Mixed-Use Property with Detached Commercial
New
For Sale
$1,225,000
92 Cass Street, Portsmouth, NH 03801
Multi-Family, Portsmouth, NH
Property Size3,017 SF
Lot Size0.09 Acres
Price / SF$406.03
Days on Market1
Property Features for 92 Cass Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CD4-L2
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 2, Bedroom 2, Bathroom 6, Bedroom 3, Bedroom 5, Bathroom 1, Bathroom 4, Bathroom 5, Bedroom 6, Basement, Bedroom 1, Bedroom 4, Bathroom 3
Parking features
Off Street
Appliances
Electric Water Heater, Owned Water Heater
Lot features
Corner, Level, Neighbor Business, Sidewalks, Street Lights, Trail/ Near Trail, In Town, Near Country Club, Near Golf Course, Near Paths, Near Shopping, Neighborhood, Near Public Transport, Near Hospital, Near School(s)
Elementary school
Little Harbor School
Middle school
Portsmouth Middle School
High school
Portsmouth High School
Elementary school district
Portsmouth
Middle school district
Portsmouth
High school district
Portsmouth
Directions
GPS friendly location.
Standard status
Active
Size
3,017 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9764
Utilities
Heating system
Natural Gas
Water source
Public
Amenities
on-site parking
shared outdoor spaces
Building Details
Year built
1950
Floors in Building
2
Number of units
6
Flooring type
Vinyl, Laminate, Carpet, Hardwood
Building materials
Wood Frame
Roof type
Shingle, Fiberglass
Architectural style
Colonial
Listing Agency:
Duston Leddy Real Estate
(603) 610-8285
Listed By:
Kirstin Stallkamp
(603) 661-8127
Added: Oct 7
Last Checked: Oct 7 at 7:06PM
MLS# 5113299
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.
Investment Insights
Based on property information with market context.
This Portsmouth mixed-use property combines a residential building with a detached commercial space of approximately 520 square feet. The residential component has five apartments: a studio, two two-room studios, a one-bedroom, and a two-bedroom, arranged over two floors. The property totals 3,017 square feet on a 0.09-acre parcel and includes off-street parking and shared outdoor areas. It is fully occupied, with the commercial space occupied by a pet-grooming business.
Improvements include newer furnaces in both buildings, replacement windows, a new water heater, and a newer roof. The residential exterior was painted in 2025, the commercial exterior in 2024, and the commercial heating system was replaced in 2025. The property is in the CD4-L2 zoning district, which the listing states permits 5–8 units, and is offered as is.
Improvements include newer furnaces in both buildings, replacement windows, a new water heater, and a newer roof. The residential exterior was painted in 2025, the commercial exterior in 2024, and the commercial heating system was replaced in 2025. The property is in the CD4-L2 zoning district, which the listing states permits 5–8 units, and is offered as is.
Key Highlights
- Five residential apartments plus a detached commercial building
- Detached commercial space measures approximately 520 square feet and is occupied by a pet‑grooming business
- 3,017 square feet on a 0.09‑acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,782
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$915,640
$915.6K
Cap Rate 7%
$654,029
$654.0K
Cap Rate 9%
$508,689
$508.7K
Market Conditions
NOI Build-Up for 3,017 SF
Gross rent
$86.9K $28.80/SF
− Vacancy
−$3.6K −$1.21/SF
EGI
$83.2K $27.59/SF
− OpEx
−$37.5K −$12.42/SF
NOI
$45.8K $15.17/SF
Area
Rockingham County, NH
Vacancy
4.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$915,640
Cap Rate 7%
$654,029
Cap Rate 9%
$508,689
Alternative Uses
Best Use
Apartment 5plus
$654.0K
$572.3K – $763.0K
NOI $45,782 @ 7.0% cap · market cap 3.74%
Second Best
Mixed Use
$401.5K
$351.3K – $468.4K
NOI $28,103 @ 7.0% cap · market cap 2.29%
Theoretical Best
Office A
$1.00M
$878.9K – $1.17M
NOI $70,311 @ 7.0% cap · market cap 5.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,435
Businesses Nearby
Explore this area
Business Placement
Demographics for 03801, NH
22,767
Population
11,448
Households
2
Avg Household Size
43
Median Age
63%
College-Educated
98%
High-School Grad
23.8 sq mi
ZIP Area
957
Density / Sq Mi
$106,520
Median Household Income
$65,984
Median Earnings
$1,783
Median Rent
$647,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential apartments pair with a separate commercial space, with off-street parking and shared outdoor areas.
Where is this mixed-use property located?
The property is located at 92 Cass Street Portsmouth, NH.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Five residential apartments plus a detached commercial building; Detached commercial space measures approximately 520 square feet and is occupied by a pet‑grooming business; 3,017 square feet on a 0.09‑acre parcel
