Two-Family Residential Income
For Sale
$455,000
Pending
15 Washington ST, Concord, NH 03301
Well-maintained two-family home with two 2-bedroom, 1-bath units and off-street parking.
Property Size2,007 SF
Days on Market168
Property Features for 15 Washington ST
General Information
Standard status
Pending
Size
2,007 SF
Property subtype
Multi-Family
Zoning
Res
Building Details
Building Size
2,007 SF
Year Built
1900
Stories
2
Listing Agency:
EXP Realty
Listed By:
Hvizda Realty Group
(603) 557-6661
Source:
Hometown-team
Added: May 9
Changed: Aug 8
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$28,829
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$576,580
$576.6K
Cap Rate 7%
$411,843
$411.8K
Cap Rate 9%
$320,322
$320.3K
Market Conditions
NOI Build-Up for 2,007 SF
Gross rent
$43.4K $21.60/SF
− Vacancy
−$2.2K −$1.08/SF
EGI
$41.2K $20.52/SF
− OpEx
−$12.4K −$6.16/SF
NOI
$28.8K $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%
$576,580
Cap Rate 7%
$411,843
Cap Rate 9%
$320,322
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 authorities.
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Location Intelligence
Trade Area within ½ mile
2,088
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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
