$250,000

40 S Governors Ave Dover, DE 19904

Estimated payment $1,406/month

Total Views 80
-- Bed
-- Bath
1,912 Sq Ft
$131 Price per Sq Ft

Highlights

  • Hot Property
  • Level Lot
  • 4-minute walk to Constitution Park
  • Electric Baseboard Heater
  • Back Yard

About This Home

Opportunities like this one don't come knocking often! Incredible investment opportunity. This building has three total units. Perhaps you'd like to live in one and rent out the other two! You could just rent out all three! The units consist of an efficiency one bedroom and standard one bedroom on the first floor and the third apartment is a three bedroom on the second floor. Most recently these rented for $1050, $1110, and $1700 respectively. That's $3860 a month for a $250,000 investment! Brand new siding just installed. Current owner is working on filling with new tenants, but they are currently vacant. All metered separately. Huge parking lot behind the building for parking. Close to new family court, Wesley, and lots of local conveniences. Schedule your showing today!

Listing Agent

Patricia Hawryluk

(302) 562-0072 triciacloses@gmail.com Tri-County Realty License #RS-0022192 Listed on: 12/20/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,100

Year Built

  • Built in 1900

Lot Details

  • 9,148 Sq Ft Lot
  • Lot Dimensions are 0.10 x 0.00
  • Level Lot
  • Back Yard

Parking

  • Driveway

Home Design

  • 1,912 Sq Ft Home
  • Triplex
  • Pitched Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Schools

  • Dover High School

Utilities

  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • 3 Units
  • Dover Subdivision

Listing and Financial Details

  • Tax Lot 3500-000
  • Assessor Parcel Number ED-05-07705-03-3500-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,100

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1900
  • Special Features: None

Interior Features

  • Fireplace: No
  • Foundation Details: Concrete Perimeter
  • Basement: No
  • Total Sq Ft: 1912
  • Living Area Sq Ft: 1912
  • Price Per Sq Ft: 130.75
  • Above Grade Finished Sq Ft: 1912
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Exterior Features: Sidewalks, Street Lights
  • Roof: Pitched
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

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

Schools

  • School District Source: Listing Agent
  • High School: DOVER

Lot Info

  • Lot Features: Level, Rear Yard
  • Lot Size Acres: 0.21
  • Lot Dimensions: 0.10 x 0.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 9147.60
  • Zoning: RG1
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • School Tax: 611.00
  • Tax Annual Amount: 1100.00
  • Assessor Parcel Number: ED-05-07705-03-3500-000
  • Tax Lot: 3500-000
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

Multi Family

  • Other Units: Unit 1,Unit 2,Unit 3

MLS Schools

  • School District Name: CAPITAL

Map

Range of Values:

--
Value Increase
--
Percent Increase
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Adjusted for Inflation
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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 $1,068 $188,100 $41,500 $146,600
2024 $1,068 $188,100 $41,500 $146,600
2023 $706 $24,000 $2,900 $21,100
2022 $683 $24,000 $2,900 $21,100
2021 $658 $24,000 $2,900 $21,100
2020 $635 $24,000 $2,900 $21,100
2019 $601 $24,000 $2,900 $21,100
2018 $548 $24,000 $2,900 $21,100
2017 $539 $24,000 $0 $0
2016 $543 $24,100 $0 $0
2015 -- $24,100 $0 $0
2014 -- $24,100 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/20/2025 12/20/25 For Sale $250,000 +203.0% $147 / Sq Ft
03/31/2017 03/31/17 Sold $82,500 -17.5% $43 / Sq Ft View Prior Sale
02/08/2017 02/08/17 Pending -- -- --
01/13/2017 01/13/17 For Sale $100,000 -- $52 / Sq Ft
Source: Bright MLS

Purchase History

Date Type Sale Price Title Company
Deed $82,500 None Available
Deed $96,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $81,005 FHA
Source: Public Records

Source: Bright MLS

MLS Number: DEKT2043248

Bright MLS

APN: 2-05-07705-03-3500-000