Restaurant with Apartment
For Sale
$849,900
65 Henry Law Avenue, Dover, NH 03820
Multi-Family, Dover, NH
Property Size3,338 SF
Lot Size0.07 Acres
Price / SF$254.61
Days on Market94
Property Features for 65 Henry Law Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CBD-G
Bedrooms
3
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 2, Bathroom 4, Bedroom 3, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Basement
Parking features
On Street
Patio and Porch features
Deck
Exterior features
Deck, Storage
Appliances
Electric Water Heater
Lot features
Level, Neighbor Business, Sidewalks, Street Lights, In Town, Near Golf Course, Near Paths, Near Public Transport, Near Railroad
Elementary school
Woodman Park Elementary School
Middle school
Dover Middle School
High school
Dover High School
Elementary school district
Dover School District SAU #11
Middle school district
Dover School District SAU #11
High school district
Dover School District SAU #11
Directions
Downtown Dover, to Henry Law Avenue, property located at the corner of Henry Law Ave and George Street.
Standard status
Active
Size
3,338 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10706
Utilities
Heating system
Natural Gas, Forced Air, Ductless (Heating)
Cooling system
Ductless, Zoned
Water source
Public
Building Details
Year built
1875
Floors in Building
2
Number of units
3
Flooring type
Laminate
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
Central Falls Realty · Century 21 Real Estate
(603) 742-2121
Listed By:
Paula Forbes
(603) 742-2121
Added: May 19
Changed: Aug 20
Last Checked: Aug 20 at 9:06PM
MLS# 5089726
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.
This restaurant property offers a mix of street-level dining and residential income potential. The first floor features comfortable interior seating for 24 to 30 people, along with an outdoor deck seating section for 14 or more people overlooking the river. Exterior features include a deck and storage.
Upstairs, the property includes an occupied one-bedroom apartment. There is also a second gutted two-bedroom apartment on the upper level. The property is supported by public water and natural gas heating, with forced air, ductless heating, and zoned ductless cooling. Parking is available on street.
Built in 1875, the building includes wood-frame construction and a shingle roof. The property is located at 65 Henry Law Avenue in Dover and is zoned CBD-G. The lot size is 0.07 acres, and the property size is 3,338 square feet.
Upstairs, the property includes an occupied one-bedroom apartment. There is also a second gutted two-bedroom apartment on the upper level. The property is supported by public water and natural gas heating, with forced air, ductless heating, and zoned ductless cooling. Parking is available on street.
Built in 1875, the building includes wood-frame construction and a shingle roof. The property is located at 65 Henry Law Avenue in Dover and is zoned CBD-G. The lot size is 0.07 acres, and the property size is 3,338 square feet.
Key Highlights
- Zoned CBD‑G
- 0.07‑acre lot
- First‑floor dining seats 24 to 30 plus deck seating for 14 or more
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
$52,021
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
6.12%
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%
$1,040,420
$1.0M
Cap Rate 7%
$743,157
$743.2K
Cap Rate 9%
$578,011
$578.0K
Market Conditions
NOI Build-Up for 3,338 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
$72.1K $21.60/SF
− Vacancy
−$2.7K −$0.82/SF
EGI
$69.4K $20.78/SF
− OpEx
−$17.3K −$5.19/SF
NOI
$52.0K $15.58/SF
Area
Strafford County, NH
Vacancy
3.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$1,040,420
Cap Rate 7%
$743,157
Cap Rate 9%
$578,011
Alternative Uses
Best Use
Specialty Retail
$743.2K
$650.3K – $867.0K
NOI $52,021 @ 7.0% cap · market cap 6.12%
Second Best
Multifamily LT 5
$484.1K
$423.6K – $564.8K
NOI $33,885 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$893.0K
$781.4K – $1.04M
NOI $62,511 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,405
Businesses Nearby
Under-served
Demand for This Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant with first-floor dining, an occupied one-bedroom apartment, and a second gutted two-bedroom unit under CBD-G zoning.
Where is this conventional restaurant located?
The property is located at 65 Henry Law Avenue Dover, NH.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Zoned CBD‑G; 0.07‑acre lot; First‑floor dining seats 24 to 30 plus deck seating for 14 or more
