217 219 W Reed Street
Dover, DE 19904
- – beds
- – baths
- 2,560 sqft
- 2,613 sqft lot
- $166 per sqft
- 1900 build
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!"
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Last updated Apr 10, 2025
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MLS# DEKT2036316 —
The Building
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Year Built:1900
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Year Built Source:Estimated
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Roof:Shingle
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New Construction:No
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Construction Materials:Frame, Vinyl Siding
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Building Levels:2
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Building Units Total:4
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Structure Type:Other
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Historic:No
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Architectural Style:Other
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Door Features:Insulated
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Window Features:Insulated
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Accessibility Features:None
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Foundation Details:Other
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Basement:Yes
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Basement Type:Other
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Total SqFt Source:Estimated
Interior
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Room Count:8
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Flooring Type:Carpet, Vinyl
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Fireplace:No
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:2560
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Living Area SqFt:2,560 Sqft
Financial & Terms
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Sale Type:Standard
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Acceptable Financing:Cash, Conventional, FHA, VA
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Possession:0-30 Days CD, 31-60 Days CD, 61-90 Days CD
Location
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Directions:see map
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Latitude:39.15938000
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Longitude:-75.52836000
The Property
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Property Type:Multi-Family
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Property Subtype:Quadruplex
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Lot Size Units:Square Feet
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Lot Size Acres:0.06
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Lot Size Source:Estimated
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Lot Size Dimensions:0.06 Acres
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Lot Dimensions Source:Estimated
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Lot SqFt:2,613 Sqft
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Zoning:R
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Road Responsibility:Public
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In City Limits:Yes
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Other Structures:Above Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (973) 626-0325
- Office phone:
- (302) 369-5397
Taxes
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Tax ID Number:ED-05-07705-03-300-0
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Tax Year:2024
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Tax Annual Amount:$1,299
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County Tax:432.00
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City/Town Tax:280.00
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Total Taxes Payment Frequency:Annually
Heating & Cooling
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Cooling Type:Window Unit(s)
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Radiator
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Heating Fuel:Natural Gas
Utilities
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Sewer/Septic:Public Sewer
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Electric Service:200+ Amp Service
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Hot Water:Propane
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Water Source:Public
Schools
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School District Name:Capital
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School District Source:Listing Agent
The Community
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Pool:No Pool
Parking
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Garage:No
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Type of Parking:None
Extra Units
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Vacation Rental:No
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One Bedroom Units:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
4/8/25
Apr 8, 2025
|
Listed / Active | BRIGHT | $425,000 |