Mr. Leonard Tehrani
Empower Real Estate, LLC
(610) 756-2103
27 Total Sales
1 in Dover
$335,000 Price
118 W Division St Dover, DE 19904
Dover Area
Studio
--
Bath
3,432
Sq Ft
3,049
Sq Ft Lot
Highlights
- Cooling Available
- Electric Baseboard Heater
- Wall to Wall Carpet
About This Home
As of April 2026Fully 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.
Last Agent to Sell the Property
(302) 678-4300 steve@delawarerealestate.com RE/MAX Horizons Brokerage Phone: 3026784300 License #RB-0031118 Listed on: 02/27/2026
Last Buyer's Agent
(302) 678-4300 steve@delawarerealestate.com RE/MAX Horizons Brokerage Phone: 3026784300 License #RB-0031118 Listed on: 02/27/2026
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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
- The owner pays for real estate taxes, insurance
- Tax Lot 6000-000
- Assessor Parcel Number ED-05-07705-03-6000-000
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Dover, DE
-
Mr. Leonard Tehrani
-
Larry Makowski
Larry Makowski
Express Auctioneers, LLC
(443) 879-7241
50 Total Sales
2 in Dover
$110K - $252K Price Range
-
Bobby Carter
Bobby Carter
Crown Homes Real Estate
(302) 216-4178
105 Total Sales
2 in Dover
$305K - $325K Price Range
-
Carolyn Quelly
Carolyn Quelly
Integrity Real Estate
(484) 314-3567
88 Total Sales
2 in Dover
$250K - $415K Price Range
-
Stephanie Coho
Stephanie Coho
Compass RE
(856) 351-5461
240 Total Sales
8 in Dover
$200K - $429K Price Range
-
Sabri Thompson
Sabri Thompson
Foraker Realty Co.
(856) 276-5092
149 Total Sales
6 in Dover
$245K - $400K Price Range
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/28/2026 04/28/26 | Sold | $564,500 | -5.8% | $164 / Sq Ft | |
| 03/09/2026 03/09/26 | Pending | -- | -- | -- | |
| 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
Agents Affiliated with this Home
-
Steve Schmidt
Seller's Agent in 2026
Steve Schmidt
RE/MAX
(302) 678-4326
137 Total Sales
-
Doug Doyle
Seller's Agent in 2016
Doug Doyle
The Moving Experience Delaware Inc
(302) 270-4135
29 Total Sales
-
Dom Damiano
D
Buyer's Agent in 2016
Dom Damiano
Century 21 Gold Key Realty
(302) 373-4061
41 Total Sales
Map
Source: Bright MLS
MLS Number: DEKT2044364
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