Updated Riverfront
New
For Sale
$859,900
219 Washington Street, Dover, NH 03820
Multi-Family, Dover, NH
Property Size2,720 SF
Lot Size0.27 Acres
Price / SF$316.14
Days on Market2
Property Features for 219 Washington Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
HR
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 3, Bedroom 1, Basement, Bathroom 2, Bedroom 4, Bedroom 2, Bathroom 1
Parking features
Driveway, Assigned
Exterior features
Building, Garden Space
Appliances
Water Heater off Boiler
Lot features
Landscaped, Sidewalks, Sloping, View
Elementary school
Woodman Park Elementary School
Middle school
Dover Middle School
High school
Dover High School
Elementary school district
Dover
Middle school district
Dover
High school district
Dover
Directions
GPS or Take Spalding Turnpike to Exit 8A. Take Silver Street to a left on Arch Street. Take a right on Washington Street. The property is on the left. There is a for sale sign in front of the property.
Standard status
Active
Size
2,720 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12428
Utilities
Utilities
Cable Available
Heating system
Hot Water(Heating), Oil
Water source
Public
Water front
1
Amenities
common backyard
river rights with land dock
detached shed
EV charging station
keyless entry
laundry room
basement storage
attic storage
Building Details
Year built
1890
Floors in Building
2
Number of units
2
Flooring type
Laminate, Hardwood, Tile
Building materials
Wood Frame, Wood Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Carey Giampa, LLC/Rye
(603) 964-7000
Listed By:
Lauren Stone
(603) 235-5887
Added: Sep 14
Last Checked: Sep 15 at 2:06AM
MLS# 5109750
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 2,720-square-foot duplex on a 0.27-acre lot contains two two-bedroom apartments, each with separate utilities, private front and rear entrances, and an individual driveway. Both units have updated kitchens, newer windows, keyless entry, laundry areas, electrical improvements, and newer hot water heaters. Apartment 1 includes quartz countertops, newer appliances, recessed lighting, a remodeled bath with double sinks and a walk-in shower, basement storage, and approximately 90% new windows. Apartment 2 features a redesigned layout, quartz countertops, new cabinetry and appliances, updated flooring, a renovated three-quarter bath, a new half bath, and third-floor walk-up attic storage.
The property overlooks the Cocheco River and includes a common backyard, river rights with a land dock, a newer retaining wall, a stone walkway, and a town-approved second driveway. A detached 800+/- square foot shed with basement provides additional utility. Exterior amenities also include an EV charging station serving Apartment 2, while the building has wood-frame construction, wood siding, a shingle roof, public water, and oil-fired hot-water heating.
The property overlooks the Cocheco River and includes a common backyard, river rights with a land dock, a newer retaining wall, a stone walkway, and a town-approved second driveway. A detached 800+/- square foot shed with basement provides additional utility. Exterior amenities also include an EV charging station serving Apartment 2, while the building has wood-frame construction, wood siding, a shingle roof, public water, and oil-fired hot-water heating.
Key Highlights
- Two 2‑bedroom apartments with separate utilities and private entrances
- Cocheco River views, river rights, and a land dock
- 2,720 square feet on a 0.27‑acre lot
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
$27,612
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
3.21%
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%
$552,240
$552.2K
Cap Rate 7%
$394,457
$394.5K
Cap Rate 9%
$306,800
$306.8K
Market Conditions
NOI Build-Up for 2,720 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
$40.8K $15.00/SF
− Vacancy
−$1.4K −$0.50/SF
EGI
$39.4K $14.50/SF
− OpEx
−$11.8K −$4.35/SF
NOI
$27.6K $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%
$552,240
Cap Rate 7%
$394,457
Cap Rate 9%
$306,800
Alternative Uses
Best Use
Multifamily LT 5
$394.5K
$345.2K – $460.2K
NOI $27,612 @ 7.0% cap · market cap 3.21%
Second Best
Apartment 5plus
$363.8K
$318.3K – $424.4K
NOI $25,466 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$727.7K
$636.7K – $849.0K
NOI $50,938 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,450
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Two renovated apartments offer separate utilities, private entrances, individual driveways, and shared river views.
Where is this duplex located?
The property is located at 219 Washington Street Dover, NH.
What is the asking price?
The asking price for this property is $859,900.
What are key features of this property?
This property features: Two 2‑bedroom apartments with separate utilities and private entrances; Cocheco River views, river rights, and a land dock; 2,720 square feet on a 0.27‑acre lot
