INNOVATE Real Estate
Residential Income at 48 New York Street, Dover
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$549,000

48 New York Street
Dover, NH 03820
Listed by Davis B McVay · Keller Williams Realty Evolution
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1900

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.

Property details

MLS #
5101414
Property type
Residential Income
Subdivision
N/A
Status
Active
Days on market
20
On market date
N/A
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.06 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Horne Street School
0.79 mi away · Grades 0-4
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
373
Student:teacher ratio
11.7:1
District
Dover School District
Middle
Dover Middle School
1.75 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,071
Student:teacher ratio
14.5:1
District
Dover School District
HighCharter
Cocheco Academy for the Arts
1.15 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
36
Student:teacher ratio
7.2:1
District
Cocheco Arts And Technology Academy

Walkability

Blended score for Dover's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

71
Walkable
out of 100
EPA National Walkability Index
10.2 / 20 -- Below average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores7
Parks14
Schools12
Transit stops20
Pharmacies2

Market position

How this listing compares to current activity in Dover, from live MLS data.

On the market 20 days -- 91 fewer days than Dover's current average of 111 days.
For reference, the median list price across 183 active listings in Dover right now is $579,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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% / yr
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/mo
Est. monthly payment
$3,456/mo
$109,800 down
$439,200 loan
Principal & interest$2,849
Property tax (est.)$458
Home insurance (est.)$150

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Copyright 2026 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site 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 07/29/26.