Duplex with Fenced
For Sale
$419,900
53-53a Chestnut St, Rochester, NH 03867
Each residence offers a two-bedroom, one-bath layout with separate utilities and shared outdoor amenities.
Property Size2,053 SF
Price / SF$204.53
Days on Market59
Property Features for 53-53a Chestnut St
General Information
Standard status
Active
Size
2,053 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
fenced yard
above-ground pool
Building Details
Year Built
1916
Listing Agency:
New Space Real Estate, LLC
(603) 817-3876
Listed By:
Nicholas Couturier
Source:
Findanewhampshirehome
Added: Jul 5
Changed: Aug 31
Last Checked: Aug 31 at 5:31PM
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 New Space Real Estate, LLC
Investment Insights
Based on property information with market context.
This two-unit duplex at 53-53A Chestnut Street includes 2,053 square feet of residential space and was built in 1916. Both units are configured with 2 bedrooms and 1 full bathroom, providing consistent layouts across the property. Separate utilities serve the residences, and the grounds include a fully fenced yard with an above-ground pool.
The property is located in Rochester, NH 03867. Its two-unit configuration supports flexible occupancy arrangements, including living in one residence while leasing the other or leasing both units, as supported by the existing layout and separate utilities.
The property is located in Rochester, NH 03867. Its two-unit configuration supports flexible occupancy arrangements, including living in one residence while leasing the other or leasing both units, as supported by the existing layout and separate utilities.
Key Highlights
- Two‑unit duplex with 2,053 square feet
- Both units include 2 bedrooms and 1 full bathroom
- Separate utilities for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,841
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$416,820
$416.8K
Cap Rate 7%
$297,729
$297.7K
Cap Rate 9%
$231,567
$231.6K
Market Conditions
NOI Build-Up for 2,053 SF
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.
Gross rent
$30.8K $15.00/SF
− Vacancy
−$1.0K −$0.50/SF
EGI
$29.8K $14.50/SF
− OpEx
−$8.9K −$4.35/SF
NOI
$20.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$416,820
Cap Rate 7%
$297,729
Cap Rate 9%
$231,567
Alternative Uses
Best Use
Multifamily LT 5
$297.7K
$260.5K – $347.4K
NOI $20,841 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$274.6K
$240.3K – $320.4K
NOI $19,221 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$549.2K
$480.6K – $640.8K
NOI $38,447 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
642
Businesses Nearby
Explore this area
Business Placement
Demographics for 03867, NH
22,369
Population
10,458
Households
2.1
Avg Household Size
44
Median Age
25%
College-Educated
93%
High-School Grad
28.4 sq mi
ZIP Area
788
Density / Sq Mi
$74,397
Median Household Income
$42,613
Median Earnings
$1,217
Median Rent
$259,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers a two-bedroom, one-bath layout with separate utilities and shared outdoor amenities.
Where is this duplex located?
The property is located at 53-53a Chestnut St Rochester, NH.
What is the asking price?
The asking price for this property is $419,900.
What are key features of this property?
This property features: Two‑unit duplex with 2,053 square feet; Both units include 2 bedrooms and 1 full bathroom; Separate utilities for each residence
