Updated
New
For Sale
$499,900
10 School Street, Rochester, NH 03867
Separate gas and electric meters support independent utility service for the two residences.
Property Size2,361 SF
Price / SF$211.73
Days on Market6
Property Features for 10 School Street
General Information
Standard status
Active
Size
2,361 SF
Property subtype
Multi Family
Zoning
Residential
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,103
Amenities
separate gas and electric meters
storage shed
Building Details
Year Built
1890
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
LAER Realty Partners/Chelmsford
Listed By:
Michael Page
(978) 390-1700
Source:
Laerrealty
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 5 at 3:57PM
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 LAER Realty Partners/Chelmsford
Investment Insights
Based on property information with market context.
This 2,361-square-foot duplex was built in 1890 and has updated kitchens, bathrooms, and flooring. The two residences have separate gas and electric meters. A storage shed sits on a concrete pad.
Current leases run through December and February, and tenants are current on rent. The property is located at 10 School St in Rochester, New Hampshire.
Current leases run through December and February, and tenants are current on rent. The property is located at 10 School St in Rochester, New Hampshire.
Key Highlights
- 2,361‑square‑foot duplex built in 1890
- Updated kitchens, bathrooms, and flooring throughout
- Separate gas and electric meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,967
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$479,340
$479.3K
Cap Rate 7%
$342,386
$342.4K
Cap Rate 9%
$266,300
$266.3K
Market Conditions
NOI Build-Up for 2,361 SF
Gross rent
$35.4K $15.00/SF
− Vacancy
−$1.2K −$0.50/SF
EGI
$34.2K $14.50/SF
− OpEx
−$10.3K −$4.35/SF
NOI
$24.0K $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%
$479,340
Cap Rate 7%
$342,386
Cap Rate 9%
$266,300
Alternative Uses
Best Use
Multifamily LT 5
$342.4K
$299.6K – $399.5K
NOI $23,967 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$315.8K
$276.3K – $368.4K
NOI $22,105 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$631.6K
$552.7K – $736.9K
NOI $44,215 @ 7.0% cap · market cap 8.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
590
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
Check the figures for this property
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 - Separate gas and electric meters support independent utility service for the two residences.
Where is this duplex located?
The property is located at 10 School Street Rochester, NH.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2,361‑square‑foot duplex built in 1890; Updated kitchens, bathrooms, and flooring throughout; Separate gas and electric meters
