Four-Unit Short-Term Rental
For Sale
$1,499,900
7 Dover Avenue, Hampton, NH 03842
A two-unit main house and two detached bungalows support seasonal stays and year-round use.
Property Size3,300 SF
Price / SF$454.52
Days on Market49
Property Features for 7 Dover Avenue
General Information
Standard status
Active
Size
3,300 SF
Property subtype
Multi-family
Lease Term
[]
Additional Details
Multifamily Units
4
Building Details
Year Built
1930
Buildings
3
Listing Agency:
RE/MAX Partners
Listed By:
The Carroll Group
(617) 571-3921
Source:
Foster-healey
Added: Sep 14
Changed: Oct 31
Last Checked: Nov 1 at 6:24AM
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 RE/MAX Partners
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Investment Insights
Based on property information with market context.
This Hampton property combines a two-unit main house with two separate two-bedroom, one-bath bungalows. The property totals 3,300 square feet and is zoned RB. Built in 1930, it has received roof replacements in 2018, ductless mini-split systems in all units, updated electrical, spray foam insulation, and windows installed in 2023–2024. One bungalow received new flooring in 2025.
The property is a short walk from Hampton Beach, restaurants, the casino, and local attractions. Units are usable year-round, and existing bookings may be assumed, including repeat summer renters.
The property is a short walk from Hampton Beach, restaurants, the casino, and local attractions. Units are usable year-round, and existing bookings may be assumed, including repeat summer renters.
Key Highlights
- Four total units: a two‑unit main house and two separate bungalows
- Each bungalow has 2 bedrooms and 1 bathroom
- 3,300 SF; zoned RB
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,077
Cap Rate
3.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,001,540
$1.0M
Cap Rate 7%
$715,386
$715.4K
Cap Rate 9%
$556,411
$556.4K
Market Conditions
NOI Build-Up for 3,300 SF
Gross rent
$95.0K $28.80/SF
− Vacancy
−$4.0K −$1.21/SF
EGI
$91.0K $27.59/SF
− OpEx
−$41.0K −$12.42/SF
NOI
$50.1K $15.17/SF
Area
Rockingham County, NH
Vacancy
4.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,001,540
Cap Rate 7%
$715,386
Cap Rate 9%
$556,411
Alternative Uses
Best Use
Apartment 5plus
$715.4K
$626.0K – $834.6K
NOI $50,077 @ 7.0% cap · market cap 3.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$961.3K – $1.28M
NOI $76,906 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
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Business Placement
Demographics for 03842, NH
16,048
Population
9,978
Households
1.6
Avg Household Size
53
Median Age
43%
College-Educated
96%
High-School Grad
12.8 sq mi
ZIP Area
1,254
Density / Sq Mi
$94,433
Median Household Income
$53,533
Median Earnings
$1,679
Median Rent
$491,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Short term rental property - A two-unit main house and two detached bungalows support seasonal stays and year-round use.
Where is this short term rental property located?
The property is located at 7 Dover Avenue Hampton, NH.
What is the asking price?
The asking price for this property is $1,499,900.
What are key features of this property?
This property features: Four total units: a two‑unit main house and two separate bungalows; Each bungalow has 2 bedrooms and 1 bathroom; 3,300 SF; zoned RB
