Side-by-Side Duplex
For Sale
$500,000
Pending
7 Patricia ST, Somersworth, NH 03878
Meticulously maintained side-by-side duplex with two occupied units, each offering three bedrooms and private basements.
Property Size1,728 SF
Days on Market173
Property Features for 7 Patricia ST
General Information
Standard status
Pending
Size
1,728 SF
Property subtype
Multi-Family
Zoning
R-1
Occupancy
100%
Additional Details
Road Access
Yes
Multifamily Units
2
Building Details
Building Size
1,728 SF
Year Built
1966
Stories
1
Tenancy
Multi
Listing Agency:
EXP Realty
Listed By:
Zachary M Hill
(603) 988-8475
Source:
Hometown-team
Added: May 4
Changed: Aug 24
Last Checked: Jul 24 at 1:36PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,542
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,840
$350.8K
Cap Rate 7%
$250,600
$250.6K
Cap Rate 9%
$194,911
$194.9K
Market Conditions
NOI Build-Up for 1,728 SF
Gross rent
$25.9K $15.00/SF
− Vacancy
−$861 −$0.50/SF
EGI
$25.1K $14.50/SF
− OpEx
−$7.5K −$4.35/SF
NOI
$17.5K $10.15/SF
Area
Strafford County, NH
Vacancy
3.32%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,840
Cap Rate 7%
$250,600
Cap Rate 9%
$194,911
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 authorities.
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Property Analytics
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Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
141
Businesses Nearby
Explore this area
Business Placement
Demographics for 03878, NH
11,919
Population
5,722
Households
2.1
Avg Household Size
40
Median Age
29%
College-Educated
95%
High-School Grad
9.8 sq mi
ZIP Area
1,216
Density / Sq Mi
$79,691
Median Household Income
$47,638
Median Earnings
$1,410
Median Rent
$295,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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 ST 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
