Updated Duplex with Separate
For Sale
$549,900
106 West Broadway, Derry, NH 03038
Multi-Family, Derry, NH
Property Size1,962 SF
Lot Size0.37 Acres
Price / SF$280.28
Days on Market50
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
Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 1, Bathroom 3, Basement
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, Carpet, Vinyl
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Homes of New Hampshire Realty LLC
Listed By:
Altona Kercher
(603) 437-4447
Added: Aug 7
Changed: Sep 18
Last Checked: Sep 25 at 1:06AM
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, offers distinct living areas across two levels. The first floor includes multiple rooms, a renovated kitchen, an updated bathroom, fresh paint, and a separate entrance. The upper level functions as an independent apartment with its own entrance, full kitchen, and full bathroom. A private backyard, porch, shed, and on-site parking add practical utility, while vinyl siding, shingle roofing, tile, carpet, and vinyl flooring complete the existing improvements.
The property occupies 0.37 acres along West Broadway in Derry and is designated OBD. Public water is available, along with cable service. Recent work includes a 2019 roof, 2017 windows, a 2021 first-floor kitchen renovation, 2020 mini-splits, and a 2023 oil tank. The layout is also identified as suitable for single-family, professional office, or small-business use, subject to applicable requirements.
The property occupies 0.37 acres along West Broadway in Derry and is designated OBD. Public water is available, along with cable service. Recent work includes a 2019 roof, 2017 windows, a 2021 first-floor kitchen renovation, 2020 mini-splits, and a 2023 oil tank. The layout is also identified as suitable for single-family, professional office, or small-business use, subject to applicable requirements.
Key Highlights
- 1,962‑square‑foot duplex on a 0.37‑acre lot
- Separate entrances for the first‑floor space and second‑floor apartment
- Second level includes a full kitchen and full 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
$33,052
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
6.01%
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%
$661,040
$661.0K
Cap Rate 7%
$472,171
$472.2K
Cap Rate 9%
$367,244
$367.2K
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
$49.4K $25.20/SF
− Vacancy
−$2.2K −$1.13/SF
EGI
$47.2K $24.07/SF
− OpEx
−$14.2K −$7.22/SF
NOI
$33.1K $16.85/SF
Area
Rockingham County, NH
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
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%
$661,040
Cap Rate 7%
$472,171
Cap Rate 9%
$367,244
Alternative Uses
Best Use
Multifamily LT 5
$472.2K
$413.2K – $550.9K
NOI $33,052 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$425.3K
$372.2K – $496.2K
NOI $29,773 @ 7.0% cap · market cap 5.41%
Theoretical Best
Office A
$653.2K
$571.6K – $762.1K
NOI $45,724 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Two-level property with an independent second-floor apartment, refreshed first-floor finishes, and parking on a residentially positioned lot.
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 $549,900.
What are key features of this property?
This property features: 1,962‑square‑foot duplex on a 0.37‑acre lot; Separate entrances for the first‑floor space and second‑floor apartment; Second level includes a full kitchen and full bathroom
