Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    298-302 Village St Concord, NH 03303

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $485,000

    Exceptional two-family property in Penacook, Concord, with strong ROI potential.

    Lot size:
    0.13 Acres

    Property Features for 298-302 Village St

    General Information

    Property type
    Investment
    Standard status
    Active
    Lot size
    0.13 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Christina Grover
    Source: Elliman

    Listing Agent: Christina Grover

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Desirable Concord Two-Family Opportunity

    This two-family property is located in the Penacook section of Concord. Each unit offers over 1,300 square feet and features 2 bedrooms, spacious kitchens with stainless steel appliances, in-unit laundry, private porches, and dedicated off-street parking. The second-floor unit includes access to a full walk-up attic, presenting potential for future expansion and increased income. Additional highlights include separate utilities, two natural gas furnaces, and public water and sewer. The property is located minutes from Merchants Way at Exit 17 and 10 minutes from historic downtown Concord. It is suitable for investors and owner-occupants looking to expand their portfolio or offset their mortgage with rental income. The property delivers a projected ROI of 10–11%.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.5993948
    Latitude
    43.2800446

    Nearby Similar for Sale

    • $699,990
      1,200 SF

      Downtown Concord Commercial Opportunity

      Thriving business and real estate in a sought-after commercial corridor.
      242 North Main St, Concord, NH 03303
      View Details
    • $999,999
      5,010 SF

      Multifamily Portfolio in Concord, NH

      Income-producing multifamily property with three residential structures in Concord, NH.
      273-279 South Main St, Concord, NH 03301
      View Details
    • $499,000
      2,406 SF

      Concord Commercial Building For Sale

      Well-maintained commercial building in high-traffic area, ideal for various uses.
      78 Fisherville Rd, Concord, NH 03301
      View Details
    • $650,000
      3,934 SF

      Musician's Dream Multifamily Property

      Four-unit multifamily property with recording studio on three acres.
      11 White Plains Rd, Concord, NH 03303
      View Details
    • $185,000
      0.44 Acres

      Downtown Concord Office Condo For Sale

      Office condo in desirable downtown location with high-end finishes.
      46 S Main St, Concord, NH 03301
      View Details
    • New
      $485,000
      2,758 SF

      Concord Multi-Family Investment Opportunity

      Two-unit property in Penacook with strong income potential.
      298-302 Village St, Concord, NH 03303
      View Details
    • $725,000

      Victorian Office Building Near Downtown

      Two-story Victorian office building near downtown Concord.
      48 Pleasant St, Concord, NH 03031
      View Details
    • $185,000

      Downtown Concord Office Condo

      Office condo in desirable downtown Concord location for sale.
      46 S Main St, Concord, NH 03301
      View Details
    • $599,000
      Pending

      Concord Office Condo For Sale

      Professional office condominium with flexible layout and ample parking.
      214 N State St, Concord, NH 03301
      View Details
    • $700,000
      3,220 SF

      Downtown Concord Professional Office Building

      Prestigious 3,220 SF office building in downtown Concord for sale.
      8 Court St, Concord, NH 03301
      View Details
    • $330,300

      Historic Former Police Station

      Unique property with historical significance and potential for redevelopment.
      3 Merrimack St, Concord, NH 03303
      View Details
    • $1,100,000

      Industrial Space Near Concord Airport

      Industrial property with office, manufacturing, and shipping capabilities near airport.
      99 Airport Rd, Concord, NH 03301
      View Details

    FAQs

    What type of property is this?
    Duplex - Exceptional two-family property in Penacook, Concord, with strong ROI potential.
    Where is this duplex located?
    The property is located at 298-302 Village St Concord, NH.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: - Projected 10-11% ROI makes it an attractive investment opportunity.; - Two spacious units (over 1,300 sq ft each) feature 2 bedrooms, stainless steel appliances, in-unit laundry, and private porches.; - Located in the desirable Penacook section of Concord, close to Merchants Way and downtown Concord.
    Request Owner's contact information
    298-302 Village St Concord, NH 03303
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    298-302 Village St
    Concord, NH 03303
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    298-302 Village St Concord, NH 03303
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Christina Grover
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!