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.
3,432 SqFt
SOLD DATE : 04/28/2026
Key Details
Sold Price $564,500
Property Type Multi-Family
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 3,432 sqft
Price per Sqft $164
MLS Listing ID DEKT2044364
Sold Date 04/28/26
Style Other
Abv Grd Liv Area 3,432
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 Detached
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
Rooms
Basement Dirt Floor
Interior
Hot Water Electric
Heating Baseboard - Electric
Cooling None
Flooring Fully Carpeted, Vinyl
Fireplace N
Heat Source Oil
Exterior
Water Access N
Roof Type Pitched
Accessibility None
Garage N
Building
Foundation Crawl Space
Above Ground Finished SqFt 3432
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Above Grade, Below Grade
New Construction N
Schools
School District Capital
Others
Tax ID ED-05-07705-03-6000-000
Ownership Fee Simple
SqFt Source 3432
Special Listing Condition Standard
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