Well-maintained quadplex investment opportunity featuring four 1 bed / 1 bath units, all currently occupied with tenants in place. Each unit is separately metered for electric, allowing tenants to pay their own electric utilities and helping reduce owner expenses. Owner currently pays water. Property also includes an on-site laundry room for tenant convenience. Strong income-producing property with consistent rental demand and solid investment potential.
Under contract
Price cut: $5K (7/23)
$470,000
12 S State St, Dover, DE 19901
4beds
4baths
3,220sqft
Quadruplex
Built in 1900
-- sqft lot
$454,800 Zestimate®
$146/sqft
$-- HOA
What's special
- 149 days
- 105
- 2
Zillow last checked:
Listing updated:
Listed by:
Michael Davis 302-300-2300,
Phoenix Real Estate 3023002300,
Co-Listing Agent: Owen Xaiver Prescott Davis 302-388-2499,
Phoenix Real Estate
Source: Bright MLS,MLS#: DEKT2047086
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Basement
- Area: 0
Heating
- Baseboard, Electric
Cooling
- Wall Unit(s), Electric
Appliances
- Included: Electric Water Heater
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total structure area: 3,220
- Total interior livable area: 3,220 sqft
Property
Parking
- Total spaces: 4
- Parking features: Off Street, On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 7,318 Square Feet
- Dimensions: 44.40 x 150.00
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: ED0507705042600000
- Zoning: RG0
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Colonial
- Property subtype: Quadruplex
Materials
- Aluminum Siding
- Foundation: Other
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Dover
Financial & listing details
- Price per square foot: $146/sqft
- Tax assessed value: $345,600
- Annual tax amount: $2,048
- Date on market: 5/13/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional
- Inclusions: All Appliances And Fixtures Located At The Property In As Is Condition.
- Exclusions: All Tenants' Person Property.
- Ownership: Fee Simple
Estimated market value
$454,800
$432,000 - $478,000
$1,624/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/16/2026 | Contingent | $470,000$146/sqft |
Source:  Bright MLS #DEKT2047086 Report a problem | ||
| 7/23/2026 | Price change | $470,000-1.1%$146/sqft |
Source: Bright MLS #DEKT2047086 Report a problem | ||
| 5/13/2026 | Listed for sale | $475,000+69.6%$148/sqft |
Source: Bright MLS #DEKT2047086 Report a problem | ||
| 5/31/2020 | Listing removed | $895 |
Source: EXP Realty #DEKT236428 Report a problem | ||
| 2/26/2020 | Listed for rent | $895 |
Source: EXP Realty #DEKT236428 Report a problem | ||
| 12/23/2019 | Sold | $280,000$87/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,031 +3.5% | $345,600 |
| 2024 | $1,962 +55.3% | $345,600 +705.6% |
| 2023 | $1,263 +3.4% | $42,900 |
| 2022 | $1,221 +3.8% | $42,900 |
| 2021 | $1,176 +3.5% | $42,900 |
| 2020 | $1,136 +5.8% | $42,900 |
| 2019 | $1,074 +9.6% | $42,900 |
| 2018 | $980 | $42,900 |
| 2017 | $980 +1.3% | $42,900 |
| 2016 | $967 | $42,900 |
| 2015 | -- | $42,900 |
| 2014 | -- | $42,900 |
| 2012 | -- | $42,900 |
| 2011 | -- | $42,900 |
| 2010 | -- | $42,900 -0.2% |
| 2009 | -- | $43,000 |
| 2008 | -- | $43,000 |
| 2007 | -- | $43,000 |
| 2005 | -- | $43,000 |
| 2004 | -- | $43,000 |
| 2002 | -- | $43,000 |
| 2001 | -- | $43,000 |
| 2000 | $541 | $43,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 19901
Nearby schools
Schools provided by the listing agent
- High: Dover
- District: Capital
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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