Change Real Estate Presents:

26 S State Street
Dover DE 19901

For Sale: $1,200,000.00 Active

List Date: 2026-03-13

Dover
7,030 build ft2
7,492 land ft2

About This Property

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: Steven B. Schmidt. RE/MAX Horizons 302-678-4326 steve@delawarerealestate.com

Property Features

Location Information
County:
Subdivision: None
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Interior Features
Appliances:
Interior:
Laundry:
Furnished: None
Flooring: Hardwood, Luxury Vinyl Plank
Water: Public
Cooling: None
Heating: 90% Forced Air
Fireplaces: None
Windows:
Utilities: Natural Gas Available
Sewer: Public Sewer
Exterior Features
Year Built: 1900
Legal Subdivision: Bradford City Addition
Parking: Private
Schools
Elementary School: None
Junior High School: None
High School: None

IDXListing Courtesy of Steven B. Schmidt. RE/MAX Horizons 302-678-4326 steve@delawarerealestate.com

Property Photos [Click to enlarge]

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