Two-Unit Ranch
304 Pembroke Street Pembroke, NH 03275
304 Pembroke Street, Pembroke, NH, 03275
$589,900
Pending
For Sale
$589,900
Pending
Distinctive 2-unit ranch duplex with separate utilities, two bedrooms per unit, and walk-out lower levels.
Property Size3,794 SF
Days on Market460
Property Features for 304 Pembroke Street
General Information
- Standard status
- Pending
- Size
- 3,794 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1958
Listing agency
BHHS Verani Concord
(603) 565-5921
Listed by
April Dunn
(603) 565-5921
Source
Compass
Added: Apr 18, 2025 Updated: Jul 20 at 10:33PM Checked: Jul 21 at 8:20AM
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 Concord
Investment Insights
Based on property information with market context.
This distinctive two-family ranch-style duplex offers two units, each designed on a single level. Both residences include two bedrooms with hardwood floors and built-ins. Each unit also features a walk-out lower level that is currently used as an educational setting, with the space laid out for flexible adaptation.
The units operate on separate utilities for privacy and convenience, with city services, natural gas heating, and central air conditioning. Outside, there is a fenced backyard with mature plantings and a flat, usable yard. A detached two-car garage provides additional storage and parking.
The property is served by a configuration intended to support both everyday comfort and adaptable lower-level space within each unit.
The units operate on separate utilities for privacy and convenience, with city services, natural gas heating, and central air conditioning. Outside, there is a fenced backyard with mature plantings and a flat, usable yard. A detached two-car garage provides additional storage and parking.
The property is served by a configuration intended to support both everyday comfort and adaptable lower-level space within each unit.
Key Highlights
- Distinctive 2‑family ranch duplex built in 1958 with two bedrooms per unit
- Each unit is on a single level with hardwood flooring and custom built‑ins
- Walk‑out lower level is climate controlled, finished, includes a sump pump, and is accessible from the basement
Local Financial Insights For Apartment 5plus
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 | $95.6k | $25.20 |
| − Vacancy | −$4.3k | −$1.13 |
| EGI | $91.3k | $24.07 |
| − OpEx | −$41.1k | −$10.83 |
| NOI | $50.2k | $13.24 |
3,794 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$778.5K
$681.2K – $908.3K
NOI $54,497 @ 7.0% cap · market cap 9.24%
Second Best
Apartment 5plus
$717.4K
$627.7K – $837.0K
NOI $50,219 @ 7.0% cap · market cap 8.51%
Theoretical Best
Office A
$987.9K
$864.4K – $1.15M
NOI $69,152 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Distinctive 2-unit ranch duplex with separate utilities, two bedrooms per unit, and walk-out lower levels.
Where is this duplex located?
The property is located at 304 Pembroke Street Pembroke, NH.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: Distinctive 2‑family ranch duplex built in 1958 with two bedrooms per unit; Each unit is on a single level with hardwood flooring and custom built‑ins; Walk‑out lower level is climate controlled, finished, includes a sump pump, and is accessible from the basement
