10 BIRCH ST, Derry, NH 03038
Two well-maintained units with long-term tenancy, off-street parking, and recent major mechanical and exterior upgrades.
- Added:
- Jun 23, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 26 at 1:59 am
Property Features for 10 BIRCH ST
General Information
- Standard status
- Active
- Size
- 1,671 SF
- Lot size
- 0.10 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1915
Listing office Downtown Realty (603) 554-2309
Listing date Jun 23, 2026
Source Crexi
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HighLights
- Two‑family property built in 1915 on a 0.10‑acre lot in downtown Derry
- Long‑term tenants: one unit continuously occupied for nearly 20 years by the same family
- Front unit offers 3 bedrooms, 1 bathroom, plus a bonus room (town‑house style setup)
- Unit 2 features a large open layout with a loft‑style bedroom and 1 bathroom
- Off‑street parking for at least 4 vehicles, plus a small yard
- Recent capital upgrades include two forced‑air furnaces (<3 years), water heaters (last 3 years), and vinyl siding/windows (<5 years)
Overview
Located in downtown Derry, the property is close to restaurants and shopping, the library, Parkland Medical Center, and major commuter routes. The home benefits from a tenant history that includes one unit continuously occupied for nearly 20 years by the same family.
Recent capital improvements include replacement of both heating systems with forced-air furnaces that are less than three years old, along with water heaters for both units replaced within the last three years. Vinyl siding and windows were installed less than five years ago. With primarily cosmetic renovations needed to maximize presentation, the property is well suited for an investor or a future owner-occupant seeking a turn-key residential income asset with deferred maintenance largely addressed.
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 | $42.1k | $25.20 |
| − Vacancy | −$1.9k | −$1.13 |
| EGI | $40.2k | $24.07 |
| − OpEx | −$12.1k | −$7.22 |
| NOI | $28.2k | $16.85 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Derry
- County
- Rockingham
- State
- New Hampshire
- Longitude
- -71.3229679
- Latitude
- 42.8810259
