Prime Investment Opportunity " An exceptional investment opportunity awaits with two well-maintained properties in the heart of Dover's redevelopment zone. These properties offer strong rental income, future appreciation potential, and flexible usage options under C-1 zoning. Property Details: 203 E Blackwell Street " 3-Family Home Strong rental income " Unit 1: Vacant for sale (potential $1,800+ rent) Unit 2: $1,800/mo. Unit 3: $2,000/mo. Spacious 200' deep lot " offering potential for expansion or redevelopment. Well-maintained " newer roof, utilities, and windows. 207 " Single-Family Home - Currently rented for $3,200/month " immediate cash flow. Newer roof, windows, and utilities Fenced-in rear lot with permitted outdoor storage and a 2-car detached garage Investment Highlights: Buy together or separately " flexible purchase options Off-street parking & separate utilities " reducing operational costs Zoned C-1 " allowing for redevelopment, mixed-use, or continued rental growth. Major urban development underway across the street " ensuring future appreciation. Upscale rent escalation potential " maximizing long-term ROI. Why Invest Here? Immediate cash flow with existing rentals. Future development potential in a prime growth area. Stable, well-maintained assets for a secure investment. Don't miss this rare opportunity to discuss purchase options and investment strategies!
Active
$1,400,000
203 E Blackwell St Abc #203, Dover Town, NJ 07801
--beds
6baths
3,662sqft
Est.:
Apartment
Built in 1900
-- sqft lot
$-- Zestimate®
$382/sqft
$-- HOA
What's special
Fenced-in rear lot
- 126 days
- on Zillow |
- 138 |
- 1 |
Zillow last checked: 12 hours ago
Listing updated: May 14, 2025 at 04:59am
Listed by:
David P Wainwright 973-200-4800,
Re/Max Select,
Glen Baker
Source: GSMLS,MLS#: 3951879

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 6
Heating
- 4+ Units, Baseboard - Hotwater, Heat Pump, Zoned, Electric, Natural Gas
Cooling
- Wall Unit(s), Window Unit(s)
Features
- Flooring: Laminate, Tile, Wood
- Doors: Drive-In Doors, Max Door Height: 8
- Basement: Yes,Crawl Space,Full
Interior area
- Total structure area: 3,662
- Total interior livable area: 3,662 sqft
Property
Parking
- Parking features: Blacktop, Crushed Stone, Hard Surface, Parking Lot-Exclusive
Features
- Stories: 3
Lot
- Size: 10,018.8 Square Feet
- Dimensions: 50 x 200
- Features: Level, Open Lot, Business District
Details
- Parcel number: 2309019040000000150000
- Zoning description: C-1
- Other equipment: Appliances
Construction
Type & style
- Home type: Apartment
- Property subtype: Apartment
- Attached to another structure: Yes
Materials
- Wood, Composition Siding, Vinyl Siding
- Roof: Asphalt Shingle
Condition
- Updated/Remodeled
- Year built: 1900
- Major remodel year: 2024
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected, Cable Available
Community & HOA
Community
- Security: Smoke Detector(s)
Location
- Region: Dover
Financial & listing details
- Price per square foot: $382/sqft
- Tax assessed value: $334,800
- Annual tax amount: $17,500
- Date on market: 3/20/2025
- Inclusions: Building & Land
- Ownership type: Fee Simple
- Tenant pays: Cable TV, Electricity, Gas, Heat, Hot Water
- Electric utility on property: Yes
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