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    Multi-Family Compound with Ductless HVAC Title is generated by Realmo AI

    7 Dover Avenue, Hampton, NH 01830

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    For Sale
    $1,500,000

    MULTI_FAMILY - Bungalow - Hampton, NH

    Property size:
    3,300 SF
    Lot size:
    0.75 Acres
    Price / SF:
    $454/SF
    Added:
    Mar 19, 2026
    Days on Market:
    78
    Last Refresh:
    Jun 4 at 5:06 pm

    Property Features for 7 Dover Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RB
    Parking features
    Off Street
    Standard status
    Active
    Size
    3,300 SF
    Lot size
    0.75 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    11000

    Utilities

    Heating system
    Ductless (Heating)
    Cooling system
    Ductless

    Building Details

    Year built
    1930
    Floors in Building
    2
    Number of units
    4
    Building materials
    Aluminum Siding
    Roof type
    Shingle
    Architectural style
    Bungalow

    We can help!

    Listing Contact
    Carl Strube

    Listing agent Carl Strube

    Listing office RE/MAX Partners 44 Park Street, Andover, NH

    Listing date Mar 19, 2026

    MLS# 5079701 Listing URL

    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.

    HighLights

    • Prime Hampton Beach compound with a two‑family 6‑bedroom home plus two 2‑bedroom bungalows on one property
    • Past few years improvements include new roofs, new siding, and updated electrical
    • Ductless mini‑splits for heat and AC in all units
    • New insulation and new windows
    • Year built 1930 bungalow‑style architecture
    • Off‑street parking; appliances and furnishings included in the sale

    Overview

    This for-sale multi-family compound includes a two-family, six-bedroom home along with two separate two-bedroom bungalows on the same property. Recent improvements reported by the seller include new roofs and siding, updated electrical, added insulation, new windows, and ductless mini-split systems providing heating and air conditioning in all units. The above-ground finished area is approximate, and some rooms shown in the photos may not represent the full layout of the property. Appliances and furnishings are included with the sale.

    The property is zoned RB and is located at 7 Dover Avenue in Hampton, New Hampshire. The seller notes the asset is currently generating seasonal income and that the buyer may take over 2026 reservations. Buyers should conduct all due diligence regarding the property, units, and any reservation-related details.

    For investors or family buyers seeking a multi-unit setup, the combination of three distinct structures on one site can simplify operations while offering multiple unit configurations within the same compound. The ductless mini-split HVAC systems and recent exterior and interior updates may reduce near-term capital needs compared to older systems. As with any multi-unit purchase, confirm all specifications, condition elements, and unit performance assumptions during due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Spa & Massage Center Restaurant Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store Department Store Food Market Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hampton
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -70.813747
    Latitude
    42.900822

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    FAQs

    What type of property is this?
    Quadplex - Four-unit compound features a two-family home and two bungalows, with recent roof, siding, electrical, and ductless mini-split updates.
    Where is this quadplex located?
    The property is located at 7 Dover Avenue Hampton, NH.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Prime Hampton Beach compound with a two‑family 6‑bedroom home plus two 2‑bedroom bungalows on one property; Past few years improvements include new roofs, new siding, and updated electrical; Ductless mini‑splits for heat and AC in all units
    (404) 255-8660
    We can help!
    Listing Contact
    Carl Strube
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    7 Dover Avenue, Hampton, NH 01830-3031
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