Two-Unit Duplex with
For Sale
$499,000
17 Academy Street, Rochester, NH 03867
Multi-Family, Rochester, NH
Property Size2,090 SF
Lot Size0.24 Acres
Price / SF$238.76
Days on Market154
Property Features for 17 Academy Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bedroom 4, Bedroom 3, Basement, Bathroom 3, Bathroom 1, Bedroom 1, Bedroom 2
Parking features
Driveway, Garage
Lot features
Level
Elementary school
William Allen School
Middle school
Rochester Middle School
High school
Spaulding High School
Elementary school district
Rochester School District
Middle school district
Rochester School District
High school district
Rochester School District
Directions
From downtown Rochester, take South Main St (NH-125) heading south. Turn right onto Academy St. Continue straight, the property will be on your right.
Standard status
Active
Size
2,090 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5799
Utilities
Utilities
Propane
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1906
Floors in Building
2
Number of units
2
Building materials
Wood Frame, Vinyl Siding
Architectural style
Other
Listing Agency:
Century 21 North East · Century 21 Real Estate
(603) 893-8230
Listed By:
Yaneris Pena
(617) 293-5235
Added: May 6
Changed: Sep 13
Last Checked: Oct 6 at 2:06AM
MLS# 5087184
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 wood-frame, vinyl-sided duplex contains 2,090 square feet and was built in 1906. The primary residence offers 3 bedrooms, 2 full bathrooms, a three-season room, and an additional bonus room suitable for office, playroom, or guest use. A private deck adds outdoor living space. The second residence includes 1 bedroom and 1 bathroom, creating a distinct two-unit configuration.
The property occupies 0.24 acres in Rochester, NH, with a large backyard, a 2-car garage, and a driveway accommodating approximately 6 vehicles. Public water serves the property, and the parcel is zoned R2. Forced-air heating and wood-frame construction further define the existing improvements.
The property occupies 0.24 acres in Rochester, NH, with a large backyard, a 2-car garage, and a driveway accommodating approximately 6 vehicles. Public water serves the property, and the parcel is zoned R2. Forced-air heating and wood-frame construction further define the existing improvements.
Key Highlights
- 2,090‑square‑foot duplex on 0.24 acres
- Two‑unit layout: main residence with 3 bedrooms and 2 bathrooms; second unit with 1 bedroom and 1 bathroom
- 2‑car garage plus driveway parking for approximately 6 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,216
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,320
$424.3K
Cap Rate 7%
$303,086
$303.1K
Cap Rate 9%
$235,733
$235.7K
Market Conditions
NOI Build-Up for 2,090 SF
Gross rent
$31.4K $15.00/SF
− Vacancy
−$1.0K −$0.50/SF
EGI
$30.3K $14.50/SF
− OpEx
−$9.1K −$4.35/SF
NOI
$21.2K $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%
$424,320
Cap Rate 7%
$303,086
Cap Rate 9%
$235,733
Alternative Uses
Best Use
Multifamily LT 5
$303.1K
$265.2K – $353.6K
NOI $21,216 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$279.5K
$244.6K – $326.1K
NOI $19,567 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$559.1K
$489.3K – $652.3K
NOI $39,140 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
625
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 - R2-zoned property combines flexible living areas with outdoor space and on-site parking.
Where is this duplex located?
The property is located at 17 Academy Street Rochester, NH.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 2,090‑square‑foot duplex on 0.24 acres; Two‑unit layout: main residence with 3 bedrooms and 2 bathrooms; second unit with 1 bedroom and 1 bathroom; 2‑car garage plus driveway parking for approximately 6 vehicles
