Updated Two-Unit
For Sale
$449,000
12 Myrtle Street, Somersworth, NH 03878
Two residences offer separate utilities, refreshed interiors, stainless steel appliances, and convenient laundry improvements.
Property Size2,266 SF
Lot Size0.18 Acres
Price / SF$198.15
Days on Market8
Property Features for 12 Myrtle Street
General Information
Standard status
Active
Size
2,266 SF
Lot size
0.18 Acres
Property subtype
Multi-family
Lease Term
[]
Building Details
Year Built
1890
Tenancy
Multi
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Rochester
Listed By:
The Zoeller Group
(617) 510-4783
Source:
Lakesregionrealestate
Added: Jul 28
Changed: Aug 3
Last Checked: Aug 4 at 8:48AM
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 KW Coastal and Lakes & Mountains Realty/Rochester
Investment Insights
Based on property information with market context.
This two-unit duplex contains a pair of three-bedroom, one-bathroom residences, each served by separate utilities. Interior updates include kitchens with stainless steel appliances, new countertops, sinks, faucets, and plumbing, along with refreshed bathrooms and new flooring. Additional work includes upgraded exterior doors, basement spray foam insulation, and laundry improvements. The property was built in 1890 and sits on a 0.18-acre lot with a one-car garage and off-street parking.
Located in Somersworth, the property provides access to Route 16 as well as nearby shopping, restaurants, and other local amenities. Its two-unit configuration, independent utilities, and range of completed improvements create a practical setup for residential income use.
Located in Somersworth, the property provides access to Route 16 as well as nearby shopping, restaurants, and other local amenities. Its two-unit configuration, independent utilities, and range of completed improvements create a practical setup for residential income use.
Key Highlights
- Two 3‑bedroom, 1‑bathroom units
- Separate utilities serve each unit
- Updated kitchens with stainless steel appliances, countertops, sinks, faucets, and plumbing
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 | $34.0k | $15.00 |
| − Vacancy | −$1.1k | −$0.50 |
| EGI | $32.9k | $14.50 |
| − OpEx | −$9.9k | −$4.35 |
| NOI | $23.0k | $10.15 |
2,266 SF · lease $15.00/SF/yr · vacancy 3.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$328.6K
$287.5K – $383.4K
NOI $23,003 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$303.1K
$265.2K – $353.6K
NOI $21,215 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$606.2K
$530.5K – $707.3K
NOI $42,436 @ 7.0% cap · market cap 9.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
315
Businesses Nearby
Explore this area
Business Placement
Demographics for 03878, NH
11,919
Population
5,722
Households
2.1
Avg Household Size
40
Median Age
29%
College-Educated
95%
High-School Grad
9.8 sq mi
ZIP Area
1,216
Density / Sq Mi
$79,691
Median Household Income
$47,638
Median Earnings
$1,410
Median Rent
$295,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer separate utilities, refreshed interiors, stainless steel appliances, and convenient laundry improvements.
Where is this duplex located?
The property is located at 12 Myrtle Street Somersworth, NH.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two 3‑bedroom, 1‑bathroom units; Separate utilities serve each unit; Updated kitchens with stainless steel appliances, countertops, sinks, faucets, and plumbing
