Updated Duplex-Style
New
For Sale
$595,000
143 Long Hill Rd, Dover, NH 03820
Flexible residential layout with refreshed interiors, an attached garage, and outdoor space near shopping, dining, and major highways.
Property Size2,404 SF
Price / SF$247.50
Days on Market4
Property Features for 143 Long Hill Rd
General Information
Standard status
Active
Size
2,404 SF
Property subtype
Multi-Family
Amenities
attached garage
three-season room
Building Details
Year Built
1961
Listing Agency:
Laura Scaccia Of Exp Realty
(207) 705-5755
Listed By:
Rania Elsherif
(207) 705-5755
Source:
Rania-elsherif
Added: Aug 26
Changed: Aug 28
Last Checked: Aug 26 at 12:52PM
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 Laura Scaccia Of Exp Realty
Investment Insights
Based on property information with market context.
This 2,404-square-foot residential property, built in 1961, offers a flexible layout that can support a duplex-style arrangement or extended living on the lower level. Recent updates include two bathrooms, fresh paint, and new flooring throughout. The home also includes an attached garage with direct entry and a three-season room connecting to the open-concept living area.
Outdoor space includes a backyard suited to relaxation and entertaining. The property is located near shopping, restaurants, major highways, and the Seacoast, combining updated interior finishes with adaptable residential functionality.
Outdoor space includes a backyard suited to relaxation and entertaining. The property is located near shopping, restaurants, major highways, and the Seacoast, combining updated interior finishes with adaptable residential functionality.
Key Highlights
- 2,404 SF property built in 1961
- Layout supports a duplex‑style setup or lower‑level extended living arrangement
- Two updated bathrooms, fresh paint, and new flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,404
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$488,080
$488.1K
Cap Rate 7%
$348,629
$348.6K
Cap Rate 9%
$271,156
$271.2K
Market Conditions
NOI Build-Up for 2,404 SF
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.
Gross rent
$36.1K $15.00/SF
− Vacancy
−$1.2K −$0.50/SF
EGI
$34.9K $14.50/SF
− OpEx
−$10.5K −$4.35/SF
NOI
$24.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$488,080
Cap Rate 7%
$348,629
Cap Rate 9%
$271,156
Alternative Uses
Best Use
Multifamily LT 5
$348.6K
$305.1K – $406.7K
NOI $24,404 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$321.5K
$281.3K – $375.1K
NOI $22,507 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$643.1K
$562.8K – $750.3K
NOI $45,020 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
127
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Flexible residential layout with refreshed interiors, an attached garage, and outdoor space near shopping, dining, and major highways.
Where is this duplex located?
The property is located at 143 Long Hill Rd Dover, NH.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,404 SF property built in 1961; Layout supports a duplex‑style setup or lower‑level extended living arrangement; Two updated bathrooms, fresh paint, and new flooring throughout
