204 MAHOGANY PLACE
About This Property
Welcome to 204 Mahogany Place – a beautifully updated 2-bedroom, 2-bathroom twin home located just off Route 1 at Exit 98, offering exceptional access for commuters heading north to Wilmington, Bear, Middletown and anywhere in between. This move-in-ready gem features two spacious primary suites, each with oversized closets and private bathrooms-ideal for comfort, privacy, or roommate living.
The rear suite includes a serene private balcony with elegant double picture doors, perfect for peaceful mornings or winding down in the evening. The modern kitchen showcases granite countertops, brand-new stainless steel appliances, and stylish finishes throughout. You'll also enjoy the convenience of a one-car garage-a rare find in this price point!
Recent upgrades include a new roof and new HVAC system, providing long-term peace of mind and energy efficiency. The open layout flows seamlessly through the main living spaces, making it ideal for entertaining or relaxing at home.
Located in the heart of Dover, you're minutes from Dover Mall, Delaware State University, Dover Air Force Base, and multiple parks and dining options. Easy access to major routes makes this a commuter's dream.
Whether you're a first-time buyer, investor, or looking to downsize with style, 204 Mahogany Place checks all the boxes. Schedule your tour today!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 5, 2026 | Sold | ||
| Sold | |||
| Sep 28, 2025 | In contract | - | |
| In contract | |||
| Sep 9, 2025 | Relisted | $265,000 | |
| Relisted | |||
| Aug 7, 2025 | In contract | - | |
| In contract | |||
| Aug 1, 2025 | Listed by Keller Williams Realty Central-Delaware | $265,000 | |
| Listed by Keller Williams Realty Central-Delaware | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017