See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

48 New York Street, Dover, NH, 03820

4beds
2baths
1,820sqft
$549,000
$302price/sqft
$4,014/moest. monthly cost
$160,560/yrincome needed

About This Home

Whether you're looking to add another property to your portfolio or purchase your first investment, 48 New York Street is an opportunity you won't want to overlook. This fully occupied two-family home offers immediate cash flow with both units currently rented, generating $4,250 per month in rental income. Even better, tenants pay all utilities except water and sewer, helping keep operating expenses low. The home features upper and lower units, each offering 2 bedrooms, 1 full bathroom, and a bonus room that provides added flexibility for a home office, guest space, or additional living area. With practical layouts and established tenants already in place, this is a true turnkey investment. Outside, you'll find a low-maintenance lot and off-street parking for two vehicles, making ownership simple while providing everyday convenience for tenants. Located just minutes from downtown Dover, the property is close to restaurants, shopping, parks, the waterfront, and major commuter routes, making it a location that continues to attract strong rental demand. Whether you're expanding an established portfolio, completing a 1031 exchange, or taking your first step into multifamily investing, 48 New York Street checks all the boxes. Strong rental income, low-maintenance ownership, and a prime Dover location make this a smart investment with immediate returns and long-term potential.

Getting Around

89
WalkingVery Walkable
0
TransitVery Limited Transit
51
BikeBikeable

Schools

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Brick,Stone
  • Roof: Shingle
  • Construction materials: Wood Frame,Aluminum Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Basement

  • Has basement: Yes
  • Basement: Concrete Floor,Full,Interior Stairs,Unfinished,Basement Stairs,Interior Entry

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,820

Heating & Cooling

  • Heating features: Natural Gas,Hot Air,Hot Water
  • Cooling features: None

Interior Area

  • Total structure area: 2,730
  • Total interior livable area: 1,820 sqft

Property

Details

  • Parcel number: DOVRM27064BL
  • Zoning description: CBD

Features

  • Levels: Two
  • Frontage length: Road frontage: 72

Lot

  • Lot size: 2,614 sqft
  • Features: City Lot,Level

Parking

  • Parking features: Shared Driveway,Paved,Off Street,On Site

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Ice Storm
Lightning
Winter Weather
Tsunami

FEMA Declared Disasters Across New Hampshire Counties

Flood
Severe Storm
Snowstorm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,776$33,312
Home Insurance $140$1,680
Property Taxes $815$9,780
Electricity $283$3,398
Total$4,014$48,168

Income You'd Need if You Spent...

35% on housing$137,622/yr
40% on housing$120,420/yr
45% on housing$107,040/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 8.6%
8.6%
0%15.0%
Property Taxes Growth Rate2-year average: -1.1%
-1.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$302This listing

vs Other Active Listings

Avg $/sqft

ZIP 03820$338
Strafford County$255

vs Homes Sold Last Month

Median $/sqft

ZIP 03820$323
Strafford County$293

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-23Listed for sale$549,000
2025-07-03Listing removed$2,100
2025-06-23Listed for rent$2,100
2024-06-14Sold$255,000
2019-03-15Sold$220,000
2018-11-10Price change$225,000
2018-09-20Listed for sale$238,000
2001-05-31Sold$82,000

For Sale by Agent

AgentDavis B McVay
BrokerageKeller Williams Realty Evolution

Similar Homes