Updated Duplex with Private
81 Stark Avenue Dover, NH 03820
81 Stark Avenue, Dover, NH, 03820
$589,900
For Sale
$589,900
Well-maintained duplex with updated interiors, both units with laundry, and tenant-paid heat and hot water for lower operating costs.
Property Size2,549 SF
Price / SF$231.42
Days on Market48
Property Features for 81 Stark Avenue
General Information
- Standard status
- Active
- Size
- 2,549 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1850
Listing Agency
Central Falls Realty
(603) 285-0027
Listed by
Paula Forbes
(603) 285-0027
Source
Threehillsres
Added: Jun 4 Updated: Jul 10 at 1:49 pm Checked: Jul 19 at 6:09 am
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 Central Falls Realty
Investment Insights
Based on property information with market context.
This well-maintained duplex offers a two-unit setup with multiple recent updates. The front and back units have refreshed kitchens, new flooring, new windows, new siding, and a new front door. Heating is supported by a newer boiler, and the back unit’s heat is approximately 3–4 years old. Both units include laundry, and tenants pay their own heat and hot water, which can help reduce landlord-paid utilities. A private, semi-fenced backyard completes the property.
The property is located within walking distance to town. The income-generating front unit is currently leased at $3,000 per month, providing ongoing rental income in an owner-occupied or investment scenario.
From a tenant or buyer fit perspective, this is designed for straightforward, live-and-earn or rental-focused ownership, with two separate units and in-unit laundry for convenience. The extensive exterior and interior improvements noted in the updates can also simplify near-term maintenance planning, while tenant-paid heating and hot water help keep operating expenses more predictable.
The property is located within walking distance to town. The income-generating front unit is currently leased at $3,000 per month, providing ongoing rental income in an owner-occupied or investment scenario.
From a tenant or buyer fit perspective, this is designed for straightforward, live-and-earn or rental-focused ownership, with two separate units and in-unit laundry for convenience. The extensive exterior and interior improvements noted in the updates can also simplify near-term maintenance planning, while tenant-paid heating and hot water help keep operating expenses more predictable.
Key Highlights
- Well‑maintained duplex (built 1850) within walking distance to town
- Front unit is leased for $3,000/month
- Updates include new windows, new siding, new front door, new flooring, and refreshed kitchens in both units
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 | $38.2k | $15.00 |
| − Vacancy | −$1.3k | −$0.50 |
| EGI | $37.0k | $14.50 |
| − OpEx | −$11.1k | −$4.35 |
| NOI | $25.9k | $10.15 |
2,549 SF · lease $15.00/SF/yr · vacancy 3.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$369.7K
$323.5K – $431.3K
NOI $25,876 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$340.9K
$298.3K – $397.8K
NOI $23,865 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$681.9K
$596.7K – $795.6K
NOI $47,736 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with updated interiors, both units with laundry, and tenant-paid heat and hot water for lower operating costs.
Where is this duplex located?
The property is located at 81 Stark Avenue Dover, NH.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: Well‑maintained duplex (built 1850) within walking distance to town; Front unit is leased for $3,000/month; Updates include new windows, new siding, new front door, new flooring, and refreshed kitchens in both units
