Estimated payment $6,578/month
Highlights
- Wood Flooring
- Downtown Location
- Back Yard
- Victorian Architecture
- 90% Forced Air Heating System
- 1-minute walk to Constitution Park
About This Home
Turnkey 9-unit multifamily investment in Dover, surrounded by historic character and ongoing area revitalization. Stabilized asset producing approximately $11,700 per month (4-1-26) in rental income, plus additional income from on-site central washer and dryer facilities.
Tenants pay their own gas heat and electric. Owner pays water, sewer, trash, and central hot water.
Property has seen numerous recent improvements including updated windows, interior upgrades, select new kitchens, and recently 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.
Strong in-place income with additional ancillary revenue and continued upside through future unit improvements and long-term rental demand in the Dover market. Ideal for investors seeking a stabilized asset with proven cash flow.
Listing Agent
(302) 678-4300 steve@delawarerealestate.com RE/MAX Horizons Brokerage Phone: 3026784300 License #RB-0031118 Listed on: 02/19/2026
Co-Listing Agent
(302) 678-4300 steve@delawarerealestate.com RE/MAX Horizons Brokerage Phone: 3026784300
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,757
Year Built
- Built in 1900
Lot Details
- 7,492 Sq Ft Lot
- Lot Dimensions are 0.17 x 0.00
- Downtown Location
- Back Yard
- Property is in good condition
Home Design
- Victorian Architecture
- Frame Construction
Interior Spaces
- 7,030 Sq Ft Home
- Partial Basement
Flooring
- Wood
- Luxury Vinyl Plank Tile
Parking
- Private Parking
- On-Street Parking
- Parking Lot
Utilities
- 90% Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
Community Details
- Insurance Expense $3,500
- Operating Expense $6,000
- Gross Income $128,400
- Net Operating Income $111,282
Listing and Financial Details
- Coming Soon on 3/13/26
- Tax Lot 2300-000
- Assessor Parcel Number ED-05-07705-04-2300-000
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,716 | $802,500 | $112,700 | $689,800 |
| 2024 | $4,555 | $802,500 | $112,700 | $689,800 |
| 2023 | $1,690 | $57,400 | $13,400 | $44,000 |
| 2022 | $4,887 | $57,400 | $13,400 | $44,000 |
| 2021 | $3,093 | $57,400 | $13,400 | $44,000 |
| 2020 | $1,520 | $57,400 | $13,400 | $44,000 |
| 2019 | $1,437 | $57,400 | $13,400 | $44,000 |
| 2018 | $1,311 | $57,400 | $13,400 | $44,000 |
| 2017 | $1,292 | $57,500 | $0 | $0 |
| 2016 | $1,297 | $57,500 | $0 | $0 |
| 2015 | -- | $57,500 | $0 | $0 |
| 2014 | -- | $57,500 | $0 | $0 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $900,000 | -- | |
| Deed | $910,000 | None Available | |
| Deed | $50,050 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $810,000 | Purchase Money Mortgage |
Source: Bright MLS
MLS Number: DEKT2044590
APN: 2-05-07705-04-2300-000
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