Two-Unit Duplex with Separate
33-35 River Street, Rochester, NH 03867
For Sale
$445,000
Two distinct residential layouts include individual laundry areas, storage, and outdoor decks.
Property Size2,574 SF
Price / SF$172.88
Days on Market11
Property Features for 33-35 River Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Building Details
Year Built
Buildings
Stories
Listing Agency:
RE/MAX Shoreline
Listed By:
Beverly Brooks · License #10726
(603) 770-7039
Source:
Greatislandrealty
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 8 at 6:49AM
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
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Investment Insights
Based on property information with market context.
This 2,574-square-foot duplex in Rochester contains two apartments, with three bedrooms in one and four in the other. The three-bedroom unit features an updated kitchen with granite counters, a renovated bath, pine flooring, and an open first-floor plan. The four-bedroom apartment has a half bath on the first floor and a full bath upstairs. Each unit has its own utilities, laundry area, storage space, and deck. One apartment is leased; the other is available for occupancy. The property was built in 1881 and is zoned R-2.
The building occupies a landscaped corner lot with parking and is located near downtown Rochester and its amenities.
The building occupies a landscaped corner lot with parking and is located near downtown Rochester and its amenities.
Key Highlights
- 2,574‑square‑foot duplex built in 1881
- Two apartments: one with 3 bedrooms and one with 4 bedrooms
- Separate utilities, laundry areas, storage, and decks for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,130
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,600
$522.6K
Cap Rate 7%
$373,286
$373.3K
Cap Rate 9%
$290,333
$290.3K
Market Conditions
NOI Build-Up for 2,574 SF
Gross rent
$38.6K $15.00/SF
− Vacancy
−$1.3K −$0.50/SF
EGI
$37.3K $14.50/SF
− OpEx
−$11.2K −$4.35/SF
NOI
$26.1K $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%
$522,600
Cap Rate 7%
$373,286
Cap Rate 9%
$290,333
Alternative Uses
Best Use
Multifamily LT 5
$373.3K
$326.6K – $435.5K
NOI $26,130 @ 7.0% cap · market cap 5.87%
Second Best
Apartment 5plus
$344.3K
$301.2K – $401.7K
NOI $24,099 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$688.6K
$602.6K – $803.4K
NOI $48,204 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
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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
$259,200
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Strafford County, NH
Properties on Market for Duplexes in Strafford County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residential layouts include individual laundry areas, storage, and outdoor decks.
Where is this duplex located?
The property is located at 33-35 River Street Rochester, NH.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: 2,574‑square‑foot duplex built in 1881; Two apartments: one with 3 bedrooms and one with 4 bedrooms; Separate utilities, laundry areas, storage, and decks for each unit
