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    Duplex Residential Income Property Title is generated by Realmo AI

    1 Morrison Avenue, Tilton, NH 03276

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    Claim this Listing
    For Sale
    Under Contract
    $419,900

    MULTI_FAMILY - Other - Tilton, NH

    Property size:
    1,798 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $233/SF
    Added:
    Mar 26, 2026
    Days on Market:
    77
    Last Refresh:
    Jun 10 at 6:06 am

    Property Features for 1 Morrison Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    MU
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 4, Basement, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1
    Standard status
    Active Under Contract
    Size
    1,798 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4549

    Utilities

    Heating system
    Baseboard, Natural Gas, Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1904
    Floors in Building
    2
    Number of units
    2
    Building materials
    Wood Frame, Vinyl Exterior, Vinyl Siding
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Paul Marino

    Listing agent Paul Marino

    Listing office WWW.FLATFEEMLS4FREE.COM 44 Fisher Pond Rd, Nashua, NH

    Listing date Mar 26, 2026

    MLS# 5080943 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.

    HighLights

    • Duplex built in 1904 with public water
    • Wood‑frame construction with vinyl siding and vinyl exterior finishes
    • Natural gas hot water heating with baseboard heating
    • Shingle roof and basement included
    • Layout includes 4 bedrooms and 2 bathrooms, plus basement space
    • Both units are currently occupied by long‑term tenants on month‑to‑month tenancies; 48‑hour notice required for access

    Overview

    This duplex residential income property offers a two-unit layout with both units currently occupied. The home is described as having good curb appeal and is sized at 1,798 square feet. The property sits on a 0.18-acre lot.

    The address is 1 Morrison Avenue in Tilton, New Hampshire. The listing notes a very convenient location close to many local amenities. For viewings, 48 hours’ notice is required to coordinate access with both tenants.

    The configuration supports flexible occupancy options, including the ability for an owner to live in one unit while renting the other, or renting both units. Because both tenants are on month-to-month tenancies, prospective buyers should plan for coordination around existing occupancy and viewing scheduling.

    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 $38.8k $21.60
    − Vacancy −$1.4k −$0.76
    EGI $37.5k $20.84
    − OpEx −$11.2k −$6.25
    NOI $26.2k $14.59
    1,798 SF · lease $21.60/SF/yr · vacancy 3.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $374.8K
    $327.9K – $437.2K (±1% cap)
    NOI $26,234 @ 7.0% cap · market cap 6.25%
    Second Best
    Apartment 5plus
    $344.6K
    $301.5K – $402.1K (±1% cap)
    NOI $24,123 @ 7.0% cap · market cap 5.74%
    Theoretical Best
    Office A
    $427.6K
    $374.1K – $498.8K (±1% cap)
    NOI $29,930 @ 7.0% cap · market cap 7.13%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tilton
    County
    Belknap
    State
    New Hampshire
    Longitude
    -71.5775979
    Latitude
    43.4472748

    FAQs

    What type of property is this?
    Duplex - Two-unit duplex on a small lot, suited for owner-occupants or investors with month-to-month tenants.
    Where is this duplex located?
    The property is located at 1 Morrison Avenue Tilton, NH.
    What is the asking price?
    The asking price for this property is $419,900.
    What are key features of this property?
    This property features: Duplex built in 1904 with public water; Wood‑frame construction with vinyl siding and vinyl exterior finishes; Natural gas hot water heating with baseboard heating
    More about this property
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