Two-Unit Residential Income
11-13 Elm Street Dover, NH 03820
New
For Sale
$599,000
Vacant two-unit property with three-bedroom units, private entrances, and off-street parking in front.
Property Size3,104 SF
Price / SF$192.98
Days on Market3
Property Features for 11-13 Elm Street
General Information
- Standard status
- Active
- Size
- 3,104 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1900
Listing Agency:
Compass New England, LLC
(415) 757-9445
Listed By:
Colby Coppage
(415) 757-9445
Source:
Threehillsres
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 25 at 5:27PM
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 Compass New England, LLC
Investment Insights
Based on property information with market context.
This two-unit residential income property will be delivered vacant and features substantial improvements completed since 2021. Updates include a new roof, significant structural work in the basement, new gas piping, newer hot water heaters, and select plumbing and electrical improvements. Interior upgrades include new kitchen flooring, refrigerators, lighting, fixtures, and refreshed interiors throughout.
Each spacious unit includes three bedrooms, one full bathroom, a dedicated pantry, a private entrance, and access to basement laundry and storage. The property also provides four dedicated off-street parking spaces located directly in front. Both units are currently furnished and have been used as short-term rentals by the seller.
With no existing tenants or leases at closing, the next owner can explore short-term rental use or traditional long-term rental use, or live in one unit while generating income from the other. Furnishings and other items used for the rentals may be included as part of a negotiated sale.
Each spacious unit includes three bedrooms, one full bathroom, a dedicated pantry, a private entrance, and access to basement laundry and storage. The property also provides four dedicated off-street parking spaces located directly in front. Both units are currently furnished and have been used as short-term rentals by the seller.
With no existing tenants or leases at closing, the next owner can explore short-term rental use or traditional long-term rental use, or live in one unit while generating income from the other. Furnishings and other items used for the rentals may be included as part of a negotiated sale.
Key Highlights
- Vacant two‑unit property with each unit offering 3 bedrooms and 1 full bathroom
- Separate private entrances for each unit, plus shared basement laundry and storage access
- Substantial improvements since 2021: new roof, basement structural work, new gas piping, and newer hot water heaters
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.6k | $15.00 |
| − Vacancy | −$1.5k | −$0.50 |
| EGI | $45.0k | $14.50 |
| − OpEx | −$13.5k | −$4.35 |
| NOI | $31.5k | $10.15 |
3,104 SF · lease $15.00/SF/yr · vacancy 3.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$450.1K
$393.9K – $525.2K
NOI $31,510 @ 7.0% cap · market cap 5.26%
Second Best
Apartment 5plus
$415.2K
$363.3K – $484.4K
NOI $29,061 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$830.4K
$726.6K – $968.8K
NOI $58,129 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Vacant two-unit property with three-bedroom units, private entrances, and off-street parking in front.
Where is this duplex located?
The property is located at 11-13 Elm Street Dover, NH.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Vacant two‑unit property with each unit offering 3 bedrooms and 1 full bathroom; Separate private entrances for each unit, plus shared basement laundry and storage access; Substantial improvements since 2021: new roof, basement structural work, new gas piping, and newer hot water heaters
