26 S STATE Street Dover, DE 19901
MULTI_FAMILY - Victorian - DOVER, DE
Property size:
7,030 SFLot size:
0.17 AcresPrice / SF:
$170/SF- Added:
- Mar 13, 2026
- Days on Market:
- 49
- Last Refresh:
- Apr 30 at 7:06 pm
Property Features for 26 S STATE Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- On Street, Parking Lot
- Standard status
- Active
- Size
- 7,030 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4757
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1900
- Number of units
- 1
- Building materials
- Frame
- Architectural style
- Victorian
Listing agent Steven B. Schmidt License #RB-0031118 (302) 678-4326
Listing office RE/MAX Horizons 625 S DuPont Highway unit: 103, Dover, DE (302) 678-4300
Listing date Mar 13, 2026
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.
Overview
Turnkey Multifamily Investment Property
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
LashAddict
Hair Salon
Location Insight
- Map
- Local Demand
- City
- Dover
- County
- Kent
- State
- Delaware
- Longitude
- -75.5258179
- Latitude
- 39.1608162
Nearby Similar for Sale
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: Turnkey 9‑unit multifamily investment property.; Stabilized asset producing approximately $11,700 per month in rental income, plus additional income from laundry facilities.; Tenants pay their own gas heat and electric.
