Two-Family Residential Income
15 Washington ST Concord, NH 03301
For Sale
$455,000
Pending
Well-maintained two-family home with two 2-bedroom, 1-bath units and off-street parking.
Property Size2,007 SF
Days on Market77
Property Features for 15 Washington ST
General Information
- Standard status
- Pending
- Size
- 2,007 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1900
Listing Agency:
EXP Realty
(603) 557-6661
Listed By:
Hvizda Realty Group
Source:
Hometown-team
Added: May 9
Changed: Jul 23
Last Checked: Jul 23 at 4:22AM
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 EXP Realty
Investment Insights
Based on property information with market context.
This well-maintained two-family residential property offers a practical layout for income generation or owner occupancy. The home includes two separate units, and each unit features two bedrooms and one bathroom.
The property is located in West Concord, with convenient access to the Franklin Pierce Law Center and downtown Concord, supporting day-to-day commuting and errands.
Off-street parking is provided, adding everyday convenience for residents and guests.
The property is located in West Concord, with convenient access to the Franklin Pierce Law Center and downtown Concord, supporting day-to-day commuting and errands.
Off-street parking is provided, adding everyday convenience for residents and guests.
Key Highlights
- Well‑maintained two‑family home built in 1900
- Two units total, each with 2 bedrooms and 1 bathroom
- Off‑street parking available
Financial Insights For Multifamily LT 5
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 | $43.4k | $21.60 |
| − Vacancy | −$2.2k | −$1.08 |
| EGI | $41.2k | $20.52 |
| − OpEx | −$12.4k | −$6.16 |
| NOI | $28.8k | $14.36 |
2,007 SF · lease $21.60/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$411.8K
$360.4K – $480.5K
NOI $28,829 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$379.5K
$332.1K – $442.8K
NOI $26,565 @ 7.0% cap · market cap 5.84%
Theoretical Best
Office A
$522.6K
$457.3K – $609.7K
NOI $36,581 @ 7.0% cap · market cap 8.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained two-family home with two 2-bedroom, 1-bath units and off-street parking.
Where is this duplex located?
The property is located at 15 Washington ST Concord, NH.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: Well‑maintained two‑family home built in 1900; Two units total, each with 2 bedrooms and 1 bathroom; Off‑street parking available
