2-Unit
For Sale
$349,900
161 Blackwater Road, Somersworth, NH 03878
Multi-Family, Somersworth, NH
Property Size1,609 SF
Lot Size0.53 Acres
Price / SF$217.46
Days on Market137
Property Features for 161 Blackwater Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 1, Bedroom 2, Basement, Bathroom 2, Bathroom 1, Bedroom 4
Lot features
Level
Elementary school
Maple Wood Elementary
Middle school
Somersworth Middle School
High school
Somersworth High School
Elementary school district
Somersworth
Middle school district
Somersworth
High school district
Somersworth
Standard status
Active
Size
1,609 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
5722
Utilities
Utilities
Cable Available
Heating system
Oil
Water source
Public
Building Details
Year built
1940
Floors in Building
1
Number of units
2
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
KW Coastal and Lakes & Mountains Realty · Keller Williams Realty
(603) 610-8500
Listed By:
Joseph Citera
(603) 828-6176
Added: May 23
Changed: Oct 5
Last Checked: Oct 6 at 8:06AM
MLS# 5090596
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This single-level duplex contains two apartments, each configured with two bedrooms and one bathroom. The building measures 1,609 square feet and sits on a 0.53-acre parcel. Built in 1940, it has wood-frame construction, vinyl siding, a shingle roof, and oil heat. Public water and cable availability are listed, and parking is provided. The hot water heaters have been replaced in recent years, and the heating systems have been maintained.
Both units are occupied. One tenancy is month-to-month, while the other has a 12-month lease. The property is zoned R1 and is located in Somersworth, New Hampshire.
Both units are occupied. One tenancy is month-to-month, while the other has a 12-month lease. The property is zoned R1 and is located in Somersworth, New Hampshire.
Key Highlights
- Two apartments, each with 2 bedrooms and 1 bathroom
- 1,609‑square‑foot building on a 0.53‑acre parcel
- Single‑level building with on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,334
Cap Rate
4.67%
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
NOI $16,334 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$215.2K
$188.3K – $251.1K
NOI $15,064 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$430.5K
$376.7K – $502.2K
NOI $30,132 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Both apartments are tenant-occupied, with two bedrooms and one bathroom in each.
Where is this duplex located?
The property is located at 161 Blackwater Road Somersworth, NH.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Two apartments, each with 2 bedrooms and 1 bathroom; 1,609‑square‑foot building on a 0.53‑acre parcel; Single‑level building with on‑site parking
