Building Details

Year Built 1930

Listing Agency: Mark Correnti Of Fairmarket Advisors, Llc

Listed By: Dempsey Realty Group Show Phone

Source: Dempseyteam

Added: Sep 16 Changed: Sep 17 Last Checked: Sep 16 at 3:43PM

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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 Mark Correnti Of Fairmarket Advisors, Llc

Investment Insights

Based on property information with market context.

This duplex contains two 1-bedroom apartments totaling 1,368 square feet. The front apartment is designated as Apartment #1, while Apartment #2 is positioned at the rear and was built in 2013. Both units are currently rented, and the property dates to 1930.

The property is located at 71 Library Rd in Grafton, just off Route 4. Its regional setting provides access toward Lebanon, New London, Concord, and Plymouth. The Northern Rail Trail is nearby, along with Ragged Mountain for skiing.

Key Highlights

• Two 1‑bedroom apartments
• 1,368 square feet of property size
• Both units are currently rented

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

$13,574

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

5.05%

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%

$271,480 $271.5K

Cap Rate 7%

$193,914 $193.9K

Cap Rate 9%

$150,822 $150.8K

Market Conditions

NOI Build-Up for 1,368 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

$20.5K $15.00/SF

− Vacancy

−$1.1K −$0.83/SF

EGI

$19.4K $14.17/SF

− OpEx

−$5.8K −$4.25/SF

NOI

$13.6K $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 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%

$271,480

Cap Rate 7%

$193,914

Cap Rate 9%

$150,822

Alternative Uses

Best Use

Multifamily LT 5

$193.9K

$169.7K – $226.2K (±1% cap)

NOI $13,574 @ 7.0% cap · market cap 5.05%

Second Best

Apartment 5plus

$177.7K

$155.5K – $207.3K (±1% cap)

NOI $12,437 @ 7.0% cap · market cap 4.62%

Theoretical Best

Office A

$300.9K

$263.3K – $351.1K (±1% cap)

NOI $21,064 @ 7.0% cap · market cap 7.83%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Location Intelligence

Trade Area within ½ mile

15

Businesses Nearby

Explore this area Business Placement

Demographics for 03240, NH

1,385

Population

698

Households

2

Avg Household Size

48

Median Age

26%

College-Educated

92%

High-School Grad

41.5 sq mi

ZIP Area

33

Density / Sq Mi

$72,188

Median Household Income

$43,935

Median Earnings

$1,232

Median Rent

$256,400

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?

Frequently Asked Questions

What type of property is this?

Duplex - Two one-bedroom apartments provide an existing residential income configuration in Grafton.

Where is this duplex located?

The property is located at 71 Library Rd Grafton, NH.

What is the asking price?

The asking price for this property is $269,000.

What are key features of this property?

This property features: Two 1‑bedroom apartments; 1,368 square feet of property size; Both units are currently rented