Two-Unit Apartment Building For
For Sale
$400,000
18 & 20 Wakefield Street, Rochester, NH 03867
Two-unit apartment building, tenant occupied, in walkable Rochester, NH.
Property Size1,300 SF
Price / SF$307.69
Days on Market241
Property Features for 18 & 20 Wakefield Street
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Multi-Family
Zoning
DTC
Taxes and HOA fees
Annual Taxes
$7,290
Building Details
Year Built
1900
Stories
2
Listing Agency:
Your Next Move Realty LLC
(603) 441-4034
Listed By:
Peter Morgan
(603) 231-6137
Source:
Churchillprop
Added: Feb 18
Changed: Oct 10
Last Checked: Oct 16 at 6:36AM
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 Your Next Move Realty LLC
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Investment Insights
Based on property information with market context.
This is a two-unit apartment building that is currently tenant occupied. Showings may be limited based on tenant availability. The address will be changed to 20 Wakefield Street, Units A & B. All information has been obtained from the current property record cards, and all parties should perform their own due diligence for accuracy. A 24-48 hour notice is required for showings based on tenant access. Current preapproval or proof of funds is required prior to any showings. The property is likely to require cash or a 203K loan. The location has a bike score of 62, indicating it is bikeable, and a walk score of 82, indicating it is very walkable.
Key Highlights
- Two‑unit apartment building
- Very Walkable location (Walk Score: 82)
- Includes additional property (MLS#5077609) in sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,197
Cap Rate
3.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$263,940
$263.9K
Cap Rate 7%
$188,529
$188.5K
Cap Rate 9%
$146,633
$146.6K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$19.5K $15.00/SF
− Vacancy
−$647 −$0.50/SF
EGI
$18.9K $14.50/SF
− OpEx
−$5.7K −$4.35/SF
NOI
$13.2K $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%
$263,940
Cap Rate 7%
$188,529
Cap Rate 9%
$146,633
Alternative Uses
Best Use
Multifamily LT 5
$188.5K
$165.0K – $220.0K
NOI $13,197 @ 7.0% cap · market cap 3.30%
Second Best
Apartment 5plus
$173.9K
$152.1K – $202.9K
NOI $12,171 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$347.8K
$304.3K – $405.8K
NOI $24,345 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
657
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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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 - Two-unit apartment building, tenant occupied, in walkable Rochester, NH.
Where is this duplex located?
The property is located at 18 & 20 Wakefield Street Rochester, NH.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two‑unit apartment building; Very Walkable location (Walk Score: 82); Includes additional property (MLS#5077609) in sale
