USADEDover118 W Division St
118 W Division St | Image 1
118 W Division St | Image 2

$599,000

Sold

2 months ago

118 W Division St, Dover, DE

House

MLS® DEKT2044364

Buyer represented by Steven Schmidt of RE/MAX Horizons

0 Bed

0 Bath

3432 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 3432 sqft
Garage 
Taxes $2,325
Lot Size 
Approx. Age 1900
Avg. Price Per Sqft $174
MLS® Number DEKT2044364

Property Address: 118 W Division St, DOVER, DE, 19904-7397

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberDEKT2044364
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementDirt Floor
DrivewayOn Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

Apr 28, 2026End Date
$564,500Sold Price

Sold

Feb 17, 2026List Date
$599,000List Price
  • Commute

Commute

Starting Address
Destination Address
118 W Division St, Dover, DE

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