Bought with Steven B. Schmidt • RE/MAX Horizons
$564,500
$599,000
5.8%For more information regarding the value of a property, please contact us for a free consultation.
3,049 Sqft Lot
SOLD DATE : 04/28/2026
Key Details
Sold Price $564,500
Property Type Commercial
Sub Type Five Or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DEKT2044594
Sold Date 04/28/26
Year Built 1900
Available Date 2026-02-27
Annual Tax Amount $2,325
Tax Year 2025
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 44.00 x 69.17
Property Sub-Type Five Or More Units
Source BRIGHT
Property Description
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
State DE
County Kent
Area Capital (30802)
Zoning C1A
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Flooring Fully Carpeted, Vinyl
Heat Source Oil
Exterior
Water Access N
Roof Type Pitched
Accessibility None
Garage N
Building
Foundation Crawl Space
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Capital
Others
Tax ID ED-05-07705-03-6000-000
Ownership Fee Simple
Special Listing Condition Standard
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