Triplex with Updated
For Sale
Under Contract
$590,000
11 Cleveland Street, Rochester, NH 03867
Multi-Family, Rochester, NH
Property Size3,342 SF
Lot Size0.17 Acres
Price / SF$176.54
Days on Market83
Property Features for 11 Cleveland Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 6, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 5, Bedroom 2, Basement, Bathroom 3, Bedroom 3
Lot features
Level
Standard status
Active Under Contract
Size
3,342 SF
Lot size
0.17 Acres
Utilities
Utilities
Cable Available
Heating system
Natural Gas, Hot Water(Heating)
Water source
Public
Amenities
porch
washer/dryer hookups
garage
backyard
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 · RE/MAX International
(603) 431-1111
Listed By:
Andy Yau · License #074320
(603) 969-6216
Added: Jul 20
Changed: Oct 10
Last Checked: Oct 10 at 4:06PM
MLS# 5100689
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 3,342-square-foot triplex contains three apartments: one with three bedrooms, one with two bedrooms, and one with a single bedroom. Improvements include a renovated kitchen and bathroom in the two-bedroom apartment, along with updated flooring. The one-bedroom unit has updated bathroom finishes and newer flooring. Additional building features include porch space, washer and dryer hookups, a garage, and separate utilities. The property was built in 1921 and has newer windows and roof components.
Set on a 0.17-acre parcel in Rochester, the property has a backyard and on-site parking. It is zoned R2. The reported current cap rate is 8.15%.
Set on a 0.17-acre parcel in Rochester, the property has a backyard and on-site parking. It is zoned R2. The reported current cap rate is 8.15%.
Key Highlights
- Three apartments: one 3‑bedroom, one 2‑bedroom, and one 1‑bedroom unit
- 3,342 square feet on a 0.17‑acre parcel
- Current cap rate of 8.15%
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,926
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$678,520
$678.5K
Cap Rate 7%
$484,657
$484.7K
Cap Rate 9%
$376,956
$377.0K
Market Conditions
NOI Build-Up for 3,342 SF
Gross rent
$50.1K $15.00/SF
− Vacancy
−$1.7K −$0.50/SF
EGI
$48.5K $14.50/SF
− OpEx
−$14.5K −$4.35/SF
NOI
$33.9K $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%
$678,520
Cap Rate 7%
$484,657
Cap Rate 9%
$376,956
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 authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
435
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Separate utilities, a garage, and outdoor space serve this three-unit property.
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: Three apartments: one 3‑bedroom, one 2‑bedroom, and one 1‑bedroom unit; 3,342 square feet on a 0.17‑acre parcel; Current cap rate of 8.15%
