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26 S State St, Dover, DE 19901

  • $1,200,000

    •

  • —

    bed

  • —

    bath

  • 7,030

    Sqft ($171/Sqft)

Multi-family for sale 106 days
Movoto is helping 72 homebuyers near you

About 26 S State St

Property type Multi-family
Neighborhood
Year built 1900
HOA fee $0/month
Lot size 7,492 Sqft
Movoto estimate
Rental estimate
Property description
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.
Listed by
Listing Agent - Steven B. Schmidt
Listing Office - RE/MAX Horizons
Source: Bright MLS mls logo
MLS#DEKT2044590 • last updated 1 week ago
Movoto checked Bright MLS for data 8 minutes ago
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Overview
Cooling/AC None, None
Heating Natural Gas
Levels/Style Victorian
Type Multi-Family
SubType Other
Status Active
SqFt 7030
Lot Size (SqFt) 7492
Lot Size (Acres) 0.17
County Tax 459, Annually
City/ Town Tax 2202
School Tax Annually, 4257
Tax: Assessed Value 802500
Annual Property Tax 4757
Year Built 1900
Condition Good
New Construction (Y/N) N
Foreclosure (Y/N) N
Interior
Basement Partial
Accessibility Features None
Exterior
Construction Frame
Parking Desc Private, On Street, Parking Lot
Existing Structures Above Grade, Below Grade
Lot Desc Rear Yard
Amenities / Utilities
Utilities Natural Gas Available
Sewer/ Septic Public Sewer
Pool No Pool
Security Features Main Entrance Lock
Location
Water Source Public
School District CAPITAL
Location Downtown
Directions From 13 West Division St. Left On S. State St. Property On Right.
Zoning RG0
Multifamily Details
# 1-Bedroom Units 9
# Units Furnished None
Gross Income 128400
Net Operating Income 111282
Expense: Insurance 3500
Operating Expense 6000
Cap Rate 9.3
Gross Scheduled Income 128400
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5/10
Booker T. Washington Elementary School
public Grades K-4
Capital School District
2/10
William Henry Middle School
public Grades 5-6
Capital School District
4/10
Central Middle School
public Grades 7-8
Capital School District
3/10
Dover High School
public Grades 9-12
Capital School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Downtown Dover

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85/100
Walk
80/100
Family
43/100
Dining
74/100
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  • Real Estate
  • DE
  • Kent County
  • Dover
  • 19901
  • Downtown Dover
  • 26 S State St

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The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Movoto participates, and is provided by BRIGHT through a licensing agreement.The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 6/25/2026. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closedor are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose. BRIGHTMLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually solddue to reporting errors.
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