Duplex with Attached
New
For Sale
$524,900
32 Alice Avenue, Hooksett, NH 03106
MULTI_FAMILY - Other - Hooksett, NH
Property Size2,073 SF
Lot Size0.80 Acres
Price / SF$253.21
Days on Market5
Property Features for 32 Alice Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MDR
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 1, Bathroom 3, Basement, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 2
Lot features
Landscaped
Standard status
Active
Size
2,073 SF
Lot size
0.80 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6582
Utilities
Heating system
Oil
Water source
Public
Amenities
covered front porch
mudroom
large basement
private backyard
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX Synergy · RE/MAX International
(603) 472-3900
Listed By:
Hannah Zona
(603) 647-8000
Added: Aug 6
Changed: Aug 10
Last Checked: Aug 10 at 7:06PM
MLS# 5103797
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 2,073-square-foot duplex property combines a four-bedroom main residence with an attached accessory dwelling unit. The primary home includes multiple living areas, an open kitchen with a center island, dining space, mudroom, covered front porch, and a large basement. The ADU provides a separate entrance along with its own kitchen, full bath, living area, and laundry facilities.
The property occupies 0.8 acres at 32 Alice Avenue in Hooksett, New Hampshire. Mature trees surround the wooded lot, while shopping, restaurants, and major commuter routes are located nearby. Built in 1920, the wood-frame property has oil heat, public water, and a shingle roof. Zoning is MDR.
The property occupies 0.8 acres at 32 Alice Avenue in Hooksett, New Hampshire. Mature trees surround the wooded lot, while shopping, restaurants, and major commuter routes are located nearby. Built in 1920, the wood-frame property has oil heat, public water, and a shingle roof. Zoning is MDR.
Key Highlights
- 2,073‑square‑foot duplex property with a four‑bedroom main residence
- Attached ADU includes a separate entrance, kitchen, full bath, living area, and laundry
- Set on 0.8 acres with mature trees and a wooded setting
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,777
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$595,540
$595.5K
Cap Rate 7%
$425,386
$425.4K
Cap Rate 9%
$330,856
$330.9K
Market Conditions
NOI Build-Up for 2,073 SF
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.
Gross rent
$44.8K $21.60/SF
− Vacancy
−$2.2K −$1.08/SF
EGI
$42.5K $20.52/SF
− OpEx
−$12.8K −$6.16/SF
NOI
$29.8K $14.36/SF
Area
Merrimack County, NH
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$595,540
Cap Rate 7%
$425,386
Cap Rate 9%
$330,856
Alternative Uses
Best Use
Multifamily LT 5
$425.4K
$372.2K – $496.3K
NOI $29,777 @ 7.0% cap · market cap 5.67%
Second Best
Apartment 5plus
$392.0K
$343.0K – $457.3K
NOI $27,439 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$539.8K
$472.3K – $629.7K
NOI $37,784 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Explore this area
Business Placement
Demographics for 03106, NH
14,799
Population
5,679
Households
2.6
Avg Household Size
42
Median Age
39%
College-Educated
94%
High-School Grad
36.0 sq mi
ZIP Area
411
Density / Sq Mi
$107,137
Median Household Income
$49,950
Median Earnings
$1,638
Median Rent
$371,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - An accessory unit adds a separate entrance, kitchen, full bath, living area, and laundry.
Where is this duplex located?
The property is located at 32 Alice Avenue Hooksett, NH.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: 2,073‑square‑foot duplex property with a four‑bedroom main residence; Attached ADU includes a separate entrance, kitchen, full bath, living area, and laundry; Set on 0.8 acres with mature trees and a wooded setting
