Duplex with Basement
New
For Sale
$779,000
11 Greatstone Dr, Merrimack, NH 03054
A legally recognized apartment in the finished basement provides separate living space within the colonial residence.
Property Size4,144 SF
Price / SF$187.98
Days on Market5
Property Features for 11 Greatstone Dr
General Information
Standard status
Active
Size
4,144 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
deck
Building Details
Year Built
1975
Buildings
1
Construction
colonial
Listing Agency:
EXP Realty
Listed By:
Salah Amrani
(978) 457-3571
Source:
Megansellsnh
Added: Oct 2
Changed: Oct 5
Last Checked: Oct 5 at 9:28PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty
Investment Insights
Based on property information with market context.
This 4,144-square-foot colonial residence, built in 1975, includes a finished basement apartment with a newly completed kitchen, updated bathroom, and new flooring. The main level features a kitchen with a 10-foot island and granite counters, a dining room, living room, family room, and two half baths. Four bedrooms are located upstairs, including a primary suite with a full bathroom; a second full bath serves the other bedrooms.
Set on a landscaped lot of more than one acre in Merrimack, the property also has a deck and a two-car garage. The apartment is identified as a legal accessory dwelling unit.
Set on a landscaped lot of more than one acre in Merrimack, the property also has a deck and a two-car garage. The apartment is identified as a legal accessory dwelling unit.
Key Highlights
- Legal accessory dwelling unit in the finished basement
- Basement apartment renovated with new flooring, kitchen, and updated bathroom
- 4,144 square feet; built in 1975
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,856
Cap Rate
7.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,217,120
$1.2M
Cap Rate 7%
$869,371
$869.4K
Cap Rate 9%
$676,178
$676.2K
Market Conditions
NOI Build-Up for 4,144 SF
Gross rent
$92.0K $22.20/SF
− Vacancy
−$5.1K −$1.22/SF
EGI
$86.9K $20.98/SF
− OpEx
−$26.1K −$6.29/SF
NOI
$60.9K $14.69/SF
Area
Hillsborough County, NH
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,217,120
Cap Rate 7%
$869,371
Cap Rate 9%
$676,178
Alternative Uses
Best Use
Multifamily LT 5
$869.4K
$760.7K – $1.01M
NOI $60,856 @ 7.0% cap · market cap 7.81%
Second Best
Apartment 5plus
$805.5K
$704.8K – $939.7K
NOI $56,383 @ 7.0% cap · market cap 7.24%
Theoretical Best
Specialty Retail
$7.59M
$6.64M – $8.86M
NOI $531,468 @ 7.0% cap · market cap 68.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
22
Businesses Nearby
Explore this area
Business Placement
Demographics for 03054, NH
26,622
Population
10,581
Households
2.5
Avg Household Size
43
Median Age
49%
College-Educated
96%
High-School Grad
32.6 sq mi
ZIP Area
817
Density / Sq Mi
$128,897
Median Household Income
$65,604
Median Earnings
$1,819
Median Rent
$406,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - A legally recognized apartment in the finished basement provides separate living space within the colonial residence.
Where is this duplex located?
The property is located at 11 Greatstone Dr Merrimack, NH.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: Legal accessory dwelling unit in the finished basement; Basement apartment renovated with new flooring, kitchen, and updated bathroom; 4,144 square feet; built in 1975
