Listing agent Steven B. Schmidt License #RB-0031118 Show Phone

Listing office RE/MAX Horizons e***@remax.net 625 S DuPont Highway unit: 103, Dover, DE Show Phone

Listing date Mar 13, 2026

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MLS# DEKT2044590 Listing URL

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This is a turnkey nine-unit multifamily investment property located in Dover. The property is situated in an area characterized by historic charm and ongoing revitalization. As of April 1, 2026, the stabilized asset generates approximately $11,700 per month in rental income, with additional revenue from on-site central washer and dryer facilities. Tenants are responsible for their individual gas heat and electric expenses. The owner covers the costs of water, sewer, trash, and central hot water. The property has undergone 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. The property, with a size of 7030 square feet and a lot size of 0.172 acres, presents a strong in-place income stream with potential for additional ancillary revenue. Further upside exists through future unit improvements and sustained long-term rental demand in the Dover market. This property is suitable for investors seeking a stabilized asset with proven cash flow.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Dover

County

Kent

State

Delaware

Longitude

-75.5258179

Latitude

39.1608162

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FAQs

What type of property is this?

Apartment building - Nine-unit multifamily property in Dover with strong in-place income.

Where is this apartment building located?

The property is located at 26 S STATE Street Dover, DE.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: 9‑unit multifamily property producing approximately $11,700/month rental income as of 4‑1‑26; Tenants pay their own gas heat and electric; owner pays water, sewer, trash, and central hot water; On‑site central washer and dryer facilities provide additional income