Victorian Triplex With Carriage
2 Pleasant Street, Rochester, NH 03867
For Sale
$549,900
Two-building income property with period details, separate utilities, dedicated parking, and a mix of long-term and value-add units.
Property Size3,360 SF
Lot Size0.30 Acres
Price / SF$163.66
Days on Market200
Property Features for 2 Pleasant Street
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
RE/MAX Shoreline
Listed By:
Andy Yau · License NH #074320
(603) 969-6216
Source:
Killingtonpicorealty
Added: Apr 29
Changed: Nov 12
Last Checked: Nov 12 at 8:36AM
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 RE/MAX Shoreline
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1881, this Victorian-era triplex comprises a 2,544-square-foot main duplex and an 816-square-foot carriage house on a 0.3-acre corner lot. The property includes three distinct living units, separate utilities, young heating systems, and ample parking. Exterior improvements include a new roof, blue vinyl siding, and replacement windows.
The lower main-house residence measures nearly 1,500 square feet and includes hardwood flooring, crown molding, tray ceilings, and multiple rooms that can accommodate separate living and dining areas. The carriage house provides open-concept living, hardwood floors, wood trim, an upper loft bedroom, a private driveway, and dedicated parking. The third unit has a three-level townhouse-style arrangement, front porch, and fenced outdoor area. One unit is occupied by a long-term tenant, while another presents an opportunity for updating. The property is near downtown Rochester, Spaulding High School, restaurants, convenience stores, major routes, Hanson Pines trails, and the Cocheco River.
The lower main-house residence measures nearly 1,500 square feet and includes hardwood flooring, crown molding, tray ceilings, and multiple rooms that can accommodate separate living and dining areas. The carriage house provides open-concept living, hardwood floors, wood trim, an upper loft bedroom, a private driveway, and dedicated parking. The third unit has a three-level townhouse-style arrangement, front porch, and fenced outdoor area. One unit is occupied by a long-term tenant, while another presents an opportunity for updating. The property is near downtown Rochester, Spaulding High School, restaurants, convenience stores, major routes, Hanson Pines trails, and the Cocheco River.
Key Highlights
- Three‑unit property with a 2,544 SF main duplex and 816 SF carriage house
- 0.3‑acre corner lot with two separate buildings
- Main lower unit spans nearly 1,500 SF and includes hardwood floors, crown molding, and tray ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,109
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$682,180
$682.2K
Cap Rate 7%
$487,271
$487.3K
Cap Rate 9%
$378,989
$379.0K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$50.4K $15.00/SF
− Vacancy
−$1.7K −$0.50/SF
EGI
$48.7K $14.50/SF
− OpEx
−$14.6K −$4.35/SF
NOI
$34.1K $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%
$682,180
Cap Rate 7%
$487,271
Cap Rate 9%
$378,989
Alternative Uses
Best Use
Multifamily LT 5
$487.3K
$426.4K – $568.5K
NOI $34,109 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$449.4K
$393.2K – $524.3K
NOI $31,458 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$898.9K
$786.5K – $1.05M
NOI $62,923 @ 7.0% cap · market cap 11.44%
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
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
615
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two-building income property with period details, separate utilities, dedicated parking, and a mix of long-term and value-add units.
Where is this triplex located?
The property is located at 2 Pleasant Street Rochester, NH.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Three‑unit property with a 2,544 SF main duplex and 816 SF carriage house; 0.3‑acre corner lot with two separate buildings; Main lower unit spans nearly 1,500 SF and includes hardwood floors, crown molding, and tray ceilings
