Duplex with Attached Two-Story
For Sale
$340,000
18 Morton Avenue, Rochester, NH 03867
Two-unit duplex offers separate bedroom/bathroom layouts, plus a two-story barn and yard for practical day-to-day use.
Property Size1,678 SF
Price / SF$202.62
Days on Market113
Property Features for 18 Morton Avenue
General Information
Standard status
Active
Size
1,678 SF
Property subtype
Multi-Family
Zoning
R2
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,146
Building Details
Year Built
1902
Stories
1
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Wolfeboro
(603) 610-8560
Listed By:
Emily Cantwell · License #BA926652
(603) 833-6965
Source:
Churchillprop
Added: Jun 20
Changed: Oct 10
Last Checked: Oct 9 at 6:24PM
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/Wolfeboro
Investment Insights
Based on property information with market context.
This duplex provides two separate residential units with distinct bedroom and bathroom configurations. The upper unit includes two bedrooms and one bathroom. The lower unit includes one bedroom and one bathroom and features a fully enclosed sunroom. Attached to the duplex is a two-story barn that offers additional storage and is currently accessible to both tenants. Outside, there is a yard suited to gardening and outdoor use. Recent updates include newer siding and a newer roof.
The property is located on a quiet dead-end street, positioned privately while still being only minutes from downtown Rochester’s shops, restaurants, and local amenities.
For buyers seeking an owner-occupied setup or a rental-focused investment, the unit mix and functional features such as the enclosed sunroom and shared-access barn can support flexible living arrangements and everyday storage needs. The newer siding and roof are recent improvements that may help reduce near-term maintenance concerns.
The property is located on a quiet dead-end street, positioned privately while still being only minutes from downtown Rochester’s shops, restaurants, and local amenities.
For buyers seeking an owner-occupied setup or a rental-focused investment, the unit mix and functional features such as the enclosed sunroom and shared-access barn can support flexible living arrangements and everyday storage needs. The newer siding and roof are recent improvements that may help reduce near-term maintenance concerns.
Key Highlights
- Two‑unit duplex built in 1902 with separate upper and lower unit bedroom/bathroom layouts
- Upper unit has 2 bedrooms and 1 bathroom
- Lower unit has 1 bedroom, 1 bathroom, plus a fully enclosed sunroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,034
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,680
$340.7K
Cap Rate 7%
$243,343
$243.3K
Cap Rate 9%
$189,267
$189.3K
Market Conditions
NOI Build-Up for 1,678 SF
Gross rent
$25.2K $15.00/SF
− Vacancy
−$836 −$0.50/SF
EGI
$24.3K $14.50/SF
− OpEx
−$7.3K −$4.35/SF
NOI
$17.0K $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%
$340,680
Cap Rate 7%
$243,343
Cap Rate 9%
$189,267
Alternative Uses
Best Use
Multifamily LT 5
$243.3K
$212.9K – $283.9K
NOI $17,034 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$224.4K
$196.4K – $261.8K
NOI $15,710 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$448.9K
$392.8K – $523.7K
NOI $31,424 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
Explore this area
Business Placement
Demographics for 03867, NH
22,369
Population
10,458
Households
2.1
Avg Household Size
44
Median Age
25%
College-Educated
93%
High-School Grad
28.4 sq mi
ZIP Area
788
Density / Sq Mi
$74,397
Median Household Income
$42,613
Median Earnings
$1,217
Median Rent
$259,200
Median Home Value
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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 - Two-unit duplex offers separate bedroom/bathroom layouts, plus a two-story barn and yard for practical day-to-day use.
Where is this duplex located?
The property is located at 18 Morton Avenue Rochester, NH.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1902 with separate upper and lower unit bedroom/bathroom layouts; Upper unit has 2 bedrooms and 1 bathroom; Lower unit has 1 bedroom, 1 bathroom, plus a fully enclosed sunroom
