Updated
New
For Sale
$569,900
22 Highland Street, Rochester, NH 03867
Multi-Family, Rochester, NH
Property Size2,466 SF
Lot Size0.21 Acres
Price / SF$231.10
Days on Market7
Property Features for 22 Highland Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 3, Bathroom 3, Bedroom 1, Basement, Bathroom 2, Bedroom 2, Bathroom 1
Parking features
Open, Assigned
Patio and Porch features
Patio, Deck
Exterior features
Barn, Building, Deck, Dog Fence, Full Fence, Invisible Pet Fence, Partial Fence, Garden Space, Guest House, Outbuilding, Patio
Fencing
Fenced, Partial
Appliances
Separate Water Heater
Lot features
Open, In Town, Near Paths, Neighborhood
Elementary school
East Rochester School
Middle school
Rochester Middle School
High school
Spaulding High School
Elementary school district
Rochester School District
Middle school district
Rochester School District
High school district
Rochester School District
Directions
Take exit 16 from NH-16 north, and then take route 11 to Highland St. Property will be on the right
Standard status
Active
Size
2,466 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2026
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1906
Floors in Building
2
Number of units
3
Building materials
Timber Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Additional Structures
Outbuilding, Guest House
Listing Agency:
RE/MAX Shoreline · RE/MAX International
(603) 431-1111
Listed By:
Andy Yau · License #074320
(603) 969-6216
Added: Sep 29
Changed: Oct 4
Last Checked: Oct 5 at 10:06PM
MLS# 5112001
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.
Investment Insights
Based on property information with market context.
This 1906 triplex contains 2,466 square feet across three residential units on a 0.21-acre lot. Improvements include a new roof, vinyl replacement windows and trim, refreshed decks, and updated flooring, kitchens, and bathrooms. The main unit has a new furnace with central air conditioning. A detached garage has a separate electrical panel; the property also includes a shed and fenced backyard.
Four individual driveways provide dedicated parking. The property is zoned R2 and has public water and sewer. Route 16 is accessible from the property, and Portsmouth is a short drive away. The stated cap rate is 9.26%.
Four individual driveways provide dedicated parking. The property is zoned R2 and has public water and sewer. Route 16 is accessible from the property, and Portsmouth is a short drive away. The stated cap rate is 9.26%.
Key Highlights
- Three‑unit property with 2,466 square feet on 0.21 acres
- Stated cap rate of 9.26%
- Separate utilities and four individual driveways
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,033
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,660
$500.7K
Cap Rate 7%
$357,614
$357.6K
Cap Rate 9%
$278,144
$278.1K
Market Conditions
NOI Build-Up for 2,466 SF
Gross rent
$37.0K $15.00/SF
− Vacancy
−$1.2K −$0.50/SF
EGI
$35.8K $14.50/SF
− OpEx
−$10.7K −$4.35/SF
NOI
$25.0K $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%
$500,660
Cap Rate 7%
$357,614
Cap Rate 9%
$278,144
Alternative Uses
Best Use
Multifamily LT 5
$357.6K
$312.9K – $417.2K
NOI $25,033 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$329.8K
$288.6K – $384.8K
NOI $23,088 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$659.7K
$577.3K – $769.7K
NOI $46,181 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
97
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units have separate utilities, four individual driveways, and a detached garage.
Where is this triplex located?
The property is located at 22 Highland Street Rochester, NH.
What is the asking price?
The asking price for this property is $569,900.
What are key features of this property?
This property features: Three‑unit property with 2,466 square feet on 0.21 acres; Stated cap rate of 9.26%; Separate utilities and four individual driveways
