Back to Search

Three-Unit Property with Upgrades

46-48 Lafayette St, Rochester, NH 03867

View on Map

For Sale

Contact for pricing

Three-unit property featuring upgrades, newer appliances, and in-unit laundry.

Type:Multifamily

Property size:

3,508 SF

Price / SF:

$139/SF

HighLights

Potential cap rate over 15%.
Three units totaling 3,508 square feet with potential for a fourth unit.
Updated kitchens with granite countertops and stainless steel appliances; refreshed bathrooms.
In‑unit washers and dryers included.
Newer metal roof, updated windows, recent exterior doors and heating systems.
Detached garage with automatic electric door and workshop; gated for privacy.

We can help!

Contact an agent

Andy Yau

For Sale

Contact for pricing

Three-unit property featuring upgrades, newer appliances, and in-unit laundry.

Type:Multifamily

Property size:

3,508 SF

Price / SF:

$139/SF

Added:: Mar 12, 2026
Days on Market:: 117
Last Refresh:: Mar 19 at 11:01 pm

Property Features for 46-48 Lafayette St

General Information

Standard status: Active
Size: 3,508 SF
Property subtype: Multifamily

Building Details

Year Built: 1901

We can help!

Contact an agent

Andy Yau

Listing office Remax Shoreline Commercial

Listing date Mar 12, 2026

Source Crexi

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 Remax Shoreline Commercial

HighLights

Potential cap rate over 15%.
Three units totaling 3,508 square feet with potential for a fourth unit.
Updated kitchens with granite countertops and stainless steel appliances; refreshed bathrooms.
In‑unit washers and dryers included.
Newer metal roof, updated windows, recent exterior doors and heating systems.
Detached garage with automatic electric door and workshop; gated for privacy.

Overview

This three-unit property offers a potential cap rate over 15%. The building contains large apartments totaling 3,508 square feet, with a top floor ready for a potential additional unit or expansion. Updates throughout the units include newer flooring, kitchens with granite countertops, stainless steel appliances, and in-unit washers and dryers. The bathrooms have been refreshed with newer flooring, tubs, and vanities. The building is well-maintained, featuring a newer metal roof, some updated windows, and recent exterior doors and heating systems. Outside, tenants have ample parking and a detached garage with an automatic electric door and workshop. The property is gated for privacy and situated on a corner lot. Separate utilities are in place. Tenants benefit from a quiet street close to city restaurants, convenient commutes, parks, and schools.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$52.6k	$15.00
− Vacancy	−$1.7k	−$0.50
EGI	$50.9k	$14.50
− OpEx	−$15.3k	−$4.35
NOI	$35.6k	$10.15

3,508 SF · lease $15.00/SF/yr · vacancy 3.32% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$508.7K

$445.1K – $593.5K (±1% cap)

NOI $35,611 @ 7.0% cap · market cap 7.27%

Second Best

Apartment 5plus

$469.2K

$410.5K – $547.4K (±1% cap)

NOI $32,843 @ 7.0% cap · market cap 6.70%

Theoretical Best

Office A

$938.5K

$821.2K – $1.09M (±1% cap)

NOI $65,695 @ 7.0% cap · market cap 13.41%

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

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Rochester
County: Strafford
State: New Hampshire
Longitude: -70.9816128
Latitude: 43.3017335

Nearby Similar for Sale

$609,000

4,293 SF

Mixed-Use Building with Restaurant

First-floor restaurant space is leased while upstairs apartments include a two-bedroom with rooftop deck and a rented one-bedroom.

66 Washington Street, Rochester, NH 03867

View Details
$510,000

2,090 SF

Two-Unit Residential Duplex

Well-maintained duplex with private deck, 3-season room, and separate 1-bedroom and 3-bedroom units.

17 Academy Street, Rochester, NH 03867

View Details
$850,000

7,750 SF

Commercial Building on Route 125

Two-level commercial building with loading door and ample parking.

184 Milton Rd, Rochester, NH 03868

View Details
$429,000

1,504 SF

Two-Family Duplex with In-Ground Pool

Well-kept two-unit duplex with an in-ground pool, including a move-in ready vacant unit.

125 Blackwater Road, Rochester, NH 03867

View Details
$375,000

2,254 SF

Live-Work Building with Street Retail

Zoned NMU, this property combines street-facing retail space with a long-term rented 2-bedroom apartment.

80 Chestnut Hill Road, Rochester, NH 03867

View Details
$925,000

2,264 SF

Medical Office Building with Vet Fit-Up

Well-located medical and office building with veterinary clinic improvements and strong roadway visibility.

438 Gonic Rd, Rochester, NH 03839

View Details
$450,000

3,611 SF

Mixed-Use Two-Building Property

Two-building mixed-use asset with residential rental units and a former dentist office configuration on one lot.

18 Wakefield Street, Rochester, NH 03867

View Details
$3,900,000

9,260 SF

Turnkey Restaurant and Tavern Opportunity

Fully equipped, high-volume restaurant and tavern for sale.

11 FARMINGTON Rd, Rochester, NH 03867

View Details
$375,000

2,738 SF

Mixed-Use Live/Work Building

Street-facing commercial space with an attached carport and a long-term rented 2-bedroom apartment on the same property.

80 Chestnut Hill Road, Rochester, NH 03867

View Details
$450,000

1,300 SF

Two-Unit Apartment Building

Two-unit apartment building offered for sale, with tenant occupancy and limited showing availability based on access.

2 Barker Court, Rochester, NH 03867

View Details
$925,000

2,264 SF

Medical Office Building with Frontage

Lighted intersection visibility and existing veterinary/medical fit-up make this property suitable for healthcare or redevelopment.

438 Gonic Road, Rochester, NH 03839

View Details
$1,300,000

Modern Medical Facility For Sale

Class A medical facility in a campus setting.

245 Rochester Hill Rd, Rochester, NH 03867

View Details

For sale
Triplexes
NH
Rochester
03867
46-48 Lafayette St

What type of property is this?

Triplex - Three-unit property featuring upgrades, newer appliances, and in-unit laundry.

Where is this triplex located?

The property is located at 46-48 Lafayette St Rochester, NH.

What is the asking price?

The asking price for this property is $490,000.

What are key features of this property?

This property features: Potential cap rate over 15%.; Three units totaling 3,508 square feet with potential for a fourth unit.; **Updated kitchens with granite countertops and stainless steel appliances; refreshed bathrooms.**