Turnkey Two-Family Rental
48 New York Street Dover, NH 03820
New
For Sale
$549,000
MULTI_FAMILY - Other - Dover, NH
Property Size1,820 SF
Lot Size0.06 Acres
Price / SF$301.65
Days on Market1
Property Features for 48 New York Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- CBD
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 4, Bathroom 1, Basement
- Parking features
- Off Street
- Standard status
- Active
- Size
- 1,820 SF
- Lot size
- 0.06 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7413
Utilities
- Heating system
- Hot Water(Heating), Natural Gas
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 2
- Building materials
- Wood Frame, Aluminum Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency:
Keller Williams Realty Evolution
(978) 927-8700
Listed By:
Davis McVay
Added: Jul 23
Last Checked: Jul 23 at 10:06PM
MLS# 5101414
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.
Investment Insights
Based on property information with market context.
This fully occupied two-family home at 48 New York Street offers an immediately income-producing setup with both units currently rented. The upper and lower units each provide 2 bedrooms, 1 full bathroom, and an additional bonus room for extra flexibility.
The property includes a low-maintenance lot and off-street parking for two vehicles. Tenants are responsible for all utilities except water and sewer, which can help streamline day-to-day operating expenses.
Each unit’s practical layout supports straightforward residential use, with established tenants already in place. The home totals 1,820 square feet and sits on a 0.06-acre lot in Dover, New Hampshire (Strafford County), positioned just minutes from downtown Dover and near restaurants, shopping, parks, the waterfront, and major commuter routes.
The property includes a low-maintenance lot and off-street parking for two vehicles. Tenants are responsible for all utilities except water and sewer, which can help streamline day-to-day operating expenses.
Each unit’s practical layout supports straightforward residential use, with established tenants already in place. The home totals 1,820 square feet and sits on a 0.06-acre lot in Dover, New Hampshire (Strafford County), positioned just minutes from downtown Dover and near restaurants, shopping, parks, the waterfront, and major commuter routes.
Key Highlights
- Fully occupied two‑family home with both units currently rented
- Rental income of $4,250 per month; tenants pay all utilities except water and sewer
- Upper and lower units each offer 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 | $27.3k | $15.00 |
| − Vacancy | −$906 | −$0.50 |
| EGI | $26.4k | $14.50 |
| − OpEx | −$7.9k | −$4.35 |
| NOI | $18.5k | $10.15 |
1,820 SF · lease $15.00/SF/yr · vacancy 3.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$263.9K
$231.0K – $307.9K
NOI $18,476 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$243.4K
$213.0K – $284.0K
NOI $17,040 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$486.9K
$426.1K – $568.1K
NOI $34,084 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully occupied two-family home with two off-street parking spaces and separate upper and lower units.
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 currently rented; Rental income of $4,250 per month; tenants pay all utilities except water and sewer; Upper and lower units each offer 2 bedrooms, 1 full bathroom, plus a bonus room
