Two-Unit Residential Income
11-13 Elm Street Dover, NH 03820
New
For Sale
$599,000
MULTI_FAMILY - Colonial - Dover, NH
Property Size2,304 SF
Lot Size0.09 Acres
Price / SF$259.98
Days on Market2
Property Features for 11-13 Elm Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- HR
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 4, Basement, Bedroom 3, Bedroom 2, Bathroom 1, Bedroom 6, Bedroom 5, Bathroom 2
- Standard status
- Active
- Size
- 2,304 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10822
Utilities
- Heating system
- Steam, Natural Gas, Baseboard, Hot Water(Heating)
- Cooling system
- Whole House Fan
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Wood
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Colonial
Listing Agency:
Compass New England, LLC
(603) 319-4660
Listed By:
Colby Coppage
(603) 540-5661
Added: Jul 23
Last Checked: Jul 24 at 12:06AM
MLS# 5101433
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 two-unit duplex at 11-13 Elm Street is scheduled to be delivered vacant and is positioned within Dover’s Heritage Residential District. Each unit offers three bedrooms, one full bathroom, a dedicated pantry, private entrance access, and use of basement laundry and storage. Substantial improvements completed since 2021 include a new roof, significant structural work in the basement, new gas piping, newer hot water heaters, and select plumbing and electrical upgrades. Additional updates include new kitchen flooring, refrigerators, lighting, fixtures, and refreshed interiors throughout.
The property provides four dedicated off-street parking spaces located directly in front of the building. Both units are currently furnished and have been used as short-term rentals; the next owner can explore short-term or traditional long-term rental use, or live in one unit while generating income from the other. No existing tenants or leases are in place at closing, and furnishings and related items currently used in the rentals may be included as part of a negotiated sale. Buyers are responsible for conducting their own due diligence regarding square footage, intended use, rental requirements, permits, licenses, and approvals.
The property provides four dedicated off-street parking spaces located directly in front of the building. Both units are currently furnished and have been used as short-term rentals; the next owner can explore short-term or traditional long-term rental use, or live in one unit while generating income from the other. No existing tenants or leases are in place at closing, and furnishings and related items currently used in the rentals may be included as part of a negotiated sale. Buyers are responsible for conducting their own due diligence regarding square footage, intended use, rental requirements, permits, licenses, and approvals.
Key Highlights
- Two‑unit property with Colonial style, built in 1900, delivered vacant at closing
- Substantial improvements since 2021: new roof, basement structural work, and new gas piping
- Newer hot water heaters plus select plumbing and electrical updates
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 | $34.6k | $15.00 |
| − Vacancy | −$1.1k | −$0.50 |
| EGI | $33.4k | $14.50 |
| − OpEx | −$10.0k | −$4.35 |
| NOI | $23.4k | $10.15 |
2,304 SF · lease $15.00/SF/yr · vacancy 3.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$334.1K
$292.4K – $389.8K
NOI $23,389 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$308.2K
$269.6K – $359.5K
NOI $21,571 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$616.4K
$539.3K – $719.1K
NOI $43,147 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Vacant two-unit duplex with three bedrooms per unit, private entrances, basement laundry access, and four off-street parking spaces.
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: Two‑unit property with Colonial style, built in 1900, delivered vacant at closing; Substantial improvements since 2021: new roof, basement structural work, and new gas piping; Newer hot water heaters plus select plumbing and electrical updates
