Building Details

Year Built 1850

Listing Agency: Coldwell Banker Realty Center Harbor NH

Listed By: Ellen Mulligan Show Phone

Source: Lyvrealty

Added: Sep 1 Changed: Sep 11 Last Checked: Oct 6 at 12:27AM

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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 Coldwell Banker Realty Center Harbor NH

Investment Insights

Based on property information with market context.

Built in 1850, this 2,394-square-foot duplex contains two residential units with practical layouts. Each unit includes a kitchen, living area, two bedrooms, one full bath, one half bath, and air conditioning. A new roof and mini-split systems are among the recent property updates.

The property is located at 15 Leavitt Rd in Pittsfield, NH 03263, and carries Commercial/Light Industrial zoning. Its two-unit configuration and separately arranged living spaces support residential occupancy while the zoning provides an additional layer of use flexibility, subject to applicable requirements.

Key Highlights

• 2,394‑square‑foot duplex with two residential units
• Each unit has a kitchen, living area, two bedrooms, one full bath, and one half bath
• Built in 1850

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,387

Cap Rate

7.66%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$687,740 $687.7K

Cap Rate 7%

$491,243 $491.2K

Cap Rate 9%

$382,078 $382.1K

Market Conditions

NOI Build-Up for 2,394 SF

Gross rent

$51.7K $21.60/SF

− Vacancy

−$2.6K −$1.08/SF

EGI

$49.1K $20.52/SF

− OpEx

−$14.7K −$6.16/SF

NOI

$34.4K $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 Rate 5%

$687,740

Cap Rate 7%

$491,243

Cap Rate 9%

$382,078

Alternative Uses

Best Use

Multifamily LT 5

$491.2K

$429.8K – $573.1K (±1% cap)

NOI $34,387 @ 7.0% cap · market cap 7.66%

Second Best

Apartment 5plus

$452.7K

$396.1K – $528.1K (±1% cap)

NOI $31,688 @ 7.0% cap · market cap 7.06%

Theoretical Best

Office A

$623.3K

$545.4K – $727.2K (±1% cap)

NOI $43,634 @ 7.0% cap · market cap 9.72%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply Real Estate Agency HVAC Service Hair Salon Pharmacy Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

162

Businesses Nearby

Explore this area Business Placement

Demographics for 03263, NH

4,094

Population

1,868

Households

2.2

Avg Household Size

41

Median Age

20%

College-Educated

91%

High-School Grad

24.5 sq mi

ZIP Area

167

Density / Sq Mi

$66,823

Median Household Income

$43,466

Median Earnings

$1,185

Median Rent

$270,600

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 - Historic duplex with separate kitchens, living areas, and two-bedroom layouts in each residence.

Where is this duplex located?

The property is located at 15 Leavitt Rd Pittsfield, NH.

What is the asking price?

The asking price for this property is $449,000.

What are key features of this property?

This property features: 2,394‑square‑foot duplex with two residential units; Each unit has a kitchen, living area, two bedrooms, one full bath, and one half bath; Built in 1850