In-Town Side-by-Side
For Sale
$465,000
61-63 Franklin Street, Concord, NH 03301
Side-by-side duplex offers two separate units with first-floor laundry, basement storage access, and separate electric meters.
Property Size2,125 SF
Days on Market49
Property Features for 61-63 Franklin Street
General Information
Standard status
Active
Size
2,125 SF
Property subtype
Multi Family Home
Zoning
RN
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,855
Building Details
Building Size
2,125 SF
Year Built
1900
Stories
2
Units
2
Listing Agency:
Hometown Property Group
(603) 491-8849
Listed By:
Bianca Contreras
(603) 491-8849
Source:
Ossipeelakere
Added: Jul 9
Changed: Aug 26
Last Checked: Aug 11 at 11:42AM
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 Hometown Property Group
Investment Insights
Based on property information with market context.
This in-town West End side-by-side duplex at 61-63 Franklin Street is configured to provide flexible living arrangements. The property currently includes a tenant-occupied 1-bedroom, 1-bath unit and a spacious vacant 3-bedroom, 1-bath unit ready for immediate occupancy. The layout was originally designed as two 2-bedroom, 1-bath units, and the interior configuration provides options depending on how the units are used.
Each unit features first-floor laundry with a washer and dryer, along with dedicated basement storage that includes exterior walk-out access. The duplex also offers separate driveway parking for each unit, plus additional space including a heated second-floor bonus/storage room off one bedroom and a walk-up unfinished attic offering potential for storage or future expansion, subject to approvals.
Recent updates include replacement windows, a roof with most sections approximately 10 years old, and shared furnace and hot water heater approximately 10 years old. The units have separate electric meters, supporting separate utility billing.
Each unit features first-floor laundry with a washer and dryer, along with dedicated basement storage that includes exterior walk-out access. The duplex also offers separate driveway parking for each unit, plus additional space including a heated second-floor bonus/storage room off one bedroom and a walk-up unfinished attic offering potential for storage or future expansion, subject to approvals.
Recent updates include replacement windows, a roof with most sections approximately 10 years old, and shared furnace and hot water heater approximately 10 years old. The units have separate electric meters, supporting separate utility billing.
Key Highlights
- Side‑by‑side duplex with tenant‑occupied 1BR/1BA and a vacant 3BR/1BA unit ready for immediate occupancy
- 1BR/1BA unit generates $1,500/month rental income
- First‑floor laundry in each unit with washer and dryer; separate driveway parking for each unit
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
$30,523
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
6.56%
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%
$610,460
$610.5K
Cap Rate 7%
$436,043
$436.0K
Cap Rate 9%
$339,144
$339.1K
Market Conditions
NOI Build-Up for 2,125 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
$45.9K $21.60/SF
− Vacancy
−$2.3K −$1.08/SF
EGI
$43.6K $20.52/SF
− OpEx
−$13.1K −$6.16/SF
NOI
$30.5K $14.36/SF
Area
Merrimack County, NH
Vacancy
5.00%
Lease Rate
$21.60 /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%
$610,460
Cap Rate 7%
$436,043
Cap Rate 9%
$339,144
Alternative Uses
Best Use
Multifamily LT 5
$436.0K
$381.5K – $508.7K
NOI $30,523 @ 7.0% cap · market cap 6.56%
Second Best
Apartment 5plus
$401.8K
$351.6K – $468.8K
NOI $28,127 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$553.3K
$484.1K – $645.5K
NOI $38,731 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,985
Businesses Nearby
Explore this area
Business Placement
Demographics for 03301, NH
33,352
Population
14,486
Households
2.3
Avg Household Size
43
Median Age
42%
College-Educated
92%
High-School Grad
49.2 sq mi
ZIP Area
678
Density / Sq Mi
$85,943
Median Household Income
$49,749
Median Earnings
$1,355
Median Rent
$344,300
Median Home Value
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 - Side-by-side duplex offers two separate units with first-floor laundry, basement storage access, and separate electric meters.
Where is this duplex located?
The property is located at 61-63 Franklin Street Concord, NH.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Side‑by‑side duplex with tenant‑occupied 1BR/1BA and a vacant 3BR/1BA unit ready for immediate occupancy; 1BR/1BA unit generates $1,500/month rental income; First‑floor laundry in each unit with washer and dryer; separate driveway parking for each unit
