Building Details

Year Built 1900

Buildings 2

Listing Agency: Your Next Move Realty LLC

Listed By: Peter J Morgan Show Phone

Source: Langelange

Added: Sep 4 Changed: Oct 6 Last Checked: Oct 7 at 3:27PM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This residential duplex contains two apartment units identified as Units A and B at 20 Wakefield Street, also associated with 2 Barker Court. The building was constructed in 1900 and encompasses 1,300 square feet. The property requires rehabilitation, making its physical condition an important consideration for prospective purchasers.

Showings require 24–48 hours’ notice because of tenant access. Current preapproval or proof of funds is required before appointments, and the property will most likely require a cash purchase. Interested parties should independently verify property records, unit details, condition, and other information during due diligence.

Key Highlights

• Two‑unit residential building with Units A and B
• 1,300 square feet of building area
• Constructed in 1900

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

Is this asking price fair?

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 (±1% cap)

NOI $13,197 @ 7.0% cap · market cap 3.30%

Second Best

Mixed Use

$186.8K

$163.5K – $218.0K (±1% cap)

NOI $13,077 @ 7.0% cap · market cap 3.27%

Theoretical Best

Office A

$347.8K

$304.3K – $405.8K (±1% cap)

NOI $24,345 @ 7.0% cap · market cap 6.09%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Evvard Martin DDS Dental Office

Suggested Use

Top Pick Parking Lot & Garage Bakery Computer & Electronic Repair (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Two-Unit Apartment Building For Sale

2 Barker Court, Rochester, NH 03867

$400,000

1,300 SF

View details

Two-Family Residential Income Property

125 Blackwater Rd, Rochester, NH 03867

$429,000

1,504 SF

View details

Renovated Mixed-Use Property

45 Hanson St, Rochester, NH 03867

$399,999

1,635 SF

View details

Two-Unit Duplex with Outdoor Space

89-91 Old Dover Rd, Rochester, NH 03867

$515,000

1,488 SF

View details

Duplex with Attached Barn

18 Morton Avenue, Rochester, NH 03867

$340,000

1,678 SF

View details

Mixed-Use Property with Streetfront Sign

80 Chestnut Hill Road, Rochester, NH 03867

$375,000

2,254 SF

View details

Two-Unit Duplex with Garage

17 Academy Street, Rochester, NH 03867

$499,000

2,090 SF

View details

Two-Unit Duplex with Separate Meters

10 School Street, Rochester, NH 03867

$499,900

2,361 SF

View details

Two-Unit Duplex with Fenced Yard

9 Lincoln Street, Rochester, NH 03867

$469,000

2,576 SF

View details

Victorian Triplex With Carriage House

2 Pleasant Street, Rochester, NH 03867

$549,900

3,360 SF

View details

Updated Triplex with Garage

11 Cleveland St, Rochester, NH 03867

$590,000

3,342 SF

View details

Mixed-Use Building with Character

913 Portland St, Rochester, NH 03868

$599,000

8,004 SF

View details

Frequently Asked Questions

What type of property is this?

Duplex - Two-unit residential property requiring rehabilitation, with tenant access coordinated in advance for showings.

Where is this duplex located?

The property is located at 18 & 20 Wakefield St 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 residential building with Units A and B; 1,300 square feet of building area; Constructed in 1900