Building Details

Year Built 2019

Units 2

Tenancy Multi

Listing Agency: Coldwell Banker Realty Nashua B***@nemoves.com Show Phone

Listed By: William Goddard Show Phone

Source: Elliman

Added: Jun 25 Changed: Aug 7 Last Checked: Aug 10 at 5:32AM

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Investment Insights

Based on property information with market context.

Built in 2019, this side-by-side duplex provides two separate, well-designed units. Each unit offers an open concept kitchen to living room layout, a first-floor half bath, and two upstairs bedrooms with a full bath. Both units include stackable laundry upstairs and central air. Kitchens feature stainless steel appliances including a refrigerator, dishwasher, and electric range. Each unit also has a one-car garage under, and the property includes municipal sewer and a private well. Outdoors, there is a large, level backyard with usable space.

The property is located at 239 Gibbons Hwy in Wilton, NH. Showings require a day-before notice.

For investors or buyers seeking newer construction income property, the duplex is currently rented and offers two income-producing units. Tenants pay their own heat, electric, cable, and internet, which can help reduce landlord utility responsibilities. The combination of two-bedroom layouts, in-unit laundry, and climate control supports straightforward, tenant-friendly occupancy.

Key Highlights

• Side‑by‑side duplex built in 2019 with two leased units (both currently rented).
• Each unit features 992 sq. ft., 2 bedrooms, and 1.5 baths.
• Open‑concept kitchen and living area in each unit, with SS appliances: fridge, dishwasher, and electric range.

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

$29,136

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

5.02%

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%

$582,720 $582.7K

Cap Rate 7%

$416,229 $416.2K

Cap Rate 9%

$323,733 $323.7K

Market Conditions

NOI Build-Up for 1,984 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

$44.0K $22.20/SF

− Vacancy

−$2.4K −$1.22/SF

EGI

$41.6K $20.98/SF

− OpEx

−$12.5K −$6.29/SF

NOI

$29.1K $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 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%

$582,720

Cap Rate 7%

$416,229

Cap Rate 9%

$323,733

Alternative Uses

Best Use

Multifamily LT 5

$416.2K

$364.2K – $485.6K (±1% cap)

NOI $29,136 @ 7.0% cap · market cap 5.02%

Second Best

Apartment 5plus

$385.6K

$337.4K – $449.9K (±1% cap)

NOI $26,994 @ 7.0% cap · market cap 4.65%

Theoretical Best

Specialty Retail

$3.63M

$3.18M – $4.24M (±1% cap)

NOI $254,448 @ 7.0% cap · market cap 43.88%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Real Estate Agency Big Box & Wholesale Store Auto Parts Store Auto Repair Shop Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Turnkey business

Opportunity

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

23

Businesses Nearby

Explore this area Business Placement

Demographics for 03086, NH

3,982

Population

1,820

Households

2.2

Avg Household Size

44

Median Age

42%

College-Educated

95%

High-School Grad

28.1 sq mi

ZIP Area

142

Density / Sq Mi

$117,732

Median Household Income

$56,611

Median Earnings

$1,389

Median Rent

$369,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Built in 2019, this side-by-side duplex offers two leased units with central air and on-site garage parking.

Where is this duplex located?

The property is located at 239 Gibbons Hwy Wilton, NH.

What is the asking price?

The asking price for this property is $579,900.

What are key features of this property?

This property features: Side‑by‑side duplex built in 2019 with two leased units (both currently rented).; Each unit features 992 sq. ft., 2 bedrooms, and 1.5 baths.; Open‑concept kitchen and living area in each unit, with SS appliances: fridge, dishwasher, and electric range.