Two-Unit
55 Prospect Street, Dover, NH 03820
For Sale
$825,000
Completed in 2019, the property contains separate three-bedroom and two-bedroom residences.
Property Size2,600 SF
Price / SF$317.31
Days on Market8
Property Features for 55 Prospect Street
General Information
Standard status
Size
Property subtype
Lease Term
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
New Space Real Estate,LLC
Listed By:
Krista Lombardi
(603) 923-7489
Source:
Lakesregionrealestate
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 4:08PM
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
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Investment Insights
Based on property information with market context.
This Dover duplex was built in 2019 and contains two separate residences. One has three bedrooms and three bathrooms; the other has two bedrooms and two bathrooms. The distinct unit layouts provide two different residential configurations within the same property.
The property is in Dover, New Hampshire, with access to local shopping, dining, amenities, and commuter routes.
The property is in Dover, New Hampshire, with access to local shopping, dining, amenities, and commuter routes.
Key Highlights
- Built in 2019
- Two separate residences: one with 3 bedrooms and 3 bathrooms, the other with 2 bedrooms and 2 bathrooms
- Dover location with access to shopping, dining, local amenities, and commuter routes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,394
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,880
$527.9K
Cap Rate 7%
$377,057
$377.1K
Cap Rate 9%
$293,267
$293.3K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$39.0K $15.00/SF
− Vacancy
−$1.3K −$0.50/SF
EGI
$37.7K $14.50/SF
− OpEx
−$11.3K −$4.35/SF
NOI
$26.4K $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%
$527,880
Cap Rate 7%
$377,057
Cap Rate 9%
$293,267
Alternative Uses
Best Use
Multifamily LT 5
$377.1K
$329.9K – $439.9K
NOI $26,394 @ 7.0% cap · market cap 3.20%
Second Best
Apartment 5plus
$347.7K
$304.3K – $405.7K
NOI $24,342 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$695.6K
$608.6K – $811.5K
NOI $48,691 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,359
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
$397,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in Strafford County, NH
Properties on Market for Duplexes in Strafford County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Completed in 2019, the property contains separate three-bedroom and two-bedroom residences.
Where is this duplex located?
The property is located at 55 Prospect Street Dover, NH.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Built in 2019; Two separate residences: one with 3 bedrooms and 3 bathrooms, the other with 2 bedrooms and 2 bathrooms; Dover location with access to shopping, dining, local amenities, and commuter routes
