Introducing 217-219 W Reed St, a meticulously maintained turnkey property featuring four fully occupied 1-bedroom apartments . This investment opportunity offers immediate positive cash flow, with all four units rented and generating income from day one. The property's financials are straightforward: tenants are responsible for all utilities except water, which is covered by the owner.The rental income breakdown is as follows:- 219A: $1,302/month (includes all utilties), 219B: $925/month, 217A: $962/month, 217B: $893/month. Whether you're a seasoned investor or just starting out, this property presents a compelling opportunity for steady returns. With its hassle-free setup and existing tenants, 217-219 W Reed St is an attractive addition to any investment portfolio. Don't miss out on this chance to secure a profitable investment – inquire today!"
For sale
Price cut: $5K (5/26)
$420,000
217-219 W Reed St, Dover, DE 19904
4beds
--baths
2,560sqft
Est.:
Quadruplex
Built in 1900
-- sqft lot
$403,600 Zestimate®
$164/sqft
$-- HOA
What's special
- 125 days
- on Zillow |
- 332 |
- 15 |
Zillow last checked: 7 hours ago
Listing updated: May 26, 2025 at 05:33am
Listed by:
Manny Shah 973-626-0325,
Century 21 Gold Key Realty 3023695397
Source: Bright MLS,MLS#: DEKT2036316

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
Heating
- Radiator, Natural Gas
Cooling
- Window Unit(s), Electric
Appliances
- Included: Water Heater
Features
- Flooring: Carpet, Vinyl
- Doors: Insulated
- Windows: Insulated Windows
- Basement: Other
- Has fireplace: No
Interior area
- Total structure area: 2,560
- Total interior livable area: 2,560 sqft
Property
Parking
- Parking features: None
Accessibility
- Accessibility features: None
Features
- Pool features: None
Lot
- Size: 2,613.6 Square Feet
- Dimensions: 0.06 Acres
Details
- Additional structures: Above Grade
- Parcel number: ED0507705033000000
- Zoning: R
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Other
- Property subtype: Quadruplex
Materials
- Frame, Vinyl Siding
- Foundation: Other
- Roof: Shingle
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Dover
Financial & listing details
- Price per square foot: $164/sqft
- Annual tax amount: $1,299
- Date on market: 4/8/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,VA Loan
- Ownership: Fee Simple
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