$475,000

12 S State St Dover, DE 19901

Estimated payment $2,746/month

Total Views 1,487
Studio
-- Bath
3,220 Sq Ft
$148 Price per Sq Ft

Highlights

  • Colonial Architecture
  • Electric Baseboard Heater
  • 2-minute walk to Constitution Park
  • Cooling System Mounted In Outer Wall Opening

About This Home

Well-maintained quadplex investment opportunity featuring four 1 bed / 1 bath units, all currently occupied with tenants in place. Each unit is separately metered for electric, allowing tenants to pay their own electric utilities and helping reduce owner expenses. Owner currently pays water. Property also includes an on-site laundry room for tenant convenience. Strong income-producing property with consistent rental demand and solid investment potential.

Listing Agent

Michael Davis

(302) 300-2300 michael@mdavisismyrealtor.com Phoenix Real Estate Brokerage Phone: 3023002300 Listed on: 05/13/2026

Co-Listing Agent

Owen Davis

(302) 300-2300 owen@mdavisismyrealtor.com Phoenix Real Estate Brokerage Phone: 3023002300 License #RS0040076

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,048

Year Built

  • Built in 1900

Lot Details

  • 7,318 Sq Ft Lot
  • Lot Dimensions are 44.40 x 150.00

Home Design

  • Quadruplex
  • Colonial Architecture
  • Aluminum Siding

Interior Spaces

  • 3,220 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • 4 Parking Spaces
  • 4 Off-Street Spaces
  • On-Street Parking

Schools

  • Dover High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • 4 Units
  • 2-Story Building

Listing and Financial Details

  • Tax Lot 2600-000
  • Assessor Parcel Number ED-05-07705-04-2600-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,048

Year Built

Built in 1900

Lot Details

7,318 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Quadruplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: All tenants' person property.
  • Inclusions: All appliances and fixtures located at the property in AS IS condition.
  • New Construction: No
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Other
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 3220
  • Living Area Sq Ft: 3220
  • Price Per Sq Ft: 147.52
  • Above Grade Finished Sq Ft: 3220
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Aluminum Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Off Street, On Street
  • Off Street Parking Spaces: 4

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Wall Unit
  • Heating Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • High School Source: 3rd Party
  • School District Source: 3rd Party
  • High School: DOVER

Lot Info

  • Lot Size Acres: 0.17
  • Lot Dimensions: 44.40 x 150.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7318.00
  • Zoning: RG0
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: Yearly, Month To Month
  • Ground Rent Exists: No
  • Number Of Units Month To Month: 1
  • Owner Pays: Water, Sewer, Common Area Maintenance
  • Units Leased Count: 4
  • Vacation Rental: No

Tax Info

  • School Tax: 1833.00
  • Tax Annual Amount: 2048.00
  • Assessor Parcel Number: ED-05-07705-04-2600-000
  • Tax Lot: 2600-000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2025

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 4,Unit 3

MLS Schools

  • School District Name: CAPITAL

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,031 $345,600 $87,700 $257,900
2024 $1,962 $345,600 $87,700 $257,900
2023 $1,263 $42,900 $6,700 $36,200
2022 $1,221 $42,900 $6,700 $36,200
2021 $1,176 $42,900 $6,700 $36,200
2020 $1,136 $42,900 $6,700 $36,200
2019 $1,074 $42,900 $6,700 $36,200
2018 $980 $42,900 $6,700 $36,200
2017 $964 $42,900 $0 $0
2016 $967 $42,900 $0 $0
2015 -- $42,900 $0 $0
2014 -- $42,900 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2026 05/13/26 For Sale $475,000 0.0% $148 / Sq Ft
12/08/2021 12/08/21 Rented $995 0.0% --
12/01/2021 12/01/21 For Rent $995 -- --
Source: Bright MLS

Purchase 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 Type Sale Price Title Company
Deed -- None Listed On Document
Deed -- None Listed On Document
Deed -- None Listed On Document
Deed -- None Listed On Document
Deed $280,000 None Available
Deed $145,000 --
Source: Public Records

Mortgage 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 Status Loan Amount Loan Type
Previous Owner $210,000 New Conventional
Source: Public Records

Source: Bright MLS

MLS Number: DEKT2047086

Bright MLS

APN: 2-05-07705-04-2600-000

Your Personal Tour Guide

Ask me questions while you tour the home.