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Building Details

Year Built 1920

Buildings 2

Listing Agency: Duston Leddy Real Estate

Listed By: Carrie Barron Show Phone

Source: 603propertygroup

Added: Aug 18 Changed: Sep 23 Last Checked: Oct 7 at 4:08PM

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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 Duston Leddy Real Estate

Investment Insights

Based on property information with market context.

This multifamily offering includes two riverfront residences on a large, level lot along a quiet dead-end street. The primary home, built in 1920, has 4 bedrooms and 3 baths, with an open main level, Thermador appliances, custom cabinetry, soapstone countertops, pantry storage, and a family room with built-in seating. The upper floors include three bedrooms, an updated full bath, laundry, and a primary suite with seasonal river views, reclaimed pine flooring, a travertine bath, walk-in closet, and built-in storage.

The second residence contains 2 bedrooms and 1 bath, providing a separate living arrangement within the same property. Combined property size is 3,273 square feet. The location is within walking distance of downtown Exeter, local restaurants and shops, and Phillips Exeter Academy.

Key Highlights

• Two riverfront homes on one property
• Primary residence includes 4 bedrooms and 3 baths
• Second residence offers 2 bedrooms and 1 bath

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,667

Cap Rate

3.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$993,340 $993.3K

Cap Rate 7%

$709,529 $709.5K

Cap Rate 9%

$551,856 $551.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,273 SF

Gross rent

$94.3K $28.80/SF

− Vacancy

−$4.0K −$1.21/SF

EGI

$90.3K $27.59/SF

− OpEx

−$40.6K −$12.42/SF

NOI

$49.7K $15.17/SF

Area

Rockingham County, NH

Vacancy

4.20%

Lease Rate

$28.80 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$993,340

Cap Rate 7%

$709,529

Cap Rate 9%

$551,856

Alternative Uses

Best Use

Apartment 5plus

$709.5K

$620.8K – $827.8K (±1% cap)

NOI $49,667 @ 7.0% cap · market cap 3.43%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.09M

$953.5K – $1.27M (±1% cap)

NOI $76,277 @ 7.0% cap · market cap 5.27%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Parking Lot & Garage Storage Facility Garden Center

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

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

1,204

Businesses Nearby

Explore this area Business Placement

Demographics for 03833, NH

22,662

Population

9,789

Households

2.3

Avg Household Size

47

Median Age

54%

College-Educated

98%

High-School Grad

48.5 sq mi

ZIP Area

467

Density / Sq Mi

$110,566

Median Household Income

$59,220

Median Earnings

$1,632

Median Rent

$456,000

Median Home Value

Market

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?

Multifamily property - Two riverfront residences offer flexible multifamily use on a level lot near downtown Exeter.

Where is this multifamily property located?

The property is located at 34 & 30 River St Exeter, NH.

What is the asking price?

The asking price for this property is $1,448,000.

What are key features of this property?

This property features: Two riverfront homes on one property; Primary residence includes 4 bedrooms and 3 baths; Second residence offers 2 bedrooms and 1 bath