4-Unit Multifamily
New
For Sale
$725,000
Pending
49 Sixth Street, Dover, NH 03820
Four apartments offer one-, two-, and three-bedroom layouts, with a driveway leading to a separate parking area.
Property Size2,900 SF
Days on Market4
Property Features for 49 Sixth Street
General Information
Standard status
Pending
Size
2,900 SF
Property subtype
Multi-family
Lease Term
[]
Units
Unit Mix
1 x 1BR, 1 x 3BR, 2 x 2BR
Multifamily Units
4
Building Details
Year Built
1880
Construction
New Englander
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Dover
Listed By:
Darlene Colwell-Ellis · License #042783
(603) 610-8988
Source:
Lakesregionrealestate
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 6:18AM
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 KW Coastal and Lakes & Mountains Realty/Dover
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Investment Insights
Based on property information with market context.
At 49 Sixth St in Dover, this renovated 1880 multifamily property contains four apartments. The unit mix includes one-, two-, and three-bedroom layouts. The first-floor apartment at the front has one bedroom and a bow window; the adjoining unit extends across the second and third floors, with three bedrooms, a galley kitchen, and a full bath. A rear entrance serves two more apartments, each with two bedrooms, a full bath, and a galley kitchen that opens to the living room.
A side yard and a driveway leading to a separate parking area provide outdoor space and vehicle parking. Downtown shops, restaurants, and local attractions are within walking distance. The property has a Walk Score of 94 and a Bike Score of 70.
A side yard and a driveway leading to a separate parking area provide outdoor space and vehicle parking. Downtown shops, restaurants, and local attractions are within walking distance. The property has a Walk Score of 94 and a Bike Score of 70.
Key Highlights
- Four apartments with one-, two-, and three‑bedroom layouts
- Rear apartments each have two bedrooms, a full bath, and a galley kitchen
- Front townhouse‑style apartment spans the second and third floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,439
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$588,780
$588.8K
Cap Rate 7%
$420,557
$420.6K
Cap Rate 9%
$327,100
$327.1K
Market Conditions
NOI Build-Up for 2,900 SF
Gross rent
$43.5K $15.00/SF
− Vacancy
−$1.4K −$0.50/SF
EGI
$42.1K $14.50/SF
− OpEx
−$12.6K −$4.35/SF
NOI
$29.4K $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%
$588,780
Cap Rate 7%
$420,557
Cap Rate 9%
$327,100
Alternative Uses
Best Use
Multifamily LT 5
$420.6K
$368.0K – $490.7K
NOI $29,439 @ 7.0% cap · market cap 4.06%
Second Best
Apartment 5plus
$387.9K
$339.4K – $452.5K
NOI $27,151 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$775.8K
$678.9K – $905.2K
NOI $54,309 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,196
Businesses Nearby
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Business Placement
Demographics for 03820, NH
32,800
Population
15,460
Households
2.1
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
27.3 sq mi
ZIP Area
1,201
Density / Sq Mi
$92,793
Median Household Income
$53,890
Median Earnings
$1,540
Median Rent
$397,900
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Four apartments offer one-, two-, and three-bedroom layouts, with a driveway leading to a separate parking area.
Where is this multifamily property located?
The property is located at 49 Sixth Street Dover, NH.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Four apartments with one-, two-, and three‑bedroom layouts; Rear apartments each have two bedrooms, a full bath, and a galley kitchen; Front townhouse‑style apartment spans the second and third floors
