48 New York Street
Property Description
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.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $549,000 |
| No. of Units: | 2 |
| Year Built: | 1900 |
| Lot Size: | 1,820.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $274,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 2 |
ID: 3yd-NNERENNH-5101414
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
18 Fortin Road
South Kingstown, Rhode Island
40 Barber Avenue
Central Falls, Rhode Island
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout