Multi-Family for Sale: 66 Grove Street, Dover, NH 03820

8 beds
3,451 sqft
$850,000
$850,000
66 Grove Street, Dover, NH 03820
8 beds
3,451 sqft
$850,000
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Price:
$850,000

Type Multi-Family
Style Colonial
Beds 8
Square Feet 3,451 sqft
Lot Size 0.23 acres
Year Built 1890
Taxes Paid $11,005

City Dover
County Strafford

MLS 5015929
Status Active Under Contract
DOM 43 days
Prime Investment Opportunity in Downtown Dover – 4-Unit Building with a 7.63% CAP Rate! Welcome to 66 Grove Street, a well-maintained 4-unit multi-family property offering an attractive 7.63% CAP rate in the heart of Dover, NH. This property provides a solid income stream and is a perfect addition to any investment portfolio. All units feature in-unit laundry for tenant convenience, making this property highly appealing in the rental market. With the landlord responsible for water & sewer and common area electric, tenant-paid utilities help keep operating costs low. Two of the units are occupied by tenants with housing assistance vouchers, ensuring reliable, consistent monthly income directly from their respective housing authorities. Key Features: - Four units with in-unit laundry & tenant paid utilities; - Two tenants on housing assistance, providing steady subsidized rent; - Landlord covers only water & sewer, and common electric utilities; - Ample off-street parking for tenants; - Strong rental history with potential for rent increases; - Located minutes from downtown Dover and local amenities; - Easy access to Route 16 for commuters; This property offers an excellent balance of convenience, low-maintenance management, and financial stability. Don’t miss this chance to own a solid investment with dependable cash flow and long-term appreciation potential! Showings begin at OPEN HOUSE 9/29/24 from 12:00 - 2:00. Agent interest.

Lot & Building Features

Utilities Cable
Construction Vinyl Siding, Wood Siding, Wood Frame
Cooling None
Heat Source Gas - Natural
Heating Baseboard, Hot Water
Sewer Public
Tax Year 2023
Taxes Paid $11,005
Water Public
Basement Description Bulkhead, Concrete Floor
Foundation Block, Poured Concrete, Brick
Lot Description City Lot, Level
Roof Shingle - Architectural
Garage No

Community and Schools

Elementary School Horne Street School
Junior High School Dover Middle School
Senior High School Dover High School

Unit Features

Unit 1 Baths 1
Unit 1 Bedrooms 1
Unit 1 Lease Term Annual
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 1750.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Status Leased
Unit 1 Tenant Pays Electric, Hot Water, Heat
Unit 2 Baths 1
Unit 2 Bedrooms 1
Unit 2 Lease Term Month to Month
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 1400.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Status Leased
Unit 2 Tenant Pays Electric, Hot Water, Heat
Unit 3 Baths 1
Unit 3 Bedrooms 3
Unit 3 Lease Term Annual
Unit 3 Rental Agreement Yes
Unit 3 Rental Amount 2500.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Status Leased
Unit 3 Tenant Pays Electric, Hot Water, Heat
Unit 4 Baths 1
Unit 4 Bedrooms 3
Unit 4 Lease Term Annual
Unit 4 Rental Agreement Yes
Unit 4 Rental Amount 550.00
Unit 4 Rental Amt Freq Weekly
Unit 4 Status Leased
Unit 4 Tenant Pays Electric, Hot Water, Heat

Price History of 66 Grove Street, Dover, NH

Date Name Price Difference
09/25/2024 Listing Price $850,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 66 Grove Street, Dover, NH

Location Map Street View
Photo of Emily Balkus
Emily Balkus
REALTOR®
Direct: 603-489-9875
Office
185 Plaistow Road, Suite 1
Plaistow, NH 03865
603-382-0360
Listed by New Space Real Estate, LLC, Tyler Allen
$
20%
1.2947058823529%
6.75%
$
$
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Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

66 Grove Street (MLS #5015929) is a multi-family listing located in Dover, NH. This multi-family listing is 3,451 sqft and on a lot of 10,019 sqft (or 0.23 acres) and is 134 years old. This property was listed on 09/25/2024 and has been priced for sale at $850,000.

Nearby zip codes are 03820 3236, 03823, 03869, 03878 and 08320. This property neighbors other cities such as Berwick, Durham, Madbury, Rollinsford and Somersworth.

PrimeMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: New Space Real Estate, LLC

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers. personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/08/2024