2 Lee Street, Somersworth, NH 03878
MULTI_FAMILY - Other - Somersworth, NH
- Added:
- Jun 3, 2026
- Days on Market:
- 14
- Last Refresh:
- Jun 16 at 7:06 pm
Property Features for 2 Lee Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R1A
- Rooms
- Basement
- Standard status
- Active
- Size
- 2,438 SF
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7101
Utilities
- Heating system
- Hot Water(Heating), Oil
- Water source
- Public
Building Details
- Year built
- 1905
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Wood Frame, Wood Exterior
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Priscilla Ford (207) 251-4762
Listing office The Aland Realty Group 175 Market Street., Portsmouth, NH (603) 501-0463
Listing date Jun 3, 2026
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.
HighLights
- 2‑family home built in 1905 with wood frame and wood exterior construction
- Shingle roof with public water supply
- Heating includes hot water (heating) and oil
- Downstairs unit includes a kitchen and an open floor plan
- Upstairs unit has a private entrance, two bedrooms, a bonus room, and in‑unit washer and dryer
- Additional barn‑style space plus a second‑story deck for the upstairs unit
Overview
Located at 2 Lee Street in Somersworth, New Hampshire, the property sits in a peaceful neighborhood close to town. The listing notes walking access to town and a nearby baseball field, along with ample parking for residents and guests. Zoning is R1A, supporting its residential income use. Lot size is listed at 0.33 acres.
For tenants or owner-occupants, the configuration offers two distinct living areas, including separate entry for the upstairs unit and dedicated indoor laundry. For buyers seeking flexibility, the additional barn-style space expands the range of uses beyond the duplex units themselves. Showings begin at the Open House on Friday 6/5 from 4–6 pm.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.2k | $21.00 |
| − Vacancy | −$6.8k | −$2.79 |
| EGI | $44.4k | $18.21 |
| − OpEx | −$11.1k | −$4.55 |
| NOI | $33.3k | $13.66 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Somersworth
- County
- Strafford
- State
- New Hampshire
- Longitude
- -70.852729
- Latitude
- 43.253974
