Overview

50-52 Summer Street | 11 ½ Hamilton Street

  • Price $2,600,000
  • Building Area 11,571± SF + 924± SF Garage
  • # of Units 10 Residential Units
  • Unit Profile Generously Sized Apartments
  • Zoning HR - Heritage Residential
  • Parking On-Site + Deeded Parking

OFFERING SUMMARY

The Boulos Company is pleased to present a 10-unit multifamily investment portfolio located at 50–52 Summer Street and 11 ½ Hamilton Street in Dover, New Hampshire, offered for sale at $2,600,000.

Ideally situated near Downtown Dover, this two-building portfolio offers a compelling investment opportunity distinguished by its predominantly spacious three-bedroom unit mix, substantial capital improvements, and potential for continued net operating income (NOI) growth. The property benefits from generously sized apartments, off-street parking, and a desirable location with convenient access to downtown amenities.

50–52 Summer Street consists of six (6) residential units totaling approximately 8,487± SF, while 11 ½ Hamilton Street includes four (4) residential units totaling approximately 3,084± SF. The portfolio also features a stand-alone 924± SF garage, providing additional parking and storage, with potential for future residential conversion or redevelopment, subject to applicable zoning and municipal approvals.

With significant capital improvements already completed, the portfolio presents investors with an opportunity to build upon existing improvements while pursuing rental upside and long-term appreciation. The combination of larger residential units, established improvements, and potential for increased NOI positions the property as an attractive investment in Dover’s multifamily market.

As part of the offering, the Seller will provide a credit of up to $50,000 at Closing toward identified electrical modernization work. Documentation outlining the proposed scope of work is available upon request.

The property is being offered at an asking price of: $2,600,000

Portfolio Breakdown

50–52 Summer Street | 6 Units | 8,487± SF

11 ½ Hamilton Street | 4 Units | 3,084± SF
Stand-Alone Garage | 924± SF

Parking | On-Site + Deeded Parking & Access Rights

Location Map

Demographics

Dover, NH

Demographic 5-Mile Radius
Population 62,806
Median Age 36.9
Average Household Size 2.3
Average Household Income $115,920
Businesses 4,406
Employees 33,990

Property History

The Marilla Ricker House | Circa 1890

50–52 Summer Street, historically known as the Marilla Ricker House, was home to pioneering attorney and women's suffrage advocate Marilla Marks Ricker.

Ricker became the first woman admitted to the New Hampshire Bar in 1890 and was admitted to practice before the U.S. Supreme Court in 1891. A prominent figure in Dover's history, she spent decades advocating for women's voting rights and legal equality.

Source: City of Dover / Dover Public Library Heritage Walking Tour

Team

Christian  Stallkamp

Christian Stallkamp

Partner | Senior Broker
The Boulos Company
Katherine Gemmecke

Katherine Gemmecke

Senior Associate
The Boulos Company