10-Unit Apartment
New
For Sale
$2,600,000
50-52 Summer Street, Dover, NH 03820
Most residences have three-bedroom layouts, with off-street parking and a separate garage.
Property Size11,571 SF
Price / SF$224.70
Days on Market2
Property Features for 50-52 Summer Street
General Information
Standard status
Active
Size
11,571 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
10
Amenities
off-street parking
detached garage
Building Details
Building Size
11,571 SF
Year Built
1890
Buildings
2
Listing Agency:
The Boulos Company
Listed By:
Christian Stallkamp · License #064644
(603) 828-3818
Source:
Boulos
Added: Oct 30
Last Checked: Oct 30 at 2:34PM
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 The Boulos Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property comprises 10 residential units in two buildings, with 11,571± SF of total area. Most apartments have three-bedroom layouts. A detached 924± SF garage and off-street parking are also part of the property. The buildings date to 1890, and capital improvements have been completed; their scope is not specified.
Located near downtown Dover, the property includes residential space and a detached garage with potential for future conversion.
Located near downtown Dover, the property includes residential space and a detached garage with potential for future conversion.
Key Highlights
- 10 residential units across two buildings, totaling 11,571± SF
- Most apartments have three‑bedroom layouts
- Detached 924± SF garage with potential for future conversion
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,333
Cap Rate
4.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,166,660
$2.2M
Cap Rate 7%
$1,547,614
$1.5M
Cap Rate 9%
$1,203,700
$1.2M
Market Conditions
NOI Build-Up for 11,571 SF
Gross rent
$204.1K $17.64/SF
− Vacancy
−$7.1K −$0.62/SF
EGI
$197.0K $17.02/SF
− OpEx
−$88.6K −$7.66/SF
NOI
$108.3K $9.36/SF
Area
Strafford County, NH
Vacancy
3.50%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,166,660
Cap Rate 7%
$1,547,614
Cap Rate 9%
$1,203,700
Alternative Uses
Best Use
Apartment 5plus
$1.55M
$1.35M – $1.81M
NOI $108,333 @ 7.0% cap · market cap 4.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.10M
$2.71M – $3.61M
NOI $216,692 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
1,223
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Most residences have three-bedroom layouts, with off-street parking and a separate garage.
Where is this apartment building located?
The property is located at 50-52 Summer Street Dover, NH.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 10 residential units across two buildings, totaling 11,571± SF; Most apartments have three‑bedroom layouts; Detached 924± SF garage with potential for future conversion
