179-181 N State Street, Concord, NH 03301
MULTI_FAMILY - Other - Concord, NH
- Added:
- Jul 8, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 9 at 4:06 am
Property Features for 179-181 N State Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- UT
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 6, Bedroom 5, Bedroom 4, Bedroom 1, Basement, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 2
- Parking features
- Assigned, Driveway, Off Street
- Patio and Porch features
- Porch
- Exterior features
- Covered Porch
- Standard status
- Active
- Size
- 2,285 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7318
Utilities
- Utilities
- Cable Available
- Heating system
- Hot Water(Heating), Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1860
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Wood
- Building materials
- Wood Frame
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Cami Navoy (603) 610-8500
Listing office KW Coastal and Lakes & Mountains Realty/Meredith 66 NH Route 25, Portsmouth, NH (603) 569-4663
Listing date Jul 8, 2026
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Circa‑1860 two‑family on a corner lot with 2,285 sq ft total and 12 rooms
- 6 total bedrooms across two units, plus 1 full basement
- Separate meters; tenants pay their own heat, hot water, and electric
- Natural gas heating with hot water heat and forced air; city water and sewer
- Assigned off‑street parking with driveway
- Asphalt shingle roof; wood frame construction with a covered porch
Overview
Set on a corner lot at 179-181 N State Street in Concord’s North End, the address runs straight down N State toward downtown. The remarks indicate the State House is about a mile away, with Concord Hospital and I-93/I-393 minutes from the property. The property is identified with zoning UT.
From a tenant and owner-occupant standpoint, the layout supports separate living arrangements while keeping utility billing segmented through the existing meter setup. For investors or portfolio buyers, it provides an established two-unit configuration with long-term tenants currently in place, with heating and electrical responsibility carried by the occupants per the stated terms. Consider this option if you want a classic two-family scale with city services and a straightforward owner/operator use plan.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.4k | $21.60 |
| − Vacancy | −$2.5k | −$1.08 |
| EGI | $46.9k | $20.52 |
| − OpEx | −$14.1k | −$6.16 |
| NOI | $32.8k | $14.36 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Concord
- County
- Merrimack
- State
- New Hampshire
- Longitude
- -71.5490853
- Latitude
- 43.2186476
