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    26 S STATE St Dover, DE 19901

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    For Sale
    $1,200,000

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

    Type:Investment
    Added:
    Apr 24, 2026
    Days on Market:
    8
    Last Refresh:
    Apr 24 at 4:30 pm

    Property Features for 26 S STATE St

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1900

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    Listing Contact
    Steven B. Schmidt

    Listing agent Steven B. Schmidt License #RB-0031118

    Listing office REMAX Horizons, Inc

    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

    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, while the owner covers the costs of water, sewer, trash, and central hot water. The property has undergone several recent improvements, including updated windows, interior upgrades, select new kitchens, and newly 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 presents a strong in-place income stream, with potential for additional ancillary revenue and future upside through continued unit improvements and sustained rental demand in the Dover market. It is suitable for investors seeking a stabilized asset with proven cash flow. The property has a bike score of 56, indicating it is bikeable, a walk score of 79, indicating it is very walkable, and a transit score of 42, indicating some transit options are available.
    Location Intelligence

    Current Use by Public Records

    LashAddict Hair Salon

    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
    -75.5258165
    Latitude
    39.1608228

    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 St 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 on‑site laundry; Tenants pay their own gas heat and electric
    More about this property
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