Spacious Two-Family
For Sale
$499,000
17 Academy Street, Rochester, NH 03867
Well-maintained two-family property with rental income potential.
Property Size2,090 SF
Price / SF$238.76
Days on Market152
Property Features for 17 Academy Street
General Information
Standard status
Active
Size
2,090 SF
Property subtype
Multi-Family
Zoning
R2
Building Details
Year Built
1906
Stories
2
Listing Agency:
Century 21 North East
(800) 844-7653
Listed By:
Yaneris Pena
(603) 820-9525
Source:
Churchillprop
Added: May 8
Changed: Oct 1
Last Checked: Oct 5 at 4:41PM
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 Century 21 North East
Investment Insights
Based on property information with market context.
This well-maintained two-family property features a spacious main unit with 3 bedrooms and 2 full bathrooms. The layout is flexible and functional, including a bright three-season room and an additional bonus room suitable for a home office, playroom, or guest space. A private deck adds to the unit's appeal. The second unit offers 1 bedroom and 1 bathroom, providing rental income potential. The property includes a two-car garage and a large driveway with parking for approximately 6 vehicles. The expansive backyard offers space for outdoor entertaining, gardening, or gatherings. The property is located in a very walkable area with a walk score of 82 and a bikeable area with a bike score of 51.
Key Highlights
- Main unit features 3 bedrooms and 2 full bathrooms with flexible layout.
- Second unit provides rental income potential.
- Large driveway with parking for approximately 6 vehicles.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,216
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,320
$424.3K
Cap Rate 7%
$303,086
$303.1K
Cap Rate 9%
$235,733
$235.7K
Market Conditions
NOI Build-Up for 2,090 SF
Gross rent
$31.4K $15.00/SF
− Vacancy
−$1.0K −$0.50/SF
EGI
$30.3K $14.50/SF
− OpEx
−$9.1K −$4.35/SF
NOI
$21.2K $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%
$424,320
Cap Rate 7%
$303,086
Cap Rate 9%
$235,733
Alternative Uses
Best Use
Multifamily LT 5
$303.1K
$265.2K – $353.6K
NOI $21,216 @ 7.0% cap · market cap 4.25%
Second Best
Apartment 5plus
$279.5K
$244.6K – $326.1K
NOI $19,567 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$559.1K
$489.3K – $652.3K
NOI $39,140 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
625
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
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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 - Well-maintained two-family property with rental income potential.
Where is this duplex located?
The property is located at 17 Academy Street Rochester, NH.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Main unit features **3 bedrooms and 2 full bathrooms** with flexible layout.; Second unit provides rental income potential.; Large driveway with parking for approximately 6 vehicles.**
