Triplex with Updated
11 Cleveland Street Rochester, NH 03867
New
11 Cleveland Street, Rochester, NH, 03867
$590,000
For Sale
$590,000
MULTI_FAMILY - Other - Rochester, NH
Property Size3,342 SF
Lot Size0.17 Acres
Price / SF$176.54
Days on Market2
Property Features for 11 Cleveland Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 4, Bedroom 2, Bathroom 3, Bedroom 1, Basement, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 5
- Standard status
- Active
- Size
- 3,342 SF
- Lot size
- 0.17 Acres
Utilities
- Utilities
- Cable Available
- Heating system
- Natural Gas, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1921
- Floors in Building
- 3
- Number of units
- 3
- Building materials
- Wood Frame, Aluminum Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
RE/MAX Shoreline
(603) 431-1111
875 Greenland Rd., Portsmouth, NH
Listed by
Andy Yau · License #074320
(603) 431-1111
Added: Jul 20 Checked: Jul 21 at 2:06 am
MLS# 5100689
Listing URL
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 triplex offers three residential units with a mix of layouts, including a two-bedroom unit with recent updates and a one-level three-bedroom unit. The two-bedroom unit features a new kitchen with stainless steel appliances, a new bathroom with vanity, and new flooring throughout. The one-level 3BR unit includes spacious bedrooms and living areas. The top one-bedroom unit has been well maintained with luxury vinyl flooring, newer tile, and an updated bathroom.
Exterior improvements include pristine vinyl siding and newer vinyl trim wrap. Additional updates noted include newer roof components and newer windows. Tenants benefit from outdoor space with a porch area and access to a backyard, along with washer/dryer hookups.
The property also provides practical on-site convenience with plenty of parking, a garage, and separate utilities. Located at 11 Cleveland Street in Rochester, NH (zoned R2), it is in a quiet residential neighborhood surrounded by single-family homes.
Exterior improvements include pristine vinyl siding and newer vinyl trim wrap. Additional updates noted include newer roof components and newer windows. Tenants benefit from outdoor space with a porch area and access to a backyard, along with washer/dryer hookups.
The property also provides practical on-site convenience with plenty of parking, a garage, and separate utilities. Located at 11 Cleveland Street in Rochester, NH (zoned R2), it is in a quiet residential neighborhood surrounded by single-family homes.
Key Highlights
- Triplex with current cap rate of 8.15% and upside potential to 10.28%
- Year built 1921 with wood‑frame construction and aluminum siding; shingle roof
- Two‑bedroom unit updates include a new kitchen with stainless steel appliances, a new bathroom vanity, and new flooring
Local 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 | $50.1k | $15.00 |
| − Vacancy | −$1.7k | −$0.50 |
| EGI | $48.5k | $14.50 |
| − OpEx | −$14.5k | −$4.35 |
| NOI | $33.9k | $10.15 |
3,342 SF · lease $15.00/SF/yr · vacancy 3.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$484.7K
$424.1K – $565.4K
NOI $33,926 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$447.0K
$391.1K – $521.5K
NOI $31,289 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$894.1K
$782.3K – $1.04M
NOI $62,586 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Triplex in residential zoning with newer exterior updates, multiple renovated units, and washer/dryer hookups.
Where is this triplex located?
The property is located at 11 Cleveland Street Rochester, NH.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Triplex with current cap rate of 8.15% and upside potential to 10.28%; Year built 1921 with wood‑frame construction and aluminum siding; shingle roof; Two‑bedroom unit updates include a new kitchen with stainless steel appliances, a new bathroom vanity, and new flooring
