Change Real Estate Presents:

118 W Division Street
Dover DE 19901

For Sale: $599,000.00 Pending

List Date: 2026-02-27

Dover
3,049 land ft2

About This Property

Fully 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.

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: Fully Carpeted, Vinyl
Water: Public
Cooling: None
Heating: Baseboard - Electric
Fireplaces: None
Windows:
Utilities:
Sewer: Public Sewer
Exterior Features
Year Built: 1900
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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