Duplex-Style Ranch with
For Sale
$595,000
143 Long Hill Road, Dover, NH 03820
Multi-Family, Dover, NH
Property Size2,404 SF
Lot Size1.00 Acre
Price / SF$247.50
Days on Market8
Property Features for 143 Long Hill Road
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
R-12
Rooms
Basement
Parking features
Open, Garage, Driveway
Patio and Porch features
Porch
Exterior features
Covered Porch, Shed
Lot features
Wooded
Elementary school
Garrison School
Middle school
Dover Middle School
High school
Dover High School
Elementary school district
Dover School District SAU #11
Middle school district
Dover School District SAU #11
High school district
Dover School District SAU #11
Directions
From I-95, take NH-16 (Spaulding Turnpike) north to Exit 9/Silver Street. Turn right onto Silver Street, then left onto Central Avenue (NH-108). Continue 1.5 miles, turn right onto Longhill Road. Property at #143 on left.
Standard status
Active
Size
2,404 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11123
Utilities
Heating system
Oil, Hot Water(Heating), Baseboard
Water source
Public
Amenities
attached garage
three-season room
backyard
Building Details
Year built
1961
Floors in Building
2
Number of units
2
Flooring type
Tile - Ceramic, Hardwood, Vinyl
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Dover · Keller Williams Realty
(603) 969-6632
Listed By:
Darlene Colwell-Ellis · License #042783
(603) 610-8500
Added: Aug 24
Changed: Aug 25
Last Checked: Aug 31 at 6:06AM
MLS# 5106378
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 2,404-square-foot ranch-style property on 1 acre offers a flexible duplex-style configuration, with the lower level also suited to extended living. Interior updates include two refreshed bathrooms, new flooring, and fresh paint. The home includes an open-concept living area, a three-season room, an attached garage with direct entry, and a basement. Hardwood, ceramic tile, and vinyl flooring are present, with oil-fired hot-water baseboard heating and public water service.
Outdoor features include a covered porch, shed, driveway, and backyard. Built in 1961 with wood-frame construction and a shingle roof, the property is located in Dover, NH, near shopping, restaurants, major highways, and the Seacoast. Zoning is R-12.
Outdoor features include a covered porch, shed, driveway, and backyard. Built in 1961 with wood-frame construction and a shingle roof, the property is located in Dover, NH, near shopping, restaurants, major highways, and the Seacoast. Zoning is R-12.
Key Highlights
- 2,404 SF ranch‑style property on 1 acre
- Duplex‑style layout with lower‑level extended‑living flexibility
- Two updated bathrooms, fresh paint, and new flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,404
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$488,080
$488.1K
Cap Rate 7%
$348,629
$348.6K
Cap Rate 9%
$271,156
$271.2K
Market Conditions
NOI Build-Up for 2,404 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.1K $15.00/SF
− Vacancy
−$1.2K −$0.50/SF
EGI
$34.9K $14.50/SF
− OpEx
−$10.5K −$4.35/SF
NOI
$24.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$488,080
Cap Rate 7%
$348,629
Cap Rate 9%
$271,156
Alternative Uses
Best Use
Multifamily LT 5
$348.6K
$305.1K – $406.7K
NOI $24,404 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$321.5K
$281.3K – $375.1K
NOI $22,507 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$643.1K
$562.8K – $750.3K
NOI $45,020 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
127
Businesses Nearby
Explore this area
Business Placement
Demographics for 03820, NH
32,800
Population
15,460
Households
2.1
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
27.3 sq mi
ZIP Area
1,201
Density / Sq Mi
$92,793
Median Household Income
$53,890
Median Earnings
$1,540
Median Rent
$397,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Flexible lower-level configuration, refreshed interiors, and outdoor space support residential income or extended-living use.
Where is this duplex located?
The property is located at 143 Long Hill Road Dover, NH.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,404 SF ranch‑style property on 1 acre; Duplex‑style layout with lower‑level extended‑living flexibility; Two updated bathrooms, fresh paint, and new flooring
