Side-by-Side Duplex
7 Patricia Street Somersworth, NH 03878
7 Patricia Street, Somersworth, NH, 03878
$500,000
For Sale
$500,000
Meticulously maintained side-by-side duplex with two occupied units, each offering three bedrooms and private basements.
Property Size1,728 SF
Price / SF$289.35
Days on Market71
Property Features for 7 Patricia Street
General Information
- Standard status
- Active
- Size
- 1,728 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1966
Listing agency
EXP Realty
(603) 988-8475
Listed by
Zachary Hill
(603) 988-8475
Source
Compass
Added: May 13 Updated: Jul 20 at 6:55PM Checked: Jul 21 at 8:11AM
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 EXP Realty
Investment Insights
Based on property information with market context.
This side-by-side duplex offers a one-level living layout in each unit, with 3 bedrooms and 1 full bathroom. The property is meticulously maintained and features separate driveways, individual backyards, and private basements that provide storage and laundry hookups for each unit.
Both units are currently occupied with month-to-month leases. Tenants are responsible for their own heat, hot water, and electricity.
The duplex is located at the end of a peaceful dead-end street. It is available for sale individually, or as part of a package with MLS #5088965.
Both units are currently occupied with month-to-month leases. Tenants are responsible for their own heat, hot water, and electricity.
The duplex is located at the end of a peaceful dead-end street. It is available for sale individually, or as part of a package with MLS #5088965.
Key Highlights
- Side‑by‑side duplex with two occupied units, each with a 1‑level layout featuring 3 bedrooms and 1 full bathroom
- Both units have month‑to‑month leases and are occupied
- Private features for each unit include separate driveways, individual backyards, and private full basements
Local Financial Insights For Multifamily LT 5
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 | $25.9k | $15.00 |
| − Vacancy | −$861 | −$0.50 |
| EGI | $25.1k | $14.50 |
| − OpEx | −$7.5k | −$4.35 |
| NOI | $17.5k | $10.15 |
1,728 SF · lease $15.00/SF/yr · vacancy 3.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$250.6K
$219.3K – $292.4K
NOI $17,542 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$231.1K
$202.2K – $269.6K
NOI $16,178 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$462.3K
$404.5K – $539.4K
NOI $32,361 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Meticulously maintained side-by-side duplex with two occupied units, each offering three bedrooms and private basements.
Where is this duplex located?
The property is located at 7 Patricia Street Somersworth, NH.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Side‑by‑side duplex with two occupied units, each with a 1‑level layout featuring 3 bedrooms and 1 full bathroom; Both units have month‑to‑month leases and are occupied; Private features for each unit include separate driveways, individual backyards, and private full basements
