118 W Division Street, Dover, DE 19901 - Photo 1

1/1

$564,500

Sold
Closed
Single Family
3,432 Sq. Ft.

1/1

Property 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.

Full Property Details

Full Property Details for 118 W Division St

General

Sold For: $564,500
Taxes: $2,325 (2025)
Status: Closed
Type: Single Family
Source: BrightMLSPhilly
MLS ID: DEKT2044364
Added to Site: 97 day(s) ago

Interior

Flooring: Fully Carpeted, Vinyl

Exterior

Exterior Features: Sidewalks, Street Lights

Parking

Parking Type: On Street

Location

Area: Capital (30802)
County: KENT
Building Name: NONE AVAILABLE
Cross Streets: Governors
Driving Directions: N. Dupont Hwy, to W. Division St. Property on left.
City Limits: Yes

School Information

School District: Capital

Heating & Cooling

Cooling Type: None
Cooling Fuel: Electric
Heating Type: Baseboard - Electric
Heating Fuel: Oil
Water Heater: Electric

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

Architectural Style: Other
Structure Type: Detached
Construction: Vinyl Siding
Basement: Yes
Basement Desc.: Dirt Floor
Foundation: Crawl Space
Roof: Pitched
Square Feet: 3,432
Sq. Ft. Source: Assessor
Living Area: 3,432 Sq. Ft.
Finished Above Grnd: 3,432 Sq. Ft.
Year Built: 1900
Year Built Source: Assessor
Property Condition: Good

Unit Information

Other Units: Unit 1, Unit 2, Unit 4, Unit 5, Unit 3

Lot Features

Lot Size (Acres): 0.07
Lot Size (Sq. Ft.): 3,049
Lot Size Source: Assessor
Lot Dimensions: 44.00 x 69.17
Zoning: C1A

Financial Considerations

Price Per Sq. Ft.: $174.53
Assessment Year: 2025
School Tax: $2,081
City/TownTax: $1,028
City/TownTax Freq: Annually
County Tax: $225
County Tax Freq: Annually
Tax w/Assessment: $392,300
Tax Amount: $2,325
Tax Year: 2025
Terms: Standard Sale
Owner Pays: Taxes - Real Estate, Insurance
Tax Total Finished Sq. Ft.: 3432

Disclosures and Reports

Ownership: Fee Simple
Lot Number: 6000-000

Listed and Sold by RE/MAX Horizons, Steven B. Schmidt

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Listing agent

— 118 W Division St —

Steven B. Schmidt

RE/MAX Horizons

Listing Office Email: steve@delawarerealestate.com

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Schools

Schools serving 118 W Division St

School District:Capital School District

Name	Grades	Distance
Booker T. Washington Elementary School 901 Forest Street, Dover, DE 19904	K-4	0.6 mi
Central Middle School, Dover, DE 211 Delaware Avenue, Dover, DE 19901	7-8	0.3 mi
Dover High School One Dover High Drive, Dover, DE 19904	9-12	2.5 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 118 W Division St

Date

Details

Price

Change

Source

4/28/2026

Sold

$564,500

-5.76%

MLS

2/27/2026

Listed

$599,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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118 W Division Street, Dover, DE 19901 (MLS# DEKT2044364) is a Single Family property that was sold at $564,500 on April 28, 2026. Want to learn more about 118 W Division Street? Do you have questions about finding other Single Family real estate for sale in Dover? You can browse all Dover real estate or contact a Coldwell Banker agent to request more information.

118 W Division St Dover, DE 19901