Historic Multifamily
39 New York Street Dover, NH 03820
39 New York Street, Dover, NH, 03820
$549,000
For Sale
$549,000
MULTI_FAMILY - Other - Dover, NH
Property Size2,840 SF
Lot Size0.21 Acres
Price / SF$193.31
Days on Market424
Property Features for 39 New York Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM-U
- Rooms
- Basement
- Standard status
- Active
- Size
- 2,840 SF
- Lot size
- 0.21 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 10818
Utilities
- Heating system
- Propane (Heating), Natural Gas
- Water source
- Public
Building Details
- Year built
- 1840
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Wood Frame, Vinyl Siding
- Roof type
- Fiberglass
- Architectural style
- Other
Listing Agency
KW Coastal and Lakes & Mountains Realty
(603) 610-8500
750 Lafayette Rd., Portsmouth, NH
Listed by
David Garvey
(603) 610-8500
Added: May 22, 2025 Checked: Jul 19 at 6:06 pm
MLS# 5042615
Listing URL
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Investment Insights
Based on property information with market context.
This historic multifamily building was constructed in 1840 and is configured as two fully-leased units. The property is described as well maintained, offering an income-producing residential income setup within the RM-U zoning designation.
The building is located at 39 New York Street in Dover, New Hampshire, on a 0.21-acre lot. The listing is presented as a low-rise/garden development style multifamily asset with 100% occupancy as stated in the remarks.
The building is located at 39 New York Street in Dover, New Hampshire, on a 0.21-acre lot. The listing is presented as a low-rise/garden development style multifamily asset with 100% occupancy as stated in the remarks.
Key Highlights
- Historic multifamily building built in 1840 at 39 New York St, Dover
- 2,868 SF building with 2 fully‑leased units and 100% occupancy
- RM‑U zone (per listing remarks)
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 | $42.6k | $15.00 |
| − Vacancy | −$1.4k | −$0.50 |
| EGI | $41.2k | $14.50 |
| − OpEx | −$12.4k | −$4.35 |
| NOI | $28.8k | $10.15 |
2,840 SF · lease $15.00/SF/yr · vacancy 3.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$411.9K
$360.4K – $480.5K
NOI $28,830 @ 7.0% cap · market cap 5.25%
Second Best
Apartment 5plus
$379.8K
$332.4K – $443.2K
NOI $26,589 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$759.8K
$664.8K – $886.4K
NOI $53,185 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Built in 1840, this RM-U zoned property contains two fully-leased units.
Where is this duplex located?
The property is located at 39 New York Street 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 multifamily building built in 1840 at 39 New York St, Dover; 2,868 SF building with 2 fully‑leased units and 100% occupancy; RM‑U zone (per listing remarks)
