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Property view

118 W Division St, 
Dover, DE 19901

$564,500


5

Beds


Bath


3,432

Sq Ft


Multi-Family

Sold

Listed by

Steven B. Schmidt

Bought with RE/MAX Horizons

RE/MAX Horizons, (302) 678-4300, info@delawarerealestate.com

MLS#

DEKT2044364

Source:

BRIGHTMLS

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About This Home

118 W Division St

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.

Home Facts

Multi-Family

5 Bedrooms

Built in 1900

Price Summary

599,000

$174 per Sq. Ft.

MLS #:

DEKT2044364

Sold:

April 28, 2026


Rooms & Interior

Bedrooms

Total Bedrooms:

5


Structure

Structure

Building Area:

3,432 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

3,049


Finances & Disclosures

Finances

Price:

$599,000

Price per Sq. Ft:

$174 per Sq. Ft.

Source:BRIGHTMLS
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