179-181 N State Street Concord, NH 03301
Circa-1860 two-family duplex with separate meters, natural gas heat, city water and sewer, and a full basement.
- Added:
- Jul 10, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 11 at 3:54 am
Property Features for 179-181 N State Street
General Information
- Standard status
- Active
- Size
- 2,285 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1860
Listing office KW Coastal and Lakes & Mountains Realty/Meredith (603) 569-4663
Listing date Jul 10, 2026
Source Laerrealty
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 KW Coastal and Lakes & Mountains Realty/Meredith
Investment Insights
Based on property information with market context.
Set on a corner lot in Concord’s North End, the address runs straight down N State toward downtown, about a mile to the State House. The property is minutes to Concord Hospital and I-93/I-393.
With two long-term tenants already in place, the duplex provides an income-focused residential layout and utility setup that supports independent unit management.
Key Highlights
- Circa‑1860 two‑family duplex with 2,285 SF, 12 rooms, and 6 total bedrooms
- Two long‑term tenants; each unit has separate meters and tenants pay their own heat, hot water, and electric
- Natural gas heat, city water and sewer, and an asphalt roof
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.4k | $21.60 |
| − Vacancy | −$2.5k | −$1.08 |
| EGI | $46.9k | $20.52 |
| − OpEx | −$14.1k | −$6.16 |
| NOI | $32.8k | $14.36 |
