Duplex with Separate
For Sale
$689,000
17-19 Dartmouth Street, Exeter, NH 03833
Each residence has three bedrooms, remodeled kitchens and baths, and its own electric service and water metering.
Property Size2,240 SF
Price / SF$307.59
Days on Market87
Property Features for 17-19 Dartmouth Street
General Information
Standard status
Active
Size
2,240 SF
Property subtype
Multifamily
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Individually Metered Utilities
electricity, water, sewer
Building Details
Year Built
1900
Year Renovated
2012
Buildings
1
Construction
townhouse-style
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Exeter
(603) 778-8990
Listed By:
Nancy Kingston · License #Nancy Kingston
(603) 396-1046
Source:
Longviewcre
Added: Aug 7
Changed: Oct 28
Last Checked: Oct 28 at 4:06PM
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 KW Coastal and Lakes & Mountains Realty/Exeter
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Investment Insights
Based on property information with market context.
This side-by-side, townhouse-style duplex contains two 1,120-square-foot residences, each with three bedrooms. A 2012 renovation replaced electrical and plumbing systems, roofing, siding, insulation, and sheetrock; kitchens and bathrooms were also remodeled. The building dates to 1900. Each side has a separate wall-mounted hot water boiler, an on-demand water heater, individual electric service, and separately metered water and sewer. The property is lead safe inside and out.
Set on a dead-end street, the duplex is steps from downtown Exeter and near shopping, schools, restaurants, specialty shops, and the Amtrak train depot.
Set on a dead-end street, the duplex is steps from downtown Exeter and near shopping, schools, restaurants, specialty shops, and the Amtrak train depot.
Key Highlights
- Two residences of 1,120 square feet each, with three bedrooms per unit
- 2012 renovation included electrical, plumbing, roof, siding, insulation, and sheetrock
- Separate electric service and metered water and sewer for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,735
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$754,700
$754.7K
Cap Rate 7%
$539,071
$539.1K
Cap Rate 9%
$419,278
$419.3K
Market Conditions
NOI Build-Up for 2,240 SF
Gross rent
$56.4K $25.20/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$53.9K $24.07/SF
− OpEx
−$16.2K −$7.22/SF
NOI
$37.7K $16.85/SF
Area
Rockingham County, NH
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$754,700
Cap Rate 7%
$539,071
Cap Rate 9%
$419,278
Alternative Uses
Best Use
Multifamily LT 5
$539.1K
$471.7K – $628.9K
NOI $37,735 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$485.6K
$424.9K – $566.5K
NOI $33,991 @ 7.0% cap · market cap 4.93%
Theoretical Best
Office A
$745.8K
$652.5K – $870.1K
NOI $52,203 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
825
Businesses Nearby
Explore this area
Business Placement
Demographics for 03833, NH
22,662
Population
9,789
Households
2.3
Avg Household Size
47
Median Age
54%
College-Educated
98%
High-School Grad
48.5 sq mi
ZIP Area
467
Density / Sq Mi
$110,566
Median Household Income
$59,220
Median Earnings
$1,632
Median Rent
$456,000
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
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, remodeled kitchens and baths, and its own electric service and water metering.
Where is this duplex located?
The property is located at 17-19 Dartmouth Street Exeter, NH.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: Two residences of 1,120 square feet each, with three bedrooms per unit; 2012 renovation included electrical, plumbing, roof, siding, insulation, and sheetrock; Separate electric service and metered water and sewer for each unit
