Walpole Multi-Family Investment
5 - 9 Merchant Street, Walpole, NH 03609
Multi-Family - Walpole, NH
Property size:
11,690 SFLot size:
0.33 AcresPrice / SF:
$106/SF- Added:
- Nov 7, 2025
- Days on Market:
- 196
- Last Refresh:
- May 22 at 12:06 am
Property Features for 5 - 9 Merchant Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- residential
- Rooms
- Basement
- Parking
- 1
- Parking features
- Garage
- Basement Y/N
- 1
- Appliances
- Range, Refrigerator
- Standard status
- Active
- Size
- 11,690 SF
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 25351
Utilities
- Heating system
- Propane (Heating)
Building Details
- Year built
- 1892
- Floors in Building
- 2.5
- Number of units
- 14
- Roof type
- Asphalt, Metal, Shingle
- Architectural style
- Other
Listing agent Robert Inman (603) 357-4100
Listing office RE/MAX Town & Country 117 West St., Keene, NH (603) 357-4100
Listing date Nov 7, 2025
MLS# 5069029
Listing URL
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HighLights
- 14‑unit investment property: 13 units well‑maintained, 1 to be finished.
- Updates in nearly every apartment: modern kitchens, fresh paint, and new flooring.
- Increase net operating income: transition to tenant‑paid utilities with individual meters already installed.
- Huge unfinished area on two upper floors: suitable for adding one or two apartments.
- One‑car garage provides opportunity for additional income.
- Long‑term attentive tenants and excellent reputation in the neighborhood.
Overview
This multi-family property in North Walpole, NH, presents an investment opportunity with stability and potential for future growth. The property comprises two side-by-side apartment buildings with a total of 13 well-maintained units and a 14th unit to be finished. Updates have been completed in nearly every apartment, including modern kitchens, fresh paint, and new flooring. Only one unit remains to be finished. The buildings benefit from long-term tenants and have an excellent reputation in the neighborhood. Additional features include a one-car garage that can generate extra income and a large unfinished area spanning two upper floors, suitable for adding a spacious new apartment or two smaller units. The property is located on a 0.33-acre lot. The property has 11,690 square feet of space. Current rents include some utilities, but individual meters are installed, offering the potential to transition to tenant-paid utilities and increase net operating income. This is a turnkey investment with strong performance, proven stability, and clear pathways for growth.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Map
- City
- Walpole
- County
- Cheshire
- State
- New Hampshire
- Longitude
- -72.4461
- Latitude
- 43.1467
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Solid income property with 13 units plus one to finish.
Where is this apartment building located?
The property is located at 5 - 9 Merchant Street Walpole, NH.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 14‑unit investment property: 13 units well‑maintained, 1 to be finished.; Updates in nearly every apartment: modern kitchens, fresh paint, and new flooring.; Increase net operating income: transition to tenant‑paid utilities with individual meters already installed.
