Two-Family Residential Income
48 New York Street Dover, NH 03820
New
For Sale
$549,000
Fully occupied two-family home with both units rented, offering off-street parking for two vehicles.
Property Size2,730 SF
Price / SF$201.10
Days on Market2
Property Features for 48 New York Street
General Information
- Standard status
- Active
- Size
- 2,730 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1900
Listing Agency:
Keller Williams Realty Evolution
(978) 729-1102
Listed By:
Davis McVay
(978) 729-1102
Source:
Threehillsres
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 25 at 3:02AM
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 Keller Williams Realty Evolution
Investment Insights
Based on property information with market context.
This fully occupied two-family home is set up as an income-producing residential property with both units currently rented. Each unit offers two bedrooms, one full bathroom, and a bonus room that can support additional living space. Tenants pay all utilities except water and sewer, and the property also includes a low-maintenance lot with off-street parking for two vehicles.
The home is located just minutes from downtown Dover and is described as being close to dining, shopping, parks, the waterfront, and major commuter routes. The established tenancy and existing rental income provide an immediately productive setup for an owner.
The layout consists of an upper unit and a lower unit, each with similar bedroom and bathroom configuration plus a bonus room, creating practical consistency across the two rentals.
The home is located just minutes from downtown Dover and is described as being close to dining, shopping, parks, the waterfront, and major commuter routes. The established tenancy and existing rental income provide an immediately productive setup for an owner.
The layout consists of an upper unit and a lower unit, each with similar bedroom and bathroom configuration plus a bonus room, creating practical consistency across the two rentals.
Key Highlights
- Fully occupied two‑family home with both units rented, generating $4,250/month in rental income
- Tenants pay all utilities except water and sewer, helping keep operating expenses lower
- Two upper and lower units; each has 2 bedrooms, 1 full bathroom, plus a bonus room
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 | $41.0k | $15.00 |
| − Vacancy | −$1.4k | −$0.50 |
| EGI | $39.6k | $14.50 |
| − OpEx | −$11.9k | −$4.35 |
| NOI | $27.7k | $10.15 |
2,730 SF · lease $15.00/SF/yr · vacancy 3.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$395.9K
$346.4K – $461.9K
NOI $27,713 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$365.1K
$319.5K – $426.0K
NOI $25,559 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$730.4K
$639.1K – $852.1K
NOI $51,125 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully occupied two-family home with both units rented, offering off-street parking for two vehicles.
Where is this duplex located?
The property is located at 48 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: Fully occupied two‑family home with both units rented, generating $4,250/month in rental income; Tenants pay all utilities except water and sewer, helping keep operating expenses lower; Two upper and lower units; each has 2 bedrooms, 1 full bathroom, plus a bonus room
