Duplex with Private
For Sale
$565,000
71 Kelleys Corner Road, Chichester, NH 03258
MULTI_FAMILY - Other - Chichester, NH
Property Size3,883 SF
Lot Size2.48 Acres
Price / SF$145.51
Days on Market50
Property Features for 71 Kelleys Corner Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Multi Family Dwellings
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 3, Bathroom 2
Lot features
Wooded
Standard status
Active
Size
3,883 SF
Lot size
2.48 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9924
Utilities
Utilities
Propane
Heating system
Forced Air
Water source
Well
Building Details
Year built
1990
Floors in Building
2
Number of units
2
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Coldwell Banker Realty Nashua · Coldwell Banker Real Estate
(603) 673-4000
Listed By:
Constance Spencer
(603) 848-9559
Added: Jun 20
Changed: Aug 4
Last Checked: Aug 8 at 2:06PM
MLS# 5095830
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 duplex-style multi-family property offers two separate living areas on 2.48 partially wooded acres. The upstairs unit is described as modern and nicely remodeled, featuring in-unit laundry and a private deck. The first floor is occupied on a month-to-month basis and includes one full bath and two half baths, with high ceilings and substantial space that the property describes as having previously been a third unit daycare. The layout is positioned to be expanded into a larger owner-occupied configuration, with the buyer asked to perform due diligence.
Separate utilities are a major functional feature, with three distinct heating sources and three separate electric services. The home is heated by forced air and connects to a well with propane utilities. Exterior construction materials include vinyl siding, and the roof is shingled.
Built in 1990, the property also includes a large lawn, a wooded setting, and an abundance of parking. The combination of separate utility systems and current occupancy supports flexibility for both investors and owner-occupants.
Separate utilities are a major functional feature, with three distinct heating sources and three separate electric services. The home is heated by forced air and connects to a well with propane utilities. Exterior construction materials include vinyl siding, and the roof is shingled.
Built in 1990, the property also includes a large lawn, a wooded setting, and an abundance of parking. The combination of separate utility systems and current occupancy supports flexibility for both investors and owner-occupants.
Key Highlights
- 2.48‑acre property on partially wooded rural land
- Upstairs unit includes in‑unit laundry and a private deck
- First‑floor space occupied on a month‑to‑month basis
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
$51,397
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
9.10%
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%
$1,027,940
$1.0M
Cap Rate 7%
$734,243
$734.2K
Cap Rate 9%
$571,078
$571.1K
Market Conditions
NOI Build-Up for 3,883 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
$97.9K $25.20/SF
− Vacancy
−$4.4K −$1.13/SF
EGI
$93.4K $24.07/SF
− OpEx
−$42.1K −$10.83/SF
NOI
$51.4K $13.24/SF
Area
Merrimack County, NH
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
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%
$1,027,940
Cap Rate 7%
$734,243
Cap Rate 9%
$571,078
Alternative Uses
Best Use
Multifamily LT 5
$796.8K
$697.2K – $929.6K
NOI $55,775 @ 7.0% cap · market cap 9.87%
Second Best
Apartment 5plus
$734.2K
$642.5K – $856.6K
NOI $51,397 @ 7.0% cap · market cap 9.10%
Theoretical Best
Office A
$1.01M
$884.7K – $1.18M
NOI $70,774 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 03258, NH
2,625
Population
1,097
Households
2.4
Avg Household Size
46
Median Age
37%
College-Educated
97%
High-School Grad
21.2 sq mi
ZIP Area
124
Density / Sq Mi
$111,607
Median Household Income
$54,529
Median Earnings
$1,700
Median Rent
$360,300
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 - Duplex-style multi-family home on partially wooded acreage with in-unit laundry, a private deck, and separate utilities.
Where is this duplex located?
The property is located at 71 Kelleys Corner Road Chichester, NH.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 2.48‑acre property on partially wooded rural land; Upstairs unit includes in‑unit laundry and a private deck; First‑floor space occupied on a month‑to‑month basis
