Duplex with Attached
4 Wheelwright Drive, Lee, NH 03861
For Sale
New
$799,000
Multi-Family, Lee, NH
Property Size2,762 SF
Lot Size1.96 Acres
Price / SF$289.28
Days on Market5
Property Features for 4 Wheelwright Drive
General Information
Property type
Property subtype
Zoning
Rooms
Parking features
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Utilities
Heating system
Water source
Amenities
enclosed 3-season porches
above-ground pool
side deck
finished basement
garage
carport
shed
Building Details
Year built
Floors in Building
Number of units
Building materials
Roof type
Architectural style
Buildings
Listing Agency:
KW Coastal and Lakes & Mountains Realty · Keller Williams Realty
Listed By:
Jennifer Cartier · License NH #072229
(603) 610-8500
Added: Nov 9
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 5117287
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 2,762-square-foot duplex in Lee pairs a three-bedroom, 1.5-bathroom main residence with an attached accessory dwelling unit offering one bedroom and one bathroom. The main residence also includes a finished basement. Each living area has its own enclosed three-season porch. The 1.96-acre property includes an attached two-car garage, a carport, a shed, a side deck, and an above-ground pool with a separate deck. Built in 1987, the home has wood-frame construction, vinyl siding, a shingle roof, hot-water baseboard heating, and private water.
Reported improvements include a roof installed in 2024, an updated upstairs bathroom, resurfaced deck, new front steps, and a radon air mitigation system. Harvey windows and a sliding door, a replacement bay window, and new carpeting and flooring are listed for 2026.
Reported improvements include a roof installed in 2024, an updated upstairs bathroom, resurfaced deck, new front steps, and a radon air mitigation system. Harvey windows and a sliding door, a replacement bay window, and new carpeting and flooring are listed for 2026.
Key Highlights
- 2,762 square feet on a 1.96‑acre lot
- Main residence has 3 bedrooms, 1.5 bathrooms, and a finished basement
- Attached ADU includes 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,038
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,760
$560.8K
Cap Rate 7%
$400,543
$400.5K
Cap Rate 9%
$311,533
$311.5K
Market Conditions
NOI Build-Up for 2,762 SF
Gross rent
$41.4K $15.00/SF
− Vacancy
−$1.4K −$0.50/SF
EGI
$40.1K $14.50/SF
− OpEx
−$12.0K −$4.35/SF
NOI
$28.0K $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%
$560,760
Cap Rate 7%
$400,543
Cap Rate 9%
$311,533
Alternative Uses
Best Use
Multifamily LT 5
$400.5K
$350.5K – $467.3K
NOI $28,038 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$369.4K
$323.2K – $431.0K
NOI $25,859 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$738.9K
$646.6K – $862.1K
NOI $51,725 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
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Business Placement
Demographics for 03861, NH
4,499
Population
1,890
Households
2.4
Avg Household Size
42
Median Age
53%
College-Educated
98%
High-School Grad
19.7 sq mi
ZIP Area
228
Density / Sq Mi
$140,321
Median Household Income
$62,908
Median Earnings
$1,061
Median Rent
$449,300
Median Home Value
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Market
Average Price Trend$/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 - The two living areas have separate enclosed three-season porches, with a finished basement in the main residence.
Where is this duplex located?
The property is located at 4 Wheelwright Drive Lee, NH.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2,762 square feet on a 1.96‑acre lot; Main residence has 3 bedrooms, 1.5 bathrooms, and a finished basement; Attached ADU includes 1 bedroom and 1 bathroom
