Duplex with Attached
For Sale
$549,000
20 Lawrence Street, Andover, NH 01810
Multi-Family, Andover, NH
Property Size2,812 SF
Lot Size0.78 Acres
Price / SF$195.23
Days on Market28
Property Features for 20 Lawrence Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Basement, Bedroom 1, Bedroom 3
Parking features
Off Street, Covered
Patio and Porch features
Deck, Porch
Exterior features
Barn, Deck, Covered Porch, Screened Porch
Appliances
Electric Water Heater
Lot features
Level, Major Road Frontage, In Town
Elementary school district
Proctors School District
Middle school district
Proctors School District
High school district
Proctors School District
Directions
Main Street to Lawrence #20 on the right. See sign.
Standard status
Active
Size
2,812 SF
Lot size
0.78 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7622
Utilities
Heating system
Oil, Hot Water(Heating), Baseboard, Propane (Heating)
Water source
Public
Building Details
Year built
1880
Floors in Building
3
Number of units
2
Flooring type
Hardwood, Carpet, Laminate
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Roche Realty Group
(603) 279-7046
Listed By:
Richard Hagan
(800) 926-5253
Added: Sep 9
Changed: Sep 15
Last Checked: Oct 6 at 5:06AM
MLS# 5108880
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 2,812-square-foot duplex includes two distinct living units. The first-floor residence provides 1,400 square feet on one level, with hardwood and laminate flooring, tin ceilings, a propane fireplace, one bedroom, one full bathroom, a covered deck, and a walk-in closet. The 1,438-square-foot upper apartment has two bedrooms, a kitchen, living room, den, bonus room, unfinished storage, and original hardwood beneath portions of the carpeting. Separate entrances serve each unit, and laundry facilities are located on both floors.
The property sits two blocks from Proctor Academy and Andover Middle School. A two-story attached barn adds covered garage parking and storage, while the site is served by public water and a private sewer. Additional features include a screened porch, covered porch, wood-frame construction with vinyl siding, and oil and propane heating systems. The upper apartment is occupied month-to-month, with propane heating paid by the tenant.
The property sits two blocks from Proctor Academy and Andover Middle School. A two-story attached barn adds covered garage parking and storage, while the site is served by public water and a private sewer. Additional features include a screened porch, covered porch, wood-frame construction with vinyl siding, and oil and propane heating systems. The upper apartment is occupied month-to-month, with propane heating paid by the tenant.
Key Highlights
- 2,812 SF duplex with 1,400 SF first‑floor unit and 1,438 SF upper apartment
- Two‑story attached barn provides covered garage parking and storage
- Two blocks from Proctor Academy and Andover Middle School
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,392
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,840
$807.8K
Cap Rate 7%
$577,029
$577.0K
Cap Rate 9%
$448,800
$448.8K
Market Conditions
NOI Build-Up for 2,812 SF
Gross rent
$60.7K $21.60/SF
− Vacancy
−$3.0K −$1.08/SF
EGI
$57.7K $20.52/SF
− OpEx
−$17.3K −$6.16/SF
NOI
$40.4K $14.36/SF
Area
Merrimack County, NH
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,840
Cap Rate 7%
$577,029
Cap Rate 9%
$448,800
Alternative Uses
Best Use
Multifamily LT 5
$577.0K
$504.9K – $673.2K
NOI $40,392 @ 7.0% cap · market cap 7.36%
Second Best
Apartment 5plus
$531.7K
$465.3K – $620.3K
NOI $37,220 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$732.2K
$640.7K – $854.2K
NOI $51,253 @ 7.0% cap · market cap 9.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
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Business Placement
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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 - Two-unit property with separate entrances, covered outdoor space, and garage parking in an in-town setting.
Where is this duplex located?
The property is located at 20 Lawrence Street Andover, NH.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 2,812 SF duplex with 1,400 SF first‑floor unit and 1,438 SF upper apartment; Two‑story attached barn provides covered garage parking and storage; Two blocks from Proctor Academy and Andover Middle School
