Duplex With Office
New
For Sale
$584,900
106 West Broadway, Derry, NH 03038
MULTI_FAMILY - Other - Derry, NH
Property Size1,962 SF
Lot Size0.37 Acres
Price / SF$298.11
Days on Market5
Property Features for 106 West Broadway
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
OBD
Bedrooms
2
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 3, Bathroom 2, Basement, Bathroom 1, Bedroom 2
Patio and Porch features
Porch
Exterior features
Porch, Shed
Appliances
Water Heater off Boiler
Lot features
Level, Sidewalks
Elementary school
Grinnell Elementary School
Middle school
Gilbert H. Hood Middle School
High school
Pinkerton Academy
Elementary school district
Derry School District SAU #10
Middle school district
Derry School District SAU #10
High school district
Derry School District SAU #10
Directions
Follow GPS
Standard status
Active
Size
1,962 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7775
Utilities
Utilities
Cable Available
Heating system
Ductless (Heating), Oil
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Tile, Vinyl, Carpet
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Homes of New Hampshire Realty LLC
(603) 437-4447
Listed By:
Altona Kercher
(603) 437-4447
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 11 at 5:06PM
MLS# 5103886
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 1,962-square-foot duplex, built in 1900, includes two separately entered living spaces. The first-floor unit has a renovated kitchen, laundry, updated bathroom, multiple rooms, and a bedroom on the second floor. The upper apartment includes a full kitchen and full bath. The layout also supports the office or small-business use described for the property, subject to applicable requirements.
Set on 0.37 acres along West Broadway in Derry, the property includes ample parking, a private backyard, porch, and shed. Public water and cable availability are noted. Recent improvements include a 2019 roof, 2017 windows, 2021 first-floor kitchen renovation, 2020 mini splits, and a 2023 oil tank. Vinyl siding, shingle roofing, and tile, vinyl, and carpet flooring complete the existing improvements.
Set on 0.37 acres along West Broadway in Derry, the property includes ample parking, a private backyard, porch, and shed. Public water and cable availability are noted. Recent improvements include a 2019 roof, 2017 windows, 2021 first-floor kitchen renovation, 2020 mini splits, and a 2023 oil tank. Vinyl siding, shingle roofing, and tile, vinyl, and carpet flooring complete the existing improvements.
Key Highlights
- 1,962‑square‑foot duplex on 0.37 acres
- Two living spaces with separate private entrances
- First‑floor kitchen renovated in 2021 with laundry and updated bathroom
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
$33,681
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
5.76%
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%
$673,620
$673.6K
Cap Rate 7%
$481,157
$481.2K
Cap Rate 9%
$374,233
$374.2K
Market Conditions
NOI Build-Up for 1,962 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
$51.8K $26.40/SF
− Vacancy
−$6.9K −$3.51/SF
EGI
$44.9K $22.89/SF
− OpEx
−$11.2K −$5.72/SF
NOI
$33.7K $17.17/SF
Area
Rockingham County, NH
Vacancy
13.30%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$673,620
Cap Rate 7%
$481,157
Cap Rate 9%
$374,233
Alternative Uses
Best Use
Office B
$481.2K
$421.0K – $561.4K
NOI $33,681 @ 7.0% cap · market cap 5.76%
Second Best
Multifamily LT 5
$472.2K
$413.2K – $550.9K
NOI $33,052 @ 7.0% cap · market cap 5.65%
Theoretical Best
Office A
$653.2K
$571.6K – $762.1K
NOI $45,724 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
650
Businesses Nearby
Explore this area
Business Placement
Demographics for 03038, NH
34,482
Population
14,207
Households
2.4
Avg Household Size
40
Median Age
35%
College-Educated
93%
High-School Grad
35.8 sq mi
ZIP Area
963
Density / Sq Mi
$104,306
Median Household Income
$53,516
Median Earnings
$1,473
Median Rent
$381,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Zoned OBD property with separate entrances, updated first-floor kitchen, and a second apartment with full kitchen and bath.
Where is this duplex located?
The property is located at 106 West Broadway Derry, NH.
What is the asking price?
The asking price for this property is $584,900.
What are key features of this property?
This property features: 1,962‑square‑foot duplex on 0.37 acres; Two living spaces with separate private entrances; First‑floor kitchen renovated in 2021 with laundry and updated bathroom
