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  • Listed by: Keller Williams Realty Evolution • Davis B McVay
    $549,000

    48 New York Street, Dover, NH 03820

    4beds
    1,820sqft
    : 
    $3,897/mo
    Get pre-qualified
    Multi Family
    Built in 1900
    -- sqft lot
    $-- Zestimate®
    $302/sqft
    $-- HOA

    What's special

    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.
    28 days
    |
    1,204
    |
    44
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Davis B McVay,

    Keller Williams Realty Evolution Phone:978-729-1102

    Source: PrimeMLS,MLS#: 5101414MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Natural Gas, Hot Air, Hot Water
      Cooling
      • None
      Features
      • Basement: Concrete Floor,Full,Interior Stairs,Unfinished,Basement Stairs,Interior Entry
      Interior area
      • Total structure area: 2,730
      • Total interior livable area: 1,820 sqft
      • Finished area above ground: 1,820
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Shared Driveway, Paved, Off Street, On Site
      Features
      • Levels: Two
      • Frontage length: Road frontage: 72
      Lot
      • Size: 2,614 Square Feet
      • Features: City Lot, Level
      Details
      • Parcel number: DOVRM27064BL
      • Zoning description: CBD

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Wood Frame, Aluminum Siding
      • Foundation: Brick, Stone
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 1900

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Public Sewer
      • Water: Included, Public
      • Utilities for property: Cable

      Community & HOA

      Location
      • Region: Dover

      Financial & listing details

      • Price per square foot: $302/sqft
      • Tax assessed value: $376,700
      • Annual tax amount: $7,413
      • Date on market: 7/23/2026
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/23/2026Listed for sale$549,000+115.3%$302/sqft
        Source: PrimeMLS #5101414 Report a problem
        7/3/2025Listing removed$2,100$1/sqft
        Source: Zillow Rentals Report a problem
        6/23/2025Listed for rent$2,100$1/sqft
        Source: Zillow Rentals Report a problem
        6/14/2024Sold$255,000+15.9%$140/sqft
        Source: Public Record Report a problem
        3/15/2019Sold$220,000-2.2%$121/sqft
        Source: PrimeMLS #4719521 Report a problem
        11/10/2018Price change$225,000-5.5%$124/sqft
        Source: Hunkins Real Estate Inc. #4719521 Report a problem
        9/20/2018Listed for sale$238,000+190.2%$131/sqft
        Source: Hunkins Real Estate Inc. #4719521 Report a problem
        5/31/2001Sold$82,000$45/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$6,845 +14.5%$376,700 +17.8%
        2023$5,978 +1.3%$319,700 +7.5%
        2022$5,902 -2.9%$297,500 +6.2%
        2021$6,080 -1.9%$280,200 +12.3%
        2020$6,200 +7.8%$249,500 +9.3%
        2019$5,751 +6.3%$228,300 +5.2%
        2018$5,408 +19.7%$217,000 +24.3%
        2017$4,517 +2.8%$174,600 +4.4%
        2016$4,396 +4%$167,200 +5.2%
        2015$4,228 -3.2%$158,900 -8.6%
        2011$4,368 +5.8%$173,900
        2010$4,130 +13.7%$173,900 +1%
        2008$3,633 $172,200
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 03820

        Getting around

        89 / 100
        Very Walkable
        51 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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