7-Unit Brick Apartment
For Sale
$1,500,000
1 Green Street, Dover, NH 03820
The fully leased property offers a six-to-one mix of one- and two-bedroom apartments, with parking on site.
Property Size4,900 SF
Price / SF$306.12
Days on Market9
Property Features for 1 Green Street
General Information
Standard status
Active
Size
4,900 SF
Property subtype
Multi-family
Occupancy
100%
Units
Unit Mix
6 x 1BR, 1 x 2BR
Multifamily Units
7
Building Details
Year Built
1977
Construction
brick
Listing Agency:
Arthur Thomas Properties
Listed By:
Paula Igoe
(603) 978-4909
Source:
Profoundrealestate
Added: Oct 16
Changed: Oct 23
Last Checked: Oct 23 at 11:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Arthur Thomas Properties
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Investment Insights
Based on property information with market context.
This 4,900-square-foot brick apartment building dates to 1977 and contains seven units: six one-bedroom apartments and one two-bedroom apartment. The property is fully leased and has on-site parking. Zoning is CBD=G.
The building is at 1 Green Street in Dover, within walking distance of downtown, including restaurants, parks, shops, and other local amenities. Walking trails are also nearby.
The building is at 1 Green Street in Dover, within walking distance of downtown, including restaurants, parks, shops, and other local amenities. Walking trails are also nearby.
Key Highlights
- Seven apartments: six one‑bedroom units and one two‑bedroom unit
- 4,900 square feet of building area
- Brick construction; built in 1977
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,876
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$917,520
$917.5K
Cap Rate 7%
$655,371
$655.4K
Cap Rate 9%
$509,733
$509.7K
Market Conditions
NOI Build-Up for 4,900 SF
Gross rent
$86.4K $17.64/SF
− Vacancy
−$3.0K −$0.62/SF
EGI
$83.4K $17.02/SF
− OpEx
−$37.5K −$7.66/SF
NOI
$45.9K $9.36/SF
Area
Strafford County, NH
Vacancy
3.50%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$917,520
Cap Rate 7%
$655,371
Cap Rate 9%
$509,733
Alternative Uses
Best Use
Apartment 5plus
$655.4K
$573.5K – $764.6K
NOI $45,876 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,763 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
7
Residential units
100%
Occupancy
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - The fully leased property offers a six-to-one mix of one- and two-bedroom apartments, with parking on site.
Where is this apartment building located?
The property is located at 1 Green Street Dover, NH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Seven apartments: six one‑bedroom units and one two‑bedroom unit; 4,900 square feet of building area; Brick construction; built in 1977
