Building Details

Year Built 1880

Buildings 1

Listing Agency: Imperial Properties

Listed By: Lia Damm-Dennehy Show Phone

Source: Carolslocum

Added: Oct 2 Changed: Oct 5 Last Checked: Oct 4 at 2:05PM

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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 Imperial Properties

Investment Insights

Based on property information with market context.

Built in 1880, this 1,727-square-foot duplex contains two residences with separate entrances and utilities. The first-floor garden-style unit has basement storage and a washer and dryer in the private basement. Upstairs, a townhouse-style layout includes two bedrooms, a 12'7" x 13'10" bonus room, and its own washer and dryer. Off-street parking serves the property.

Improvements include heating systems installed in 2018 and 2026, a roof replacement in 2023, and chimney repairs with a new liner in 2023. The property also received a new oil tank for Unit B and a paved and sealed driveway in 2023; new water heaters are also noted. The address is within walking distance of downtown Dover shops, restaurants, and entertainment, with major travel routes nearby.

Key Highlights

• Two residences with separate utilities and entrances
• 1,727 square feet; built in 1880
• Upper unit has two bedrooms and a 12'7" x 13'10" bonus room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,531

Cap Rate

3.31%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$350,620 $350.6K

Cap Rate 7%

$250,443 $250.4K

Cap Rate 9%

$194,789 $194.8K

Market Conditions

NOI Build-Up for 1,727 SF

Gross rent

$25.9K $15.00/SF

− Vacancy

−$860 −$0.50/SF

EGI

$25.0K $14.50/SF

− OpEx

−$7.5K −$4.35/SF

NOI

$17.5K $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%

$350,620

Cap Rate 7%

$250,443

Cap Rate 9%

$194,789

Alternative Uses

Best Use

Multifamily LT 5

$250.4K

$219.1K – $292.2K (±1% cap)

NOI $17,531 @ 7.0% cap · market cap 3.31%

Second Best

Apartment 5plus

$231.0K

$202.1K – $269.5K (±1% cap)

NOI $16,169 @ 7.0% cap · market cap 3.05%

Theoretical Best

Office A

$462.0K

$404.3K – $539.0K (±1% cap)

NOI $32,342 @ 7.0% cap · market cap 6.10%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Locksmith Storage Facility Catering Service Home Appliance Store (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

1,196

Businesses Nearby

Explore this area Business Placement

Demographics for 03820, NH

32,800

Population

15,460

Households

2.1

Avg Household Size

38

Median Age

49%

College-Educated

96%

High-School Grad

27.3 sq mi

ZIP Area

1,201

Density / Sq Mi

$92,793

Median Household Income

$53,890

Median Earnings

$1,540

Median Rent

$397,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Separate utilities and entrances serve two distinct residences, with off-street parking and private laundry for each unit.

Where is this duplex located?

The property is located at 18 Maple St Dover, NH.

What is the asking price?

The asking price for this property is $530,000.

What are key features of this property?

This property features: Two residences with separate utilities and entrances; 1,727 square feet; built in 1880; Upper unit has two bedrooms and a 12'7" x 13'10" bonus room