$599,000
118 W Division St, Dover, DE, 19901
3,432
Square feet
0.07
Acres
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 Details
| Office | RE/MAX Horizons |
|---|---|
| Contact Info | (302) 678-4300 |
Facts & Features
| MLS® # | DEKT2044364 |
|---|---|
| Price | $599,000 |
| Bathrooms | 0.00 |
| Square Footage | 3,432 |
| Acres | 0.07 |
| Year Built | 1900 |
| Type | Multi-Family |
| Sub-Type | Other,Detached |
| Style | Other |
| Status | Closed |
Community Information
| Address | 118 W Division St |
|---|---|
| Area | Capital |
| City | Dover |
| County | KENT-DE |
| State | DE |
| Zip Code | 19901 |
| Senior Community | No |
Amenities
| Is Waterfront | No |
|---|
Interior
| Heating | Baseboard - Electric |
|---|---|
| Cooling | None |
| Fireplace | No |
Exterior
| Exterior | Vinyl Siding |
|---|---|
| Exterior Features | Sidewalks,Street Lights |
| Roof | Pitched |
| Construction | Vinyl Siding |
| Foundation | Crawl Space |
| Other Structures | 10000001172,10000001174 |
School Information
| District | CAPITAL |
|---|
Additional Information
| Date Listed | February 27th, 2026 |
|---|---|
| Days on Market | 21 |
| Zoning | C1A |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |