Renovated Side-by-Side
For Sale
$689,000
17-19 Dartmouth Street, Exeter, NH 03833
Multi-Family, Exeter, NH
Property Size2,240 SF
Lot Size0.14 Acres
Price / SF$307.59
Days on Market25
Property Features for 17-19 Dartmouth Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Basement, Bathroom 4, Bedroom 4, Bedroom 6, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 5
Exterior features
Garden Space
Appliances
Natural Gas Water Heater, On Demand Water Heater, Owned Water Heater, Tankless Water Heater
Lot features
Landscaped, Level, In Town, Near Country Club, Near Golf Course, Near Paths, Near Shopping, Near Public Transport, Near Railroad, Near Hospital, Near School(s)
Elementary school
Main Street School
Middle school
Cooperative Middle School
High school
Exeter High School
Elementary school district
Exeter School District SAU #16
Middle school district
Exeter School District SAU #16
High school district
Exeter School District SAU #16
Standard status
Active
Size
2,240 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8568
Utilities
Utilities
Cable Available
Heating system
Natural Gas, Hot Water(Heating), Baseboard, Other (Heating)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Laminate, Carpet
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Exeter · Keller Williams Realty
(603) 778-8990
Listed By:
Nancy Kingston
(603) 610-8500
Added: Aug 7
Changed: Aug 20
Last Checked: Aug 31 at 3:06AM
MLS# 5103964
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 side-by-side duplex contains 2,240 square feet, with 1,120 square feet in each unit. Both residences have three bedrooms, remodeled kitchens and bathrooms, laminate and carpet flooring, and basement space. The building carries vinyl siding and a shingle roof, with garden space outdoors. Each side has separate wall-mounted hot water boilers, on-demand water heating, individual electric service, and separately metered water and sewer.
Originally built in 1900, the property underwent a comprehensive renovation in 2012 that included electrical, plumbing, roofing, siding, insulation, and sheetrock. It is located on a dead-end street near downtown Exeter, with shopping, schools, restaurants, specialty shops, and the Amtrak train depot nearby. The property is designated Residential and is lead safe inside and out.
Originally built in 1900, the property underwent a comprehensive renovation in 2012 that included electrical, plumbing, roofing, siding, insulation, and sheetrock. It is located on a dead-end street near downtown Exeter, with shopping, schools, restaurants, specialty shops, and the Amtrak train depot nearby. The property is designated Residential and is lead safe inside and out.
Key Highlights
- 2,240 square feet total, with 1,120 square feet per unit
- Two three‑bedroom townhouse‑style units
- Comprehensively renovated in 2012, including electrical, plumbing, roof, siding, insulation, and sheetrock
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
$37,735
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
5.48%
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%
$754,700
$754.7K
Cap Rate 7%
$539,071
$539.1K
Cap Rate 9%
$419,278
$419.3K
Market Conditions
NOI Build-Up for 2,240 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
$56.4K $25.20/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$53.9K $24.07/SF
− OpEx
−$16.2K −$7.22/SF
NOI
$37.7K $16.85/SF
Area
Rockingham County, NH
Vacancy
4.50%
Lease Rate
$25.20 /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%
$754,700
Cap Rate 7%
$539,071
Cap Rate 9%
$419,278
Alternative Uses
Best Use
Multifamily LT 5
$539.1K
$471.7K – $628.9K
NOI $37,735 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$485.6K
$424.9K – $566.5K
NOI $33,991 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$745.8K
$652.5K – $870.1K
NOI $52,203 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
825
Businesses Nearby
Explore this area
Business Placement
Demographics for 03833, NH
22,662
Population
9,789
Households
2.3
Avg Household Size
47
Median Age
54%
College-Educated
98%
High-School Grad
48.5 sq mi
ZIP Area
467
Density / Sq Mi
$110,566
Median Household Income
$59,220
Median Earnings
$1,632
Median Rent
$456,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Townhouse-style units offer separate utilities, updated interiors, and convenient access to downtown Exeter amenities.
Where is this duplex located?
The property is located at 17-19 Dartmouth Street Exeter, NH.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: 2,240 square feet total, with 1,120 square feet per unit; Two three‑bedroom townhouse‑style units; Comprehensively renovated in 2012, including electrical, plumbing, roof, siding, insulation, and sheetrock
