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    45AB Hanson St Rochester, NH 03867

    Sponsored
    For Sale
    $499,900

    Renovated Duplex w/ Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property in downtown Rochester, NH, presents a compelling investment opportunity. Completely renovated in 2020, the property includes a charming, meticulously updated duplex featuring a commercial space on the ground floor and a 2-bedroom apartment above. The extensive 2020 renovation encompassed all major systems, including the interior, HVAC, plumbing, roof, siding, and windows. The property boasts separate utilities, making it an ideal low-expense investment with potential for a triple net lease. Situated on an oversized 0.2-acre lot zoned DC, this property offers significant development potential. The existing zoning allows for flexible density and parking solutions, with the potential to add 7+ residential units. This pre-existing multifamily lot in a thriving downtown location provides a unique blend of immediate income and future expansion possibilities. The property offers a strong pro-forma NOI of $35,191 and a 7.04% cap rate, making it an attractive investment at an asking price of $499,900. Located at 45AB Hanson St, Rochester, NH 03867, this property is ready for a discerning investor seeking a blend of immediate return and long-term growth potential in a rapidly developing downtown area.

    Property Features for 45AB Hanson St

    General Information

    Property type
    Land
    Lot Size
    8,712 SF

    HighLights

    • $499,900 asking price for a 0.2‑acre commercial and residential land parcel.
    • 7.04% pro‑forma cap rate with a $35,191 pro‑forma NOI.
    • Located at 45AB Hanson St, Rochester, NH 03867, in Strafford County.
    • Completely remodeled in 2020, including interior, HVAC, plumbing, roof, siding, and windows.
    • Oversized lot with potential for 7+ additional residential units.
    • DC zoning allows flexible density and parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Strafford
    State
    New Hampshire
    Longitude
    -70.9745917
    Latitude
    43.3046218

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    FAQs

    What type of property is this?
    Land - Renovated Duplex w/ Development Potential
    Where is this land located?
    The property is located at 45AB Hanson St Rochester, NH.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: $499,900 asking price for a 0.2-acre commercial and residential land parcel.; 7.04% pro-forma cap rate with a $35,191 pro-forma NOI.; Located at 45AB Hanson St, Rochester, NH 03867, in Strafford County.
    (603) 431-1111
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    45AB Hanson St Rochester, NH 03867
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    Rochester, NH 03867
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    45AB Hanson St Rochester, NH 03867
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