Building Details

Year Built 1910

Buildings 2

Stories 2

Construction New Englander

Listing Agency: KW Coastal and Lakes & Mountains Realty/Meredith

Listed By: Becky Bonardi Show Phone

Source: Laerrealty

Added: Aug 13 Changed: Sep 30 Last Checked: Oct 5 at 3:54PM

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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.

Built in 1910, this duplex contains approximately 2,699 square feet across a two-bedroom, one-bath unit and a three-bedroom, one-bath unit. The property retains classic New England character while incorporating split heating and cooling units, radiator-style bathroom heaters, and updated sunroom windows. A three-story barn adds substantial ancillary space and includes an electric vehicle charging station. Further barn uses or conversion of the home to a single-family residence would be subject to approvals.

The property occupies approximately 0.43 acres on a mostly level city lot with a paved driveway, attached one-car garage, direct entry, and storage above. Public water and sewer serve the property, and high-speed internet is available. The yard borders the backside of Ashland Elementary. Route 3 access, downtown Ashland, the Lakes Region, and the surrounding White Mountains are nearby, while the town beach on Little Squam Lake is a 5 minute drive away.

Key Highlights

• Two‑unit layout with one 2‑bedroom, 1‑bath unit and one 3‑bedroom, 1‑bath unit
• Approximately 2,699 square feet on approximately 0.43 acres
• Three‑story updated barn with an electric vehicle charging station

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,781

Cap Rate

6.09%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$535,620 $535.6K

Cap Rate 7%

$382,586 $382.6K

Cap Rate 9%

$297,567 $297.6K

Market Conditions

NOI Build-Up for 2,699 SF

Gross rent

$40.5K $15.00/SF

− Vacancy

−$2.2K −$0.83/SF

EGI

$38.3K $14.17/SF

− OpEx

−$11.5K −$4.25/SF

NOI

$26.8K $9.92/SF

Area

Grafton County, NH

Vacancy

5.50%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$535,620

Cap Rate 7%

$382,586

Cap Rate 9%

$297,567

Alternative Uses

Best Use

Multifamily LT 5

$382.6K

$334.8K – $446.4K (±1% cap)

NOI $26,781 @ 7.0% cap · market cap 6.09%

Second Best

Apartment 5plus

$350.5K

$306.7K – $409.0K (±1% cap)

NOI $24,538 @ 7.0% cap · market cap 5.58%

Theoretical Best

Office A

$593.7K

$519.5K – $692.7K (±1% cap)

NOI $41,559 @ 7.0% cap · market cap 9.45%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Electrical Service Bakery Storage Facility (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Hair Salon

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

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

165

Businesses Nearby

Explore this area Business Placement

Demographics for 03217, NH

1,938

Population

1,340

Households

1.4

Avg Household Size

47

Median Age

32%

College-Educated

92%

High-School Grad

11.2 sq mi

ZIP Area

173

Density / Sq Mi

$54,495

Median Household Income

$37,099

Median Earnings

$1,129

Median Rent

$188,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two residential units combine classic character with practical updates and an attached garage.

Where is this duplex located?

The property is located at 47 Highland Street Ashland, NH.

What is the asking price?

The asking price for this property is $440,000.

What are key features of this property?

This property features: Two‑unit layout with one 2‑bedroom, 1‑bath unit and one 3‑bedroom, 1‑bath unit; Approximately 2,699 square feet on approximately 0.43 acres; Three‑story updated barn with an electric vehicle charging station