Rhonda Ruffin - Century 21 Gold Key Realty Logo
$1,200,000
 $6,442 est/mo Sourced by Back At You

26 S State St,DOVER, DE 19901

DOVER, DE 19901

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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.

Details

MLS #DEKT2044590
Listing TypeFor Sale
Building NameNONE AVAILABLE
Sub-TypeResale
StatusActive Under Contract-bright
Year1900
Days On Site224
Listing Provided ByRE/MAX Horizons | Steven B. Schmidt

Features

SQ Feet7,030
BasementY
Units1
ZoningRG0
Acreage0.17

Interior

CoolingNone
Heating Yes / NoYes
Heating90% Forced Air

Exterior

Security FeaturesMain Entrance Lock
Construction MaterialsFrame
Lot FeaturesRear Yard

Parking

Garage Yes / NoNo
Parking FeaturesPrivate

Utilities

UtilitiesNatural Gas Available

Taxes

Tax Annual Amount4757

Area Information

StateDE
CountyKENT DE
CityDOVER
Zip Code19901
AreaCapital (30802)
School DistrictCAPITAL
Listing VS Median (in 19901)
Price:
$1,200,000
low | high
Med:
$317,500
100% of Average
sqft:
7,030
low | high
Med:
1,476
100% of Average
$ / sqft:
$171
low | high
Med:
$217
22.592754556174% of Average
On site:
224
low | high
Med:
42
100% of Average
Sourced by Back At You

Market Activity 19901

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Learn More About This Property

Rhonda Ruffin

Rhonda Ruffin

Century 21 Gold Key Realty

 (302) 538-0939rhondaruffin@c21gk.com
StateDE
CountyKENT DE
CityDOVER
Zip Code19901
AreaCapital (30802)
School DistrictCAPITAL
Listing VS Median (in 19901)
Price:
$1,200,000
low | high
Med:
$317,500
100% of Average
sqft:
7,030
low | high
Med:
1,476
100% of Average
$ / sqft:
$171
low | high
Med:
$217
22.592754556174% of Average
On site:
224
low | high
Med:
42
100% of Average
Sourced by Back At You
Listing Updated: September 30, 2026 at 11:00:56 PM PDT

Rhonda Ruffin - Century 21 Gold Key Realty