Duplex with Separate
33-35 River Street, Rochester, NH 03867
For Sale
New
$445,000
Multi-Family, Rochester, NH
Property Size2,574 SF
Lot Size0.14 Acres
Price / SF$172.88
Days on Market5
Property Features for 33-35 River Street
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Exterior features
Appliances
Lot features
Standard status
Size
Lot size
Additional Details
Tenant in Place
Individually Metered Utilities
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Water source
Amenities
laundry
deck
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
RE/MAX Shoreline · RE/MAX International
(603) 431-1111
Listed By:
Beverly Brooks · License #10726
(603) 742-7117
Added: Nov 3
Changed: Nov 5
Last Checked: Nov 7 at 8:06PM
MLS# 5116635
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.
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Investment Insights
Based on property information with market context.
This two-unit property at 33-35 River Street contains 2,574 square feet on a 0.14-acre corner lot. The two residences offer seven bedrooms combined: one has three bedrooms, while the other has four. Separate utilities, laundry areas, storage, and decks serve the units. The property also has on-site parking and a covered porch. One residence is currently leased; the other is ready for occupancy.
Built in 1881, the building has wood-frame construction with vinyl siding and an R-2 zoning designation. It is located near downtown Rochester and its amenities.
Built in 1881, the building has wood-frame construction with vinyl siding and an R-2 zoning designation. It is located near downtown Rochester and its amenities.
Key Highlights
- Two‑unit duplex with 2,574 square feet on a 0.14‑acre corner lot
- Seven bedrooms total: three in one unit and four in the other
- Separate utilities, laundry areas, and storage for each residence
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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Property Analytics
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Lease Details
2
Residential units
Single-tenant
Tenancy
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 - One residence is leased, while the other is ready for occupancy, with each unit served by its own utilities.
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: Two‑unit duplex with 2,574 square feet on a 0.14‑acre corner lot; Seven bedrooms total: three in one unit and four in the other; Separate utilities, laundry areas, and storage for each residence
