Building Details

Year Built 1961

Listing Agency: KW Coastal and Lakes & Mountains Realty/Dover

Listed By: Darlene G Colwell-Ellis · License #042783 Show Phone

Source: Newhampshirehomematch

Added: Aug 24 Changed: Oct 10 Last Checked: Oct 12 at 8:15PM

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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.

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 / Yr

$24,404

Cap Rate

4.24%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $24,404 @ 7.0% cap · market cap 4.24%

Second Best

Apartment 5plus

$321.5K

$281.3K – $375.1K (±1% cap)

NOI $22,507 @ 7.0% cap · market cap 3.91%

Theoretical Best

Office A

$643.1K

$562.8K – $750.3K (±1% cap)

NOI $45,020 @ 7.0% cap · market cap 7.83%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store HVAC Service Pharmacy Auto Parts Store

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

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

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 - 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 $574,900.

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