Duplex with Attached
For Sale
$519,000
20 Lawrence Street, Andover, NH 03216
Multi-Family, Andover, NH
Property Size2,812 SF
Lot Size0.78 Acres
Price / SF$184.57
Days on Market51
Property Features for 20 Lawrence Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3, Basement, Bedroom 2
Parking features
Off Street, Covered
Patio and Porch features
Porch, Deck
Exterior features
Barn, Deck, Covered Porch, Screened Porch
Appliances
Electric Water Heater
Lot features
Level, Major Road Frontage, In Town
Elementary school district
Proctors School District
Middle school district
Proctors School District
High school district
Proctors School District
Directions
Main Street to Lawrence #20 on the right. See sign.
Standard status
Active
Size
2,812 SF
Lot size
0.78 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7622
Utilities
Heating system
Oil, Baseboard, Hot Water(Heating), Propane (Heating)
Water source
Public
Building Details
Year built
1880
Floors in Building
3
Number of units
2
Flooring type
Hardwood, Laminate, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Roche Realty Group
(603) 279-7046
Listed By:
Richard Hagan
(800) 926-5253
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 29 at 8:06AM
MLS# 5108880
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.
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.
This wood-frame duplex, built in 1880, has a one-bedroom first-floor residence and a separately entered upper apartment with two bedrooms, a den, and a bonus room. Interior details include hardwood and laminate flooring, tin ceilings, a propane fireplace, and laundry on both floors. Heating systems include oil-fired hot water on the first floor and a propane Monitor heater upstairs. The attached two-story barn provides covered garage parking and storage. A covered deck extends the first-floor living space.
The property has public water and a private sewer. Proctor Academy and Andover Middle School are two blocks away. The upper apartment is occupied on a month-to-month basis.
The property has public water and a private sewer. Proctor Academy and Andover Middle School are two blocks away. The upper apartment is occupied on a month-to-month basis.
Key Highlights
- Two‑unit duplex built in 1880
- First‑floor residence has 1 bedroom; upper apartment has 2 bedrooms, a den, and a bonus room
- Attached two‑story barn offers covered garage parking and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,392
Cap Rate
7.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,840
$807.8K
Cap Rate 7%
$577,029
$577.0K
Cap Rate 9%
$448,800
$448.8K
Market Conditions
NOI Build-Up for 2,812 SF
Gross rent
$60.7K $21.60/SF
− Vacancy
−$3.0K −$1.08/SF
EGI
$57.7K $20.52/SF
− OpEx
−$17.3K −$6.16/SF
NOI
$40.4K $14.36/SF
Area
Merrimack County, NH
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$807,840
Cap Rate 7%
$577,029
Cap Rate 9%
$448,800
Alternative Uses
Best Use
Multifamily LT 5
$577.0K
$504.9K – $673.2K
NOI $40,392 @ 7.0% cap · market cap 7.78%
Second Best
Apartment 5plus
$531.7K
$465.3K – $620.3K
NOI $37,220 @ 7.0% cap · market cap 7.17%
Theoretical Best
Office A
$732.2K
$640.7K – $854.2K
NOI $51,253 @ 7.0% cap · market cap 9.88%
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
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Explore this area
Business Placement
Demographics for 03216, NH
2,327
Population
1,018
Households
2.3
Avg Household Size
45
Median Age
32%
College-Educated
90%
High-School Grad
39.9 sq mi
ZIP Area
58
Density / Sq Mi
$86,875
Median Household Income
$48,176
Median Earnings
$1,257
Median Rent
$332,100
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?
Duplex - The two-unit layout includes a first-floor residence and a separately accessed upper apartment.
Where is this duplex located?
The property is located at 20 Lawrence Street Andover, NH.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Two‑unit duplex built in 1880; First‑floor residence has 1 bedroom; upper apartment has 2 bedrooms, a den, and a bonus room; Attached two‑story barn offers covered garage parking and storage
