Building Details

Year Built 1940

Buildings 1

Stories 1

Tenancy Multi

Listing Agency: Eileen Difeo Of Coldwell Banker Lifestyles- Conway

Listed By: Dempsey Realty Group Show Phone

Source: Dempseyteam

Added: Oct 4 Last Checked: Oct 5 at 5:53PM

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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 Eileen Difeo Of Coldwell Banker Lifestyles- Conway

Investment Insights

Based on property information with market context.

Built in 1940, this 1,609-square-foot duplex has a single-level configuration and sits on slightly more than half an acre. Each apartment includes two bedrooms and one bathroom, and both units are occupied. Recent hot water heaters and maintained heating systems are among the building’s reported features.

The property is in Somersworth, New Hampshire, at 161 Blackwater Road. One apartment is occupied under a month-to-month arrangement; the other has a 12-month lease. On-site parking is available.

Key Highlights

• Two occupied units, each with 2 bedrooms and 1 bathroom
• 1,609 square feet on just over half an acre
• Single‑level building constructed in 1940

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,334

Cap Rate

4.30%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$326,680 $326.7K

Cap Rate 7%

$233,343 $233.3K

Cap Rate 9%

$181,489 $181.5K

Market Conditions

NOI Build-Up for 1,609 SF

Gross rent

$24.1K $15.00/SF

− Vacancy

−$801 −$0.50/SF

EGI

$23.3K $14.50/SF

− OpEx

−$7.0K −$4.35/SF

NOI

$16.3K $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%

$326,680

Cap Rate 7%

$233,343

Cap Rate 9%

$181,489

Alternative Uses

Best Use

Multifamily LT 5

$233.3K

$204.2K – $272.2K (±1% cap)

NOI $16,334 @ 7.0% cap · market cap 4.30%

Second Best

Apartment 5plus

$215.2K

$188.3K – $251.1K (±1% cap)

NOI $15,064 @ 7.0% cap · market cap 3.97%

Theoretical Best

Office A

$430.5K

$376.7K – $502.2K (±1% cap)

NOI $30,132 @ 7.0% cap · market cap 7.93%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency HVAC Service Pharmacy Parking Lot & Garage Storage Facility (Bike/Boat/Book/etc) 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.

Lease Details

2

Residential units

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

321

Businesses Nearby

Explore this area Business Placement

Demographics for 03878, NH

11,919

Population

5,722

Households

2.1

Avg Household Size

40

Median Age

29%

College-Educated

95%

High-School Grad

9.8 sq mi

ZIP Area

1,216

Density / Sq Mi

$79,691

Median Household Income

$47,638

Median Earnings

$1,410

Median Rent

$295,200

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 - A single-level layout pairs two occupied apartments with on-site parking.

Where is this duplex located?

The property is located at 161 Blackwater Rd Somersworth, NH.

What is the asking price?

The asking price for this property is $379,900.

What are key features of this property?

This property features: Two occupied units, each with 2 bedrooms and 1 bathroom; 1,609 square feet on just over half an acre; Single‑level building constructed in 1940