118 W Division Street, Dover, DE 19901
- Beds
- 5
- Sqft
- 3,432
View property features, location on map, relevant school information and overview from seller's agent.
- 0
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Overview
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.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 5
- Square feet
- 3,432
- Lot size (acres)
- 0.07
- Year built
- 1900
Interior features
- Basement
- Yes
Utilities
- Heating
- Oil, Baseboard
- Cooling
- None, Electric
- Sewer
- Public sewer
- Water
- Public
Estimated monthly costs
- Insurance
- $4,100
Taxes
- Tax Annual Amount (2025)
- $2,325
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Bright MLS MLS®#: DEKT2044364 Last checked: …
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