Duplex with Attached
18 Morton Avenue, Rochester, NH 03867
For Sale
$340,000
Multi-Family, Rochester, NH
Property Size1,678 SF
Lot Size0.11 Acres
Price / SF$202.62
Days on Market157
Property Features for 18 Morton Avenue
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Patio and Porch features
Exterior features
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Architectural style
Additional Structures
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Wolfeboro · Keller Williams Realty
Listed By:
Emily Cantwell · License NH BA926652
(603) 610-8500
Added: Jun 11
Changed: Nov 5
Last Checked: Nov 14 at 12:06AM
MLS# 5094293
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.
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Investment Insights
Based on property information with market context.
Built in 1902, this 1,678-square-foot duplex has two apartments: an upper unit with two bedrooms and one bathroom, and a lower unit with one bedroom, one bathroom, and an enclosed sunroom. A two-story barn is attached to the residence and provides storage accessible to both units. The property also includes a porch, garden space, driveway parking, and a 0.11-acre lot. Recent improvements include newer siding and roofing.
The residence is on a dead-end street in Rochester, with downtown shops, restaurants, and other local amenities a short drive away. Public water is available, and the property is zoned R2.
The residence is on a dead-end street in Rochester, with downtown shops, restaurants, and other local amenities a short drive away. Public water is available, and the property is zoned R2.
Key Highlights
- Two apartments: upper unit has 2 bedrooms and 1 bathroom; lower unit has 1 bedroom, 1 bathroom, and an enclosed sunroom
- 1,678‑square‑foot building on a 0.11‑acre lot
- Attached two‑story barn with storage access for both units
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
590
Businesses Nearby
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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
$259,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Strafford County, NH
Properties on Market for Duplexes in Strafford County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct apartment layouts include a sunroom in the lower unit and shared access to the barn.
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 apartments: upper unit has 2 bedrooms and 1 bathroom; lower unit has 1 bedroom, 1 bathroom, and an enclosed sunroom; 1,678‑square‑foot building on a 0.11‑acre lot; Attached two‑story barn with storage access for both units
