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For sale
  • Price cut: $5K (5/26)
    $420,000

    217-219 W Reed St, Dover, DE 19904

    4beds
    --baths
    2,560sqft
    : 
    Quadruplex
    Built in 1900
    -- sqft lot
    $403,600 Zestimate®
    $164/sqft
    $-- HOA

    What's special

    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!"
    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#: DEKT2036316MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 217-219 W Reed St.

    Next available tour time:Tomorrow at 11am

    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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