Estimated payment $3,271/month
Highlights
- Cooling Available
- Wall to Wall Carpet
- 3-minute walk to Constitution Park
- Electric Baseboard Heater
About This Home
Fully stabilized 5-unit investment opportunity in the heart of Downtown Dover. All units recently leased within the past two months, providing immediate, reliable cash flow. Four of the five units have been refreshed/updated, reducing near-term capital needs for a new owner.
Rents supported and currently at allowable maximum levels, offering strong and consistent income performance. Tenants pay their own utilities, keeping operating expenses low.
Property is located within the Downtown Dover revitalization area with ongoing investment, redevelopment, and long-term growth potential nearby.
Zoned C-1A, allowing flexible mixed-use possibilities including office, or small commercial applications
Turnkey, stabilized rental with strong cap rate potential and minimal vacancy risk.
Listing Agent
(302) 678-4300 steve@delawarerealestate.com RE/MAX Horizons Brokerage Phone: 3026784300 License #RB-0031118 Listed on: 02/27/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,325
Year Built
- Built in 1900
Lot Details
- 3,049 Sq Ft Lot
- Lot Dimensions are 44.00 x 69.17
- Property is in good condition
Parking
- On-Street Parking
Home Design
- 3,432 Sq Ft Home
- Pitched Roof
- Vinyl Siding
Flooring
- Wall to Wall Carpet
- Vinyl
Basement
- Dirt Floor
- Crawl Space
Utilities
- Cooling Available
- Heating System Uses Oil
- Electric Baseboard Heater
- Electric Water Heater
Community Details
- 4 Units
- Insurance Expense $4,100
Listing and Financial Details
- Tax Lot 6000-000
- Assessor Parcel Number ED-05-07705-03-6000-000
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/27/2026 02/27/26 | For Sale | $599,000 | +299.3% | $175 / Sq Ft | |
| 11/18/2016 11/18/16 | Sold | $150,000 | -16.7% | $38 / Sq Ft | View Prior Sale |
| 10/01/2016 10/01/16 | Pending | -- | -- | -- | |
| 06/30/2015 06/30/15 | For Sale | $180,000 | -- | $45 / Sq Ft |
Source: Bright MLS
MLS Number: DEKT2044364
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Ask me questions while you tour the home.