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26 S State St
For Sale $1,200,000 ($170.70 per Sq Ft)
$1,200,000 ($170.70 per Sq Ft)
- 1 Units
- 7,030 Sq Ft
- 7,492 Sq Ft
- Unknown Cap Rate
Description
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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,200,000 |
| Property Type | Other |
| Usable Sqft | 7,030 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1900 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | ED0507705042300000 |
| MLS # | DEKT2044590 |
| Property ID | 319053282 |
| Lot Sqft | 7,492 |
| Zoning | RG0 |
| Total Units | 1 |
| Days on Market | 57 |
| Original List Price | Unknown |
| Date Updated | March 12, 2026 |
| Date Created | March 12, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $128,400 | $0 |
| Net Income (Yr) | $ 111,282 |
| Cap Rate | 9.30% |
Listing Provided By
Steven B. Schmidt an agent of RE/MAX Horizons. Lic #RB-0031118
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Data last updated: May 08, 2026.
Robert Crawford
REAL ESTATE AGENT