118 W DIVISION St Dover, DE 19901
- Added:
- Apr 24, 2026
- Days on Market:
- 8
- Last Refresh:
- Apr 24 at 4:30 pm
Property Features for 118 W DIVISION St
General Information
- Standard status
- Active
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agent Steven B. Schmidt License #RB-0031118 (302) 678-4326
Listing office REMAX Horizons, Inc (302) 678-4326
Listing date Apr 24, 2026
Source Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of REMAX Horizons, Inc
Overview
Stabilized 5-Unit Investment Opportunity
This is a fully stabilized 5-unit investment opportunity located in Downtown Dover. All units have been recently leased within the past two months, providing immediate and reliable cash flow. Four of the five units have been refreshed or updated, reducing near-term capital needs for a new owner. Rents are supported and currently at allowable maximum levels, offering strong and consistent income performance. Tenants are responsible for their own utilities, which helps to keep operating expenses low. The property is located within the Downtown Dover revitalization area, which features ongoing investment, redevelopment, and long-term growth potential nearby. The property is zoned C-1A, allowing for flexible mixed-use possibilities including office or small commercial applications. This is a turnkey, stabilized rental with strong cap rate potential and minimal vacancy risk. The bike score is 67, indicating it is bikeable. The transit score is 29, indicating some transit is available. The walk score is 0, indicating it is somewhat walkable.
Location Intelligence
Current Use by Public Records
Conscious cleaners Dover ...
General Contractor
Location Insight
- Map
- Local Demand
- City
- Dover
- County
- Kent
- State
- Delaware
- Longitude
- -75.5276827
- Latitude
- 39.1610748
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Downtown Dover investment property with immediate cash flow.
Where is this apartment building located?
The property is located at 118 W DIVISION St Dover, DE.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Fully stabilized 5‑unit property with immediate, reliable cash flow.; Rents at allowable maximum levels, ensuring strong income performance.; **Four of five units recently refreshed/updated, minimizing near‑term capital needs.**
