20-22 5th St, Dover, NH 03820

Building Details

Year Built 1900 More

Listing Agency: Coldwell Banker - Peggy Carter Team

Listed By: Peggy Carter Show Phone

Source: Lyvrealty

Added: Sep 22 Changed: Oct 25 Last Checked: Oct 7 at 5:36PM

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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 Coldwell Banker - Peggy Carter Team

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Investment Insights

Based on property information with market context.

Built in 1900, this 3,784-square-foot mixed-use property spans three finished levels and includes four bathrooms, hardwood flooring, and a second-floor common kitchen. The layout is described as adaptable to duplex, three-unit, or office use, subject to verification of permitted uses with the City of Dover. The first floor has mini-split heating and cooling systems.

Recent work includes electrical, plumbing, fire-suppression, and roofing improvements. The property also offers off-street parking and sits near the beginning of Fifth Street in downtown Dover, with newly rebuilt sidewalks along the surrounding streets.

Key Highlights

• 3,784 SF mixed‑use property near the beginning of Fifth Street in downtown Dover
• Three finished levels with four bathrooms
• Layout adaptable to duplex, three‑unit, or office use, subject to permitted‑use verification

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,413

Cap Rate

5.30%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$768,260 $768.3K

Cap Rate 7%

$548,757 $548.8K

Cap Rate 9%

$426,811 $426.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,784 SF

Gross rent

$56.8K $15.00/SF

− Vacancy

−$1.9K −$0.50/SF

EGI

$54.9K $14.50/SF

− OpEx

−$16.5K −$4.35/SF

NOI

$38.4K $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%

$768,260

Cap Rate 7%

$548,757

Cap Rate 9%

$426,811

Alternative Uses

Best Use

Multifamily LT 5

$548.8K

$480.2K – $640.2K (±1% cap)

NOI $38,413 @ 7.0% cap · market cap 5.30%

Second Best

Mixed Use

$543.8K

$475.8K – $634.4K (±1% cap)

NOI $38,065 @ 7.0% cap · market cap 5.25%

Theoretical Best

Office A

$1.01M

$885.8K – $1.18M (±1% cap)

NOI $70,864 @ 7.0% cap · market cap 9.77%

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

Triplexes

Suggested Use

Top Pick Storage Facility Locksmith (Bike/Boat/Book/etc) Store Garden Center Home Appliance Store Veterinary Clinic

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

Location Intelligence

Trade Area within ½ mile

1,491

Businesses Nearby

Explore this area Business Placement

Demographics for 03820, NH

32,800

Population

15,460

Households

2.1

Avg Household Size

38

Median Age

49%

College-Educated

96%

High-School Grad

27.3 sq mi

ZIP Area

1,201

Density / Sq Mi

$92,793

Median Household Income

$53,890

Median Earnings

$1,540

Median Rent

$397,900

Median Home Value

Market

Properties on Market for Mixed-use properties in Strafford County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Flexible floor plan with off-street parking and updated building systems.

Where is this mixed-use property located?

The property is located at 20-22 5th St Dover, NH.

What is the asking price?

The asking price for this property is $725,000.

What are key features of this property?

This property features: 3,784 SF mixed‑use property near the beginning of Fifth Street in downtown Dover; Three finished levels with four bathrooms; Layout adaptable to duplex, three‑unit, or office use, subject to permitted‑use verification