Two-Unit Duplex with Separate
New
For Sale
$499,900
10 School Street, Rochester, NH 03867
Multi-Family, Rochester, NH
Property Size2,361 SF
Lot Size0.09 Acres
Price / SF$211.73
Days on Market7
Property Features for 10 School Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 4, Bedroom 1, Bathroom 2, Basement, Bedroom 2, Bedroom 3, Bathroom 1
Parking features
Driveway
Patio and Porch features
Deck
Exterior features
Balcony, Deck, Full Fence, Storage
Fencing
Fenced
Lot features
City Lot, Neighborhood
Standard status
Active
Size
2,361 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5103
Utilities
Heating system
Natural Gas, Hot Water(Heating), Baseboard
Water source
Public
Amenities
Storage Shed
Separate Gas and Electric Meters
Building Details
Year built
1890
Floors in Building
3
Number of units
2
Flooring type
Laminate, Tile - Ceramic
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
LAER Realty Partners/Chelmsford
(978) 251-8221
Listed By:
Michael Page
(978) 957-1700
Added: Sep 30
Changed: Oct 1
Last Checked: Oct 6 at 7:06AM
MLS# 5112230
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1890 wood-frame duplex contains 2,361 square feet with four bedrooms and two bathrooms. Kitchens, bathrooms, and flooring have been updated. Separate gas and electric meters serve the units, and a storage shed sits on a concrete pad. A deck, fenced yard, driveway, and basement add to the property’s features. The lot measures 0.09 acres, with public water service and natural gas hot-water baseboard heating.
Both units are occupied, and the tenants are current on rent. Lease terms run through December and February, respectively. Residential zoning applies.
Both units are occupied, and the tenants are current on rent. Lease terms run through December and February, respectively. Residential zoning applies.
Key Highlights
- Two‑unit property with 2,361 square feet
- Four bedrooms and two bathrooms
- Two active leases expire in December and February; tenants are current on rent
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,967
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,340
$479.3K
Cap Rate 7%
$342,386
$342.4K
Cap Rate 9%
$266,300
$266.3K
Market Conditions
NOI Build-Up for 2,361 SF
Gross rent
$35.4K $15.00/SF
− Vacancy
−$1.2K −$0.50/SF
EGI
$34.2K $14.50/SF
− OpEx
−$10.3K −$4.35/SF
NOI
$24.0K $10.15/SF
Area
Strafford County, NH
Vacancy
3.32%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,340
Cap Rate 7%
$342,386
Cap Rate 9%
$266,300
Alternative Uses
Best Use
Multifamily LT 5
$342.4K
$299.6K – $399.5K
NOI $23,967 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$315.8K
$276.3K – $368.4K
NOI $22,105 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$631.6K
$552.7K – $736.9K
NOI $44,215 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
Explore this area
Business Placement
Demographics for 03867, NH
22,369
Population
10,458
Households
2.1
Avg Household Size
44
Median Age
25%
College-Educated
93%
High-School Grad
28.4 sq mi
ZIP Area
788
Density / Sq Mi
$74,397
Median Household Income
$42,613
Median Earnings
$1,217
Median Rent
$259,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Updated kitchens, bathrooms, and flooring accompany active leases extending into the coming winter.
Where is this duplex located?
The property is located at 10 School Street Rochester, NH.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑unit property with 2,361 square feet; Four bedrooms and two bathrooms; Two active leases expire in December and February; tenants are current on rent
