




48 New York Street, Dover, NH, 03820
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
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
- Lightning
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across New Hampshire Counties
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
| Monthly | Annual | |
|---|---|---|
| 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...
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-23 | Listed for sale | $549,000 |
| 2025-07-03 | Listing removed | $2,100 |
| 2025-06-23 | Listed for rent | $2,100 |
| 2024-06-14 | Sold | $255,000 |
| 2019-03-15 | Sold | $220,000 |
| 2018-11-10 | Price change | $225,000 |
| 2018-09-20 | Listed for sale | $238,000 |
| 2001-05-31 | Sold | $82,000 |
