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Five-Unit Apartment Building
For Sale
Contact for pricing
Pending

415 W Division St, Dover, DE 19904

Five one-bedroom apartments feature independent electric heat and hot water systems.

Property SizeContact for details
Days on Market143

Property Features for 415 W Division St

General Information

Standard status Pending
Property subtype Industrial

Property Condition

Severity Major Repairs Needed
Evidence The 3 middle apartments have been gutted

Units

Unit Mix 5 x 1BR
Multifamily Units 5

Additional Details

Utilities to Site Yes

Building Details

Buildings 1
Listing Agency: Century 21 Gold Key Realty Newark
Listed By: Octavia Samuels · License #DE
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 10:22PM

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 Century 21 Gold Key Realty Newark

Investment Insights

Based on property information with market context.

This downtown Dover apartment property contains five one-bedroom units, each served by its own electric heating and hot water systems. The three centrally located apartments have been gutted, creating flexibility for a buyer considering a revised interior arrangement and potential conversion to a four-unit dwelling through rezoning.

Recent exterior work includes installation of a new roof, siding, and gutters. The property is near Dover attractions, educational facilities, Dover Air Force Base, medical complexes, and recreational venues, placing multiple community destinations within the surrounding area.

Key Highlights

  • Five one‑bedroom apartments
  • Independent electric heat and hot water serving each unit
  • Three middle apartments have been gutted

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Pet Grooming Service (Bike/Boat/Book/etc) Store Catering Service Veterinary Clinic Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

2,849
Businesses Nearby

Demographics for 19904, DE

36,880
Population
16,047
Households
2.3
Avg Household Size
38
Median Age
27%
College-Educated
91%
High-School Grad
43.2 sq mi
ZIP Area
854
Density / Sq Mi
$66,885
Median Household Income
$39,459
Median Earnings
$1,240
Median Rent
$281,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Five one-bedroom apartments feature independent electric heat and hot water systems.
Where is this apartment building located?
The property is located at 415 W Division St Dover, DE.
What are key features of this property?
This property features: Five one‑bedroom apartments; Independent electric heat and hot water serving each unit; Three middle apartments have been gutted
More about this property
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