Historic Two-Unit
For Sale
$500,000
13-15 Walker Street, Concord, NH 03301
Residential duplex with spacious bedrooms, tall ceilings, assigned storage, and basement access near downtown Concord.
Property Size2,414 SF
Price / SF$207.13
Days on Market165
Property Features for 13-15 Walker Street
General Information
Standard status
Active
Size
2,414 SF
Property subtype
Multi Family
Zoning
Residential
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,294
Amenities
Natural Gas
Yes
2
3
Interior
Assigned Storage, Basement Stairs
Asphalt Shingle
Wood Frame
Building Details
Year Built
1870
Listing Agency:
BHHS Verani Concord
(603) 762-5212
Listed By:
Bobbi Toth
(603) 762-5212
Source:
Compass
Added: Mar 19
Changed: Aug 29
Last Checked: Aug 29 at 11:11PM
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 two-unit duplex at 13-15 Walker Street offers 2,414 square feet within a wood-frame structure built in 1870. The property includes large bedrooms, high ceilings, assigned storage, and basement stairs, with natural gas service and asphalt-shingle roofing. Residential zoning supports its current duplex configuration.
The property is near downtown Concord and close to shopping, dining, and schools. The sale is contingent on the seller locating and securing housing, a condition that will affect transaction timing.
The property is near downtown Concord and close to shopping, dining, and schools. The sale is contingent on the seller locating and securing housing, a condition that will affect transaction timing.
Key Highlights
- Two‑unit duplex at 13‑15 Walker Street, Concord, NH 03301
- 2,414 square feet in a wood‑frame building
- Built in 1870 with asphalt‑shingle roofing
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
$34,675
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
6.94%
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%
$693,500
$693.5K
Cap Rate 7%
$495,357
$495.4K
Cap Rate 9%
$385,278
$385.3K
Market Conditions
NOI Build-Up for 2,414 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
$52.1K $21.60/SF
− Vacancy
−$2.6K −$1.08/SF
EGI
$49.5K $20.52/SF
− OpEx
−$14.9K −$6.16/SF
NOI
$34.7K $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%
$693,500
Cap Rate 7%
$495,357
Cap Rate 9%
$385,278
Alternative Uses
Best Use
Multifamily LT 5
$495.4K
$433.4K – $577.9K
NOI $34,675 @ 7.0% cap · market cap 6.94%
Second Best
Apartment 5plus
$456.5K
$399.4K – $532.5K
NOI $31,952 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$628.6K
$550.0K – $733.3K
NOI $43,999 @ 7.0% cap · market cap 8.80%
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
1,038
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 - Residential duplex with spacious bedrooms, tall ceilings, assigned storage, and basement access near downtown Concord.
Where is this duplex located?
The property is located at 13-15 Walker Street Concord, NH.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Two‑unit duplex at 13‑15 Walker Street, Concord, NH 03301; 2,414 square feet in a wood‑frame building; Built in 1870 with asphalt‑shingle roofing
