Hampton Beach Duplex
For Sale
$495,000
Pending
56 Nudd Ave, Hampton, NH 03942
Well-maintained duplex near Hampton Beach with expansion potential.
Property Size1,400 SF
Days on Market140
Property Features for 56 Nudd Ave
General Information
Standard status
Pending
Size
1,400 SF
Property subtype
Investment
Building Details
Year Built
1953
Units
2
Listing Agency:
BHHS Verani Londonderry
Listed By:
Erika Stewart
(603) 490-7645
Source:
Elliman
Added: Apr 24
Changed: Sep 4
Last Checked: Sep 9 at 10:04PM
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 BHHS Verani Londonderry
Investment Insights
Based on property information with market context.
This well-maintained duplex, owned by the same family for many decades, presents a rare opportunity in a prime Hampton Beach location. The sale includes two adjacent lots. Each of the two units contains over 700 square feet, with 2 bedrooms and 1 bathroom. Outdoor amenities include a side deck and back deck for recreation or relaxation, a small yard, and a large storage shed. The property offers ample parking, a significant seasonal advantage. There is potential to expand the current structure, build upwards, rebuild, or convert to a single-family home for year-round use. Alternatively, the property is ready for immediate use as a warm-weather retreat or for short-term rentals in a popular vacation destination on the Northeast coastline. Located at the end of a dead-end street behind the Ashworth, the property is close to the boardwalk, ocean, and other attractions. The location is considered somewhat walkable and bikeable.
Key Highlights
- Prime Hampton Beach location near the beach, boardwalk, and attractions.
- Duplex with two units, each with 2 bedrooms and 1 bathroom.
- Includes 2 adjacent lots, offering expansion or redevelopment potential.
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
$23,585
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
4.76%
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%
$471,700
$471.7K
Cap Rate 7%
$336,929
$336.9K
Cap Rate 9%
$262,056
$262.1K
Market Conditions
NOI Build-Up for 1,400 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
$35.3K $25.20/SF
− Vacancy
−$1.6K −$1.13/SF
EGI
$33.7K $24.07/SF
− OpEx
−$10.1K −$7.22/SF
NOI
$23.6K $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%
$471,700
Cap Rate 7%
$336,929
Cap Rate 9%
$262,056
Alternative Uses
Best Use
Multifamily LT 5
$336.9K
$294.8K – $393.1K
NOI $23,585 @ 7.0% cap · market cap 4.76%
Second Best
Apartment 5plus
$303.5K
$265.6K – $354.1K
NOI $21,245 @ 7.0% cap · market cap 4.29%
Theoretical Best
Office A
$466.1K
$407.8K – $543.8K
NOI $32,627 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
260
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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 - Well-maintained duplex near Hampton Beach with expansion potential.
Where is this duplex located?
The property is located at 56 Nudd Ave Hampton, NH.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Prime Hampton Beach location near the beach, boardwalk, and attractions.; Duplex with two units, each with 2 bedrooms and 1 bathroom.; Includes 2 adjacent lots, offering expansion or redevelopment potential.
