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    Two-Unit Multifamily Duplex Title is generated by Realmo AI

    37 Dover Street, Keene, NH 03431

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    For Sale
    $410,000

    MULTI_FAMILY - Other - Keene, NH

    Property size:
    2,064 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $198/SF
    Added:
    May 20, 2026
    Days on Market:
    16
    Last Refresh:
    Jun 4 at 12:06 am

    Property Features for 37 Dover Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    MD
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 1, Basement, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 3
    Standard status
    Active
    Size
    2,064 SF
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7087

    Utilities

    Utilities
    Cable Available
    Heating system
    Hot Water(Heating), Oil
    Water source
    Public

    Building Details

    Year built
    1890
    Floors in Building
    2
    Number of units
    2
    Building materials
    Wood Frame
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Shane Moynihan

    Listing agent Shane Moynihan

    Listing office Realty One Group Next Level 40 Harvey Rd, Bedford, NH

    Listing date May 20, 2026

    MLS# 5089920 Listing URL

    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.

    HighLights

    • 2‑unit multifamily in Keene built in 1890
    • First‑floor unit: 3‑bedroom, 1‑bath, renovated and currently used as a short‑term rental; unit 1 conveys with furnishing
    • Second‑floor unit: 2‑bedroom, 1‑bath with many updates
    • New roof installed last year
    • Wood frame construction with shingle roof
    • Public water and cable available; heating includes hot water (oil)

    Overview

    This well-maintained two-unit duplex features a recently installed roof completed just last year. The first-floor unit is a renovated 3-bedroom, 1-bath layout currently being used as a short-term rental, and it will convey with furnishing for the short-term rental use. The second-floor unit is a 2-bedroom, 1-bath residence with many updates, positioned for long-term rental income potential as described in the listing.

    Located in the heart of Keene, the property is described as walkable to the city’s historic Main Street and Central Square, where restaurants, bars, and breweries are a few blocks away. The surrounding area is also characterized by nearby outdoor amenities, including Robin Hood Park and Reservoir, as well as Greenlawn Cemetery.

    With two separate residential units and an owner-occupant/investor-friendly configuration, the property can suit buyers looking to offset housing costs while maintaining flexibility in how they operate the first-floor unit. Showings begin during the scheduled open houses on Saturday, May 23rd from 10am–12pm, and Sunday, May 24th from 12pm–2pm.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Keene
    County
    Cheshire
    State
    New Hampshire
    Longitude
    -72.271932
    Latitude
    42.936294

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    FAQs

    What type of property is this?
    Duplex - Two-unit duplex in Keene with a new roof and updated 3-bedroom and 2-bedroom rental units.
    Where is this duplex located?
    The property is located at 37 Dover Street Keene, NH.
    What is the asking price?
    The asking price for this property is $410,000.
    What are key features of this property?
    This property features: 2‑unit multifamily in Keene built in 1890; First‑floor unit: 3‑bedroom, 1‑bath, renovated and currently used as a short‑term rental; unit 1 conveys with furnishing; Second‑floor unit: 2‑bedroom, 1‑bath with many updates
    (603) 389-6604
    We can help!
    Listing Contact
    Shane Moynihan
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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