Date
Details
Price
Change
Source
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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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
- Price: $599,000
- Taxes: $2,325 (2025)
- Status: Active
- Type: Apartment
- Source: BrightMLSPhilly
- MLS ID: DEKT2044594
- Updated: Today (2/27/2026)
- Added to Site: Today
Business
- Business Type: Apartment Building
Interior
- Flooring: Fully Carpeted, Vinyl
Rooms
Bathrooms
- Restrooms: 5
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
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
- Construction: Vinyl Siding
- Foundation: Crawl Space
- Roof: Pitched
- Building Size: 3432
- Year Built: 1900
- Year Built Source: Estimated
- Property Condition: Good
Unit Information
- # Tenants: Multiple
- 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: Estimated
- 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
- Owner Pays: Insurance, Taxes - Real Estate
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 6000-000
Listed by RE/MAX Horizons, Steven B. Schmidt
We Value Your Privacy
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Listing agent
— 118 W Division St —
Steven B. Schmidt
RE/MAX Horizons
NMLS#: 1598647Get Pre-Approved Today
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 Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 118 W Division St
Estimate the Cost
Estimate the Cost for 118 W Division St
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118 W Division Street, Dover, DE 19901 (MLS# DEKT2044594) is a Apartment property. 118 W Division Street is currently listed for $599,000 and was received on February 27, 2026. Want to learn more about 118 W Division Street? Do you have questions about finding other Apartment real estate for sale in Dover? You can browse all Dover real estate or contact a Coldwell Banker agent to request more information.