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26 S State St, 
Dover, DE 19901

$1,200,000


9

Beds


Bath


7,030

Sq Ft


Multi-Family

Coming Soon

Listed by

Steven B. Schmidt

Barbara T Schmidt

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

Last updated:

February 28, 2026, 02:44 PM

MLS#

DEKT2044590

Source:

BRIGHTMLS

About This Home

26 S State St

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.

Home Facts

Multi-Family

9 Bedrooms

Built in 1900

Price Summary

1,200,000

$170 per Sq. Ft.

MLS #:

DEKT2044590

Last Updated:

February 28, 2026, 02:44 PM

Added:

9 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

9


Structure

Structure

Architectural Style:

Victorian

Building Area:

7,030 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

7,405


Finances & Disclosures

Finances

Price:

$1,200,000

Price per Sq. Ft:

$170 per Sq. Ft.

Source:BRIGHTMLS
The information being provided by Bright Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Bright Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.