Mixed-Use Property with
For Sale
$895,000
627 Central Avenue, Dover, NH 03820
Multi-Family, Dover, NH
Property Size3,066 SF
Lot Size0.31 Acres
Price / SF$291.91
Days on Market92
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
Amenities
in-unit laundry
Building Details
Year built
1930
Floors in Building
3
Number of units
2
Flooring type
Tile, Combination, Vinyl, Hardwood, Carpet
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Buildings
1
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
Changed: Oct 23
Last Checked: Oct 29 at 9:06PM
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.
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Investment Insights
Based on property information with market context.
Built in 1930, this 3,066-square-foot mixed-use property combines professional office space with a private residential apartment. The office layout includes a reception area, main office, three treatment or examination rooms, a half bath, and separate rear access. An accessible entrance connects the office level to the paved parking area, while the apartment has its own entrance, mudroom, and in-unit laundry. Residential interiors include a galley kitchen, dining room, living room, bedroom, full bath, and a finished third-floor primary bedroom.
The full basement adds storage, a three-quarter bath, utility sink, and finished bonus room. Situated on a 0.31-acre lot at 627 Central Avenue in Dover, the property is within a downtown setting and includes approximately 17-20 off-street parking spaces. Business zoning, public water, natural-gas hot-water heating, and a shingle roof are also documented.
The full basement adds storage, a three-quarter bath, utility sink, and finished bonus room. Situated on a 0.31-acre lot at 627 Central Avenue in Dover, the property is within a downtown setting and includes approximately 17-20 off-street parking spaces. Business zoning, public water, natural-gas hot-water heating, and a shingle roof are also documented.
Key Highlights
- 3,066 SF mixed‑use property on a 0.31‑acre lot
- Professional office layout with reception, main office, and 3 treatment or examination rooms
- Private apartment with separate entrance, in‑unit laundry, and finished third‑floor primary bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,867
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$837,340
$837.3K
Cap Rate 7%
$598,100
$598.1K
Cap Rate 9%
$465,189
$465.2K
Market Conditions
NOI Build-Up for 3,066 SF
Gross rent
$64.4K $21.00/SF
− Vacancy
−$8.6K −$2.79/SF
EGI
$55.8K $18.21/SF
− OpEx
−$14.0K −$4.55/SF
NOI
$41.9K $13.66/SF
Area
Strafford County, NH
Vacancy
13.30%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$837,340
Cap Rate 7%
$598,100
Cap Rate 9%
$465,189
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.
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Current Use
Lease Details
1
Residential units
Yes
Paved road access
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown building combining professional office space with a private apartment and accessible rear entry.
Where is this mixed-use property 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: 3,066 SF mixed‑use property on a 0.31‑acre lot; Professional office layout with reception, main office, and 3 treatment or examination rooms; Private apartment with separate entrance, in‑unit laundry, and finished third‑floor primary bedroom
