Two-Family Residential Income
For Sale
$749,900
9 Arch St, Dover, NH 03820
Well-maintained two-unit home with hardwood floors, in-unit laundry, and direct side yard access plus an attached barn.
Property Size3,626 SF
Price / SF$206.81
Days on Market65
Property Features for 9 Arch St
General Information
Standard status
Active
Size
3,626 SF
Total Parking Spaces
4
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$14,494
Building Details
Tenancy
Multi
Listing Agency:
EXP Realty
(603) 978-6666
Listed By:
Lee Ann A Parks
(603) 978-6666
Source:
Exprealty
Added: Jun 21
Changed: Aug 23
Last Checked: Jul 23 at 3:21AM
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 well-maintained two-family residential property offers two separate units with character and abundant natural light. The first-floor unit includes two bedrooms, a living room, in-unit laundry, and a large storage room. It also features a second-bedroom layout that can function as a home office or guest space, along with direct access to the side yard and the attached barn. The second unit spans the second and third floors and provides four bedrooms, a bright living room, and an updated kitchen with granite countertops and stainless-steel appliances. Built-in storage and generous closet space are present throughout, and both apartments have hardwood flooring.
The property includes a large attached barn that can support storage, workshop, or hobby use. Each unit is served by two dedicated off-street parking spaces for added convenience.
The property includes a large attached barn that can support storage, workshop, or hobby use. Each unit is served by two dedicated off-street parking spaces for added convenience.
Key Highlights
- Two‑family home built in 1880 with hardwood floors and abundant natural light in both units
- First‑floor unit has 2 bedrooms, a living room, in‑unit laundry, and a large storage room
- Second unit spans 2nd and 3rd floors with 4 bedrooms, bright living room, built‑in storage, and generous closet space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,809
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$736,180
$736.2K
Cap Rate 7%
$525,843
$525.8K
Cap Rate 9%
$408,989
$409.0K
Market Conditions
NOI Build-Up for 3,626 SF
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.
Gross rent
$54.4K $15.00/SF
− Vacancy
−$1.8K −$0.50/SF
EGI
$52.6K $14.50/SF
− OpEx
−$15.8K −$4.35/SF
NOI
$36.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$736,180
Cap Rate 7%
$525,843
Cap Rate 9%
$408,989
Alternative Uses
Best Use
Multifamily LT 5
$525.8K
$460.1K – $613.5K
NOI $36,809 @ 7.0% cap · market cap 4.91%
Second Best
Apartment 5plus
$485.0K
$424.4K – $565.8K
NOI $33,948 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$970.1K
$848.8K – $1.13M
NOI $67,905 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
732
Businesses Nearby
Explore this area
Business Placement
Demographics for 03820, NH
32,800
Population
15,460
Households
2.1
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
27.3 sq mi
ZIP Area
1,201
Density / Sq Mi
$92,793
Median Household Income
$53,890
Median Earnings
$1,540
Median Rent
$397,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-unit home with hardwood floors, in-unit laundry, and direct side yard access plus an attached barn.
Where is this duplex located?
The property is located at 9 Arch St Dover, NH.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Two‑family home built in 1880 with hardwood floors and abundant natural light in both units; First‑floor unit has 2 bedrooms, a living room, in‑unit laundry, and a large storage room; Second unit spans 2nd and 3rd floors with 4 bedrooms, bright living room, built‑in storage, and generous closet space
