Historic Multifamily Income
39 New York St Dover, NH 03820
New
For Sale
$549,000
Historic 2-unit multifamily building is fully leased, totaling 2,868 SF, and sits in RM-U zoning.
Property Size2,868 SF
Price / SF$191.42
Days on Market4
Property Features for 39 New York St
General Information
- Standard status
- Active
- Size
- 2,868 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1840
Listing Agency:
KW Coastal Land & Commercial Group
(603) 707-2319
Listed By:
Ethan Ash
(603) 707-2319
Source:
Elliman
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 23 at 7:12AM
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 Land & Commercial Group
Investment Insights
Based on property information with market context.
This historic multifamily property was constructed in 1840 and totals 2,868 SF. The building consists of two fully-leased units, supporting 100% occupancy.
Set in Dover, the property is offered for sale with RM-U zoning noted in the remarks. BikeScore is 19 and WalkScore is 50, indicating a generally car-dependent area.
As presented, the asset is a low-rise, garden-style multifamily opportunity in maintained condition with steady in-place tenancy across both units.
Set in Dover, the property is offered for sale with RM-U zoning noted in the remarks. BikeScore is 19 and WalkScore is 50, indicating a generally car-dependent area.
As presented, the asset is a low-rise, garden-style multifamily opportunity in maintained condition with steady in-place tenancy across both units.
Key Highlights
- Historic 2‑unit multifamily building built in 1840 at 39 New York St, Dover, NH
- Total building size of 2,868 SF with 2 fully leased units and 100% occupancy
- Multifamily property located in RM‑U zoning
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 | $43.0k | $15.00 |
| − Vacancy | −$1.4k | −$0.50 |
| EGI | $41.6k | $14.50 |
| − OpEx | −$12.5k | −$4.35 |
| NOI | $29.1k | $10.15 |
2,868 SF · lease $15.00/SF/yr · vacancy 3.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$415.9K
$363.9K – $485.2K
NOI $29,114 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$383.6K
$335.6K – $447.5K
NOI $26,851 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$767.3K
$671.4K – $895.2K
NOI $53,710 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Historic 2-unit multifamily building is fully leased, totaling 2,868 SF, and sits in RM-U zoning.
Where is this duplex located?
The property is located at 39 New York St Dover, NH.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Historic 2‑unit multifamily building built in 1840 at 39 New York St, Dover, NH; Total building size of 2,868 SF with 2 fully leased units and 100% occupancy; Multifamily property located in RM‑U zoning
