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Key Facts

12Beds

6Baths

7,296Sq Ft

1920Year Built

0.11Lot (acres)

3Stories

$1,395,000

Active

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Description

Fully occupied with strong positive cash flow. 6 unit multifamily with strong rental history on lovely Cushing St within walking distance to downtown. Many capital improvements and updates have been done to the building by caring landlords including costly gas boiler and roof. A third of the windows have been replaced, exhaust fans installed in all bathrooms, new coin op washers and dryers in basement, common areas have been refurbished, many areas have been repainted. Units have been improved at tenant turnover, including updating of some bathrooms, and flooring, and fresh paint. All tenants are receiving a rent increase as part of June/July lease renewal and all tenants have been notified that increases are coming. Basement has been equipped with 3 locked storage units, currently 2 are leased. Potential gross income in July could jump to $128,500. This property presents an excellent opportunity to build your empire in Dover with a potential cap rate of 8%! Showings begin at Open House on Saturday May 9, 2026.

Property Information

Property Type

Residential Income

Sub-Type

Multi Family

Style

Multi-Family / New Englander

Year Built

1920

Stories

Living Area

7,296 sq ft

Lot Size

0.11 acres

Zoning

MLS® Listing#

5086708

Property Features

Interior

High Speed Internet

Appliances

Electric Water HeaterWater Heater

Cooling

None

Heating

Natural GasSteam

Flooring

CarpetHardwoodLaminateVinyl

Basement

Walk-Out AccessStorage SpaceDaylightFullPartially Finished

Parking

Off Street

Patio

Porch

Lot Features

Corner LotLevel

Construction

Frame

Foundation

BlockStoneBrick/Mortar

Roof

Rolled/Hot Mop

Utilities

Cable Available

Sewer

Public Sewer

Water Source

Public

Schools

Elementary:: Woodman Park Elementary School
Middle:: Dover Middle School
High:: Dover High School
District:: Dover

Financial Details

Annual Taxes

$19,054

Tax year 2025

Directions

From Spaulding Turnpike take exit 8E towards downtown Dover. Go right at first exit off traffic circle. Take a left on Cushing, property is on the right.