Historic Multifamily Income
39 New York St Dover, NH 03820
New
39 New York St, Dover, NH, 03820
$549,000
For Sale
$549,000
Historic 2-unit multifamily building is fully leased, totaling 2,868 SF, and sits in RM-U zoning.
Property Size2,868 SF
Price / SF$191.42
Days on Market2
Property Features for 39 New York St
General Information
- Standard status
- Active
- Size
- 2,868 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1840
Listing agency
KW Coastal Land & Commercial Group
(603) 707-2319
Listed by
Ethan Ash
(603) 707-2319
Source
Elliman
Added: Jul 21 Updated: Jul 22 at 5:06PM Checked: Jul 22 at 5:06PM
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 KW Coastal Land & Commercial Group
Investment Insights
Based on property information with market context.
This historic multifamily property was constructed in 1840 and totals 2,868 SF. The building consists of two fully-leased units, supporting 100% occupancy.
Set in Dover, the property is offered for sale with RM-U zoning noted in the remarks. BikeScore is 19 and WalkScore is 50, indicating a generally car-dependent area.
As presented, the asset is a low-rise, garden-style multifamily opportunity in maintained condition with steady in-place tenancy across both units.
Set in Dover, the property is offered for sale with RM-U zoning noted in the remarks. BikeScore is 19 and WalkScore is 50, indicating a generally car-dependent area.
As presented, the asset is a low-rise, garden-style multifamily opportunity in maintained condition with steady in-place tenancy across both units.
Key Highlights
- Historic 2‑unit multifamily building built in 1840 at 39 New York St, Dover, NH
- Total building size of 2,868 SF with 2 fully leased units and 100% occupancy
- Multifamily property located in RM‑U zoning
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.0k | $15.00 |
| − Vacancy | −$1.4k | −$0.50 |
| EGI | $41.6k | $14.50 |
| − OpEx | −$12.5k | −$4.35 |
| NOI | $29.1k | $10.15 |
2,868 SF · lease $15.00/SF/yr · vacancy 3.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$415.9K
$363.9K – $485.2K
NOI $29,114 @ 7.0% cap · market cap 5.30%
Second Best
Apartment 5plus
$383.6K
$335.6K – $447.5K
NOI $26,851 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$767.3K
$671.4K – $895.2K
NOI $53,710 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Historic 2-unit multifamily building is fully leased, totaling 2,868 SF, and sits in RM-U zoning.
Where is this duplex located?
The property is located at 39 New York St Dover, NH.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Historic 2‑unit multifamily building built in 1840 at 39 New York St, Dover, NH; Total building size of 2,868 SF with 2 fully leased units and 100% occupancy; Multifamily property located in RM‑U zoning
