Lakeside Multi-Family
26 Pine Rock Road Hillsborough, NH 03244
26 Pine Rock Road, Hillsborough, NH, 03244
$2,000,000
For Sale
$2,000,000
MULTI_FAMILY - Contemporary - Hillsborough, NH
Property Size4,080 SF
Lot Size1.30 Acres
Price / SF$490.20
Days on Market67
Property Features for 26 Pine Rock Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RURAL-
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 4, Bedroom 5, Basement, Bathroom 4
- Parking features
- Garage
- Patio and Porch features
- Deck
- Exterior features
- Balcony, Deck
- Appliances
- Water Heater off Boiler
- Standard status
- Active
- Size
- 4,080 SF
- Lot size
- 1.30 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7589
Utilities
- Heating system
- Baseboard, Hot Water(Heating), Ductless (Heating)
- Cooling system
- Ductless, Zoned
- Water source
- Well
- Water front
- 1
Building Details
- Year built
- 1955
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl
- Building materials
- Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Contemporary
Listing Agency
Keller Williams Realty-Metropolitan
(603) 232-8282
168 South River Rd., Bedford, NH
Listed by
Fine Homes Group International
(603) 232-8282
Added: May 15 Checked: Jul 20 at 4:06 am
MLS# 5089258
Listing URL
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.
Investment Insights
Based on property information with market context.
This lakeside compound includes a newly constructed duplex and an original shingled cottage, set on a generously sized, partially cleared parcel. The newly built duplex features crisp navy siding and a welcoming covered porch. Each residence offers a two-car garage with direct entry, with bright, open interiors that include luxury vinyl flooring and fresh finishes. Living, dining, and kitchen areas are connected on the main level with quartz surfaces, white cabinetry, and stainless appliances, opening to a covered composite deck.
Upstairs, primary suites face the water and include a balcony, ensuite bath, and a generous walk-in closet. In addition to the primary suites, three more bedrooms provide space for guests, extended stays, or flexible rental use. The shoreline portion also includes a legacy cottage on a grassy knoll, with mature trees providing natural shade along the water’s edge.
The property is located on the shores of Franklin Pierce Lake in Hillsborough, NH. With a cleared, buildable canvas on site, the layout supports different occupancy and income scenarios, including restoring the existing cottage, using the duplex for rental income, or adding additional structure on the parcel where permitted. An opportunity for buyers looking for multiple residential components in one lakeside setting.
Upstairs, primary suites face the water and include a balcony, ensuite bath, and a generous walk-in closet. In addition to the primary suites, three more bedrooms provide space for guests, extended stays, or flexible rental use. The shoreline portion also includes a legacy cottage on a grassy knoll, with mature trees providing natural shade along the water’s edge.
The property is located on the shores of Franklin Pierce Lake in Hillsborough, NH. With a cleared, buildable canvas on site, the layout supports different occupancy and income scenarios, including restoring the existing cottage, using the duplex for rental income, or adding additional structure on the parcel where permitted. An opportunity for buyers looking for multiple residential components in one lakeside setting.
Key Highlights
- Franklin Pierce Lake frontage with a mix of a vintage shingled cottage and a newly constructed duplex on the same property
- Year built 1955 with vinyl siding and a shingle roof; contemporary architectural style
- 6 bedrooms and 4 bathrooms plus a basement, with listed rooms including Bedrooms 1–6 and Bathrooms 1–4
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 | $90.6k | $22.20 |
| − Vacancy | −$5.0k | −$1.22 |
| EGI | $85.6k | $20.98 |
| − OpEx | −$25.7k | −$6.29 |
| NOI | $59.9k | $14.69 |
4,080 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$855.9K
$749.0K – $998.6K
NOI $59,916 @ 7.0% cap · market cap 3.00%
Second Best
Apartment 5plus
$793.0K
$693.9K – $925.2K
NOI $55,512 @ 7.0% cap · market cap 2.78%
Theoretical Best
Specialty Retail
$7.48M
$6.54M – $8.72M
NOI $523,260 @ 7.0% cap · market cap 26.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - A lakeshore property combining a newly built duplex, an original cottage, and a cleared buildable lot for flexible residential income use.
Where is this duplex located?
The property is located at 26 Pine Rock Road Hillsborough, NH.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Franklin Pierce Lake frontage with a mix of a vintage shingled cottage and a newly constructed duplex on the same property; Year built 1955 with vinyl siding and a shingle roof; contemporary architectural style; 6 bedrooms and 4 bathrooms plus a basement, with listed rooms including Bedrooms 1–6 and Bathrooms 1–4
