Live-Work Space with Accessible Rear
New
For Sale
$895,000
627 Central Avenue, Dover, NH 03820
MULTI_FAMILY - Other - Dover, NH
Property Size3,066 SF
Lot Size0.31 Acres
Price / SF$291.91
Days on Market2
Property Features for 627 Central Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Business
Rooms
Basement
Lot features
City Lot, Sidewalks, Street Lights, Near Shopping, Near Public Transport, Near Railroad, Near Hospital
Elementary school
Horne Street School
Middle school
Dover Middle School
High school
Dover High School
Elementary school district
Dover
Middle school district
Dover
High school district
Dover
Directions
From Spaulding Turnpike (NH-16), take Exit 8 for Central Ave toward Downtown Dover. GPS friendly.
Standard status
Active
Size
3,066 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
14727
Utilities
Utilities
Cable Available
Heating system
Natural Gas, Hot Water(Heating)
Water source
Public
Building Details
Year built
1930
Floors in Building
3
Number of units
2
Flooring type
Vinyl, Combination, Hardwood, Tile, Carpet
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Dover · Keller Williams Realty
(603) 969-6632
Listed By:
Darlene Colwell-Ellis · License #042783
(603) 610-8500
Added: Jul 30
Last Checked: Jul 31 at 4:06AM
MLS# 5102476
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.
A business-zoned live-work property offering both commercial and residential space under one roof. The commercial area is arranged for professional use with a private rear entrance into a main office and reception area, supported by three additional treatment or examination rooms. A convenient half bath serves the office level, and a handicap accessible entrance from the paved rear parking lot supports easy access.
The residence is designed for privacy with its own first-floor entrance into a mudroom with in-unit laundry. The second floor includes a living area, updated galley style kitchen with newer appliances and modern countertops, a formal dining room, living room, spacious bedroom, and a full bathroom with double sink vanity. The finished third floor provides an expansive primary bedroom spanning the upper level.
Built in 1930, the property sits on a 0.31-acre lot and includes a full basement that is clean, dry, and functional, with extensive storage, a three-quarter bath, utility sink, and a finished bonus room suited for recreation, fitness, hobby, or office use. With natural gas/hot water heating, vinyl/hardwood/tile/carpet flooring, and approximately 17–20 off-street parking spaces, it provides practical day-to-day convenience for a downtown setting.
The residence is designed for privacy with its own first-floor entrance into a mudroom with in-unit laundry. The second floor includes a living area, updated galley style kitchen with newer appliances and modern countertops, a formal dining room, living room, spacious bedroom, and a full bathroom with double sink vanity. The finished third floor provides an expansive primary bedroom spanning the upper level.
Built in 1930, the property sits on a 0.31-acre lot and includes a full basement that is clean, dry, and functional, with extensive storage, a three-quarter bath, utility sink, and a finished bonus room suited for recreation, fitness, hobby, or office use. With natural gas/hot water heating, vinyl/hardwood/tile/carpet flooring, and approximately 17–20 off-street parking spaces, it provides practical day-to-day convenience for a downtown setting.
Key Highlights
- Business‑zoned live‑work property with private rear entrance into main office and reception area
- Three additional treatment or examination rooms plus half bath on the office level
- Handicap accessible entrance from the paved rear parking lot
Financial Insights For Office B
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 | $64.4k | $21.00 |
| − Vacancy | −$8.6k | −$2.79 |
| EGI | $55.8k | $18.21 |
| − OpEx | −$14.0k | −$4.55 |
| NOI | $41.9k | $13.66 |
3,066 SF · lease $21.00/SF/yr · vacancy 13.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$598.1K
$523.3K – $697.8K
NOI $41,867 @ 7.0% cap · market cap 4.68%
Second Best
Healthcare Medical
$592.7K
$518.6K – $691.5K
NOI $41,490 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$820.3K
$717.7K – $957.0K
NOI $57,418 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,220
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Business-zoned live-work property with a private rear entrance, a main office and reception area, and three treatment or examination rooms.
Where is this live-work space located?
The property is located at 627 Central Avenue Dover, NH.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Business‑zoned live‑work property with private rear entrance into main office and reception area; Three additional treatment or examination rooms plus half bath on the office level; Handicap accessible entrance from the paved rear parking lot
