Mixed-Use Building with
For Sale
$375,000
80 Chestnut Hill Road, Rochester, NH 03867
Multi-Family, Rochester, NH
Property Size2,254 SF
Lot Size0.40 Acres
Price / SF$166.37
Days on Market138
Property Features for 80 Chestnut Hill Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
NMU
Rooms
Basement
Lot features
Level
Standard status
Active
Size
2,254 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5456
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Hot Water(Heating)
Water source
Public
Building Details
Year built
1920
Floors in Building
1
Number of units
2
Building materials
Vinyl Siding
Roof type
Shingle, Membrane
Architectural style
Other
Listing Agency:
REAL Broker NH, LLC
Listed By:
Orion Moquin
(855) 450-0442
Added: Jun 8
Changed: Oct 21
Last Checked: Oct 23 at 1:06PM
MLS# 5093470
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.
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Investment Insights
Based on property information with market context.
Located at 80 Chestnut Hill Road, this 2,254-square-foot mixed-use property pairs approximately 1,400 square feet of open commercial space with a separate two-bedroom apartment. The commercial area has served as a TV repair shop for more than twenty years and offers a street-oriented layout adaptable to uses such as professional office, salon, café, restaurant, boutique, florist, or artist studio, subject to applicable approvals. The residential unit is occupied by long-term tenants.
The property includes an oversized grandfathered sign at the street, paved parking, an attached carport, and a deep 0.4-acre lot. Built in 1920, the building has vinyl siding, hot water heating, public water, public sewer, cable availability, and a combination membrane and shingle roof. Zoning is NMU, or Neighborhood Mixed Use. The site is positioned between downtown Rochester and The Ridge, with access to Routes 16, 11, and 125.
The property includes an oversized grandfathered sign at the street, paved parking, an attached carport, and a deep 0.4-acre lot. Built in 1920, the building has vinyl siding, hot water heating, public water, public sewer, cable availability, and a combination membrane and shingle roof. Zoning is NMU, or Neighborhood Mixed Use. The site is positioned between downtown Rochester and The Ridge, with access to Routes 16, 11, and 125.
Key Highlights
- Approximately 1,400 SF of open street‑facing commercial space
- Separate 2‑bedroom apartment with long‑term tenants
- NMU zoning: Neighborhood Mixed Use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,779
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,580
$615.6K
Cap Rate 7%
$439,700
$439.7K
Cap Rate 9%
$341,989
$342.0K
Market Conditions
NOI Build-Up for 2,254 SF
Gross rent
$47.3K $21.00/SF
− Vacancy
−$6.3K −$2.79/SF
EGI
$41.0K $18.21/SF
− OpEx
−$10.3K −$4.55/SF
NOI
$30.8K $13.66/SF
Area
Strafford County, NH
Vacancy
13.30%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,580
Cap Rate 7%
$439,700
Cap Rate 9%
$341,989
Alternative Uses
Best Use
Office B
$439.7K
$384.7K – $513.0K
NOI $30,779 @ 7.0% cap · market cap 8.21%
Second Best
Retail
$390.3K
$341.5K – $455.4K
NOI $27,321 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$603.0K
$527.6K – $703.5K
NOI $42,211 @ 7.0% cap · market cap 11.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Explore this area
Business Placement
Demographics for 03867, NH
22,369
Population
10,458
Households
2.1
Avg Household Size
44
Median Age
25%
College-Educated
93%
High-School Grad
28.4 sq mi
ZIP Area
788
Density / Sq Mi
$74,397
Median Household Income
$42,613
Median Earnings
$1,217
Median Rent
$259,200
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Neighborhood Mixed Use property combines street-facing commercial space with a rented two-bedroom apartment.
Where is this mixed-use property located?
The property is located at 80 Chestnut Hill Road Rochester, NH.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Approximately 1,400 SF of open street‑facing commercial space; Separate 2‑bedroom apartment with long‑term tenants; NMU zoning: Neighborhood Mixed Use
