$2,000,000
SOLD MAR 2, 2021

50 Summer St Dover, NH 03820

-- Bed
10 Baths
11,570 Sq Ft
0.32 Acres

Recently Sold

$173 Per Sq Ft

3% Above List Price

4 Days on Market

Highlights

  • New Englander Architecture
  • Baseboard Heating
  • Walk-Up Access
  • 4 Car Detached Garage
  • Level Lot

About This Home

As of March 2021

Steady 100% occupied 10 unit within 1/2 mile from Downtown! Property consists of 2 building. 6 unit ( tenants pay their own gas heat and HW) and 4 unit ( oil heat) with detached 4 car brick building used as parking. Well cared property for with some recent upgrades. 5 of the 10 apartments are under market. Please contact Broker for pro-forma. Professional managed by Chinburg Management. All data / financials are readily available. CAP rate is 7.1%!!

Last Agent to Sell the Property

Jared Trayer

Chinburg Management, LLC License #058251 Listed on: 01/19/2021

Last Buyer's Agent

Faye Namazi

FARS Realty Group License #059108

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,000

Year Built

  • Built in 1890

Lot Details

  • 0.32 Acre Lot
  • Level Lot

Parking

  • 4 Car Detached Garage

Home Design

  • New Englander Architecture
  • Brick Exterior Construction
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 10 Full Bathrooms
  • 3-Story Property
  • Walk-Up Access

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Available at Street
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Block 99

Community Details

Overview

  • 10 Units

Building Details

  • 6 Separate Gas Meters
  • Operating Expense $58,000
  • Gross Income $190,740
  • Net Operating Income $143,272

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,000

Year Built

Built in 1890

Lot Details

0

Parking

4

Listing Details

  • Status Detail: Closed
  • Style: New Englander
  • Directions: 1/2 mile from Downtown. Heading south from downtown, right on to Summer Street. Property on left
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 172.86
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 23140
  • Sq Ft - Apx Total Finished: 11570
  • Property Type: Multi-Family
  • Year Built: 1890
  • Remarks Public: Steady 100% occupied 10 unit within 1/2 mile from Downtown! Property consists of 2 building. 6 unit ( tenants pay their own gas heat and HW) and 4 unit ( oil heat) with detached 4 car brick building used as parking. Well cared property for with some recent upgrades. 5 of the 10 apartments are under market. Please contact Broker for pro-forma. Professional managed by Chinburg Management. All data / financials are readily available. CAP rate is 7.1%!!
  • L A1 M M S I Memberkey: 20701
  • List Agent: 26204
  • L O1 Homesnapcom: Yes
  • L O1 M M S I Officekey: 73615
  • S A1 M M S I Memberkey: 21361
  • S O1 Homesnapcom: Yes
  • S O1 M M S I Officekey: 69799
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Concrete
  • Sq Ft - Apx Finished AG: 11570
  • Sq Ft - Apx Unfinished AG: 11570

Exterior Features

  • Construction: Wood Frame
  • Driveway: Paved
  • Exterior: Brick
  • Foundation: Concrete
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Shingle - Asphalt

Garage/Parking

  • Garage Capacity: 4
  • Garage: Yes
  • Garage Type: Detached

Utilities

  • Electric: On-Site
  • Sewer: Public Sewer at Street
  • Water: Public Water - At Street
  • Water Heater: Gas - Natural
  • Heating Fuel: Gas - Natural Available
  • Heating: Baseboard
  • Separate Utilities: Yes
  • Total Electric Meters: 10
  • Total Gas Meters: 6
  • Total Heat Units: 6
  • Total Ranges: 10
  • Total Refrigerators: 10
  • Total Water Heaters: 6
  • Utilities: Gas - At Street

Lot Info

  • Map: 12
  • Lot Sq Ft: 13939
  • Lot Acres: 0.32
  • Lot Description: Level
  • Surveyed: Unknown
  • Zoning: HR
  • Deed Book: 2381
  • Deed Page: 1
  • Deed Recorded Type: Limited Warranty Deed

Multi Family

  • Gross Income: 190740
  • Net Income: 143272
  • Total Full Baths: 10
  • Total Units: 10
  • Total2 Bedroom Units: 4
  • Total3 Plus Bedroom Units: 6

Tax Info

  • Tax Gross Amount: 20000
  • Tax Year: 2020

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2025 07/31/25 For Rent $2,800 +33.3% --
12/13/2021 12/13/21 Rented $2,100 0.0% --
11/18/2021 11/18/21 Under Contract -- -- --
11/04/2021 11/04/21 Price Changed $2,100 -4.5% $2 / Sq Ft
10/28/2021 10/28/21 For Rent $2,200 0.0% --
03/02/2021 03/02/21 Sold $2,000,000 +2.8% $173 / Sq Ft
01/23/2021 01/23/21 Pending -- -- --
01/19/2021 01/19/21 For Sale $1,945,000 -- $168 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2025

    Faye Namazi

    FARS Realty Group

    (603) 320-4545

    3 in this area

    9 Total Sales

    Faye Namazi
    Section Image
  • Jared Trayer

    Seller's Agent in 2021

    Jared Trayer

    Chinburg Management, LLC

    (603) 520-6468

    2 in this area

    6 Total Sales

    Jared Trayer
    Section Image
See All Agents

Map

Source: PrimeMLS

MLS Number: 4844518

PrimeMLS

APN: DOVR M:12099 B: L:

New Hampshire Strafford County Dover 03820

50 Summer St, Dover, NH

This home is located at 50 Summer St, Dover, NH 03820 and is currently priced at $2,000,000, approximately $172 per square foot. This property was built in 1890. 50 Summer St is a home located in Strafford County with nearby schools including Woodman Park School, Dover Middle School, and Dover Senior High School.

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