For sale

$1,200,000

26 S State St, Dover, DE 19901

9beds

--baths

7,030sqft

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Multi Family

Built in 1900

-- sqft lot

$1,118,800 Zestimate^®

$171/sqft

$-- HOA

What's special

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.

111 days

308

6

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9

Basement

Area: 0

Heating

Forced Air, Natural Gas

Cooling

None

Appliances

Included: Gas Water Heater

Features

Flooring: Hardwood, Luxury Vinyl
Basement: Partial
Has fireplace: No

Interior area

Total structure area: 7,030
Total interior livable area: 7,030 sqft

Property

Parking

Parking features: Private, On Street, Parking Lot
Has uncovered spaces: Yes

Accessibility

Accessibility features: None

Features

Pool features: None

Lot

Size: 7,492 Square Feet
Dimensions: 0.17 x 0.00
Features: Rear Yard, Downtown

Details

Additional structures: Above Grade, Below Grade
Parcel number: ED0507705042300000
Zoning: RG0
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Victorian
Property subtype: Multi Family

Materials

Frame

Condition

Good
New construction: No
Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Available

Community & HOA

Community

Security: Main Entrance Lock

Location

Region: Dover

Financial & listing details

Price per square foot: $171/sqft
Tax assessed value: $802,500
Annual tax amount: $4,757
Date on market: 3/13/2026
Listing agreement: Exclusive Right To Sell
Ownership: Fee Simple
Total actual rent: 128400

Estimated market value

$1,118,800

$1.06M - $1.17M

$1,337/mo

Price history

Date	Event	Price
6/15/2026	Listed for sale	$1,200,000$171/sqft
Source: Bright MLS #DEKT2044590 Report a problem
5/26/2026	Contingent	$1,200,000$171/sqft
Source: Bright MLS #DEKT2044590 Report a problem
3/13/2026	Listed for sale	$1,200,000$171/sqft
Source: Bright MLS #DEKT2044590 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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