Turnkey Two-Family
New
For Sale
$419,000
15 Winter Street, Farmington, NH 03835
Fully updated two-family home with a 3-bedroom unit and a 1+ bedroom unit, plus a newly installed roof.
Property Size2,203 SF
Price / SF$190.20
Days on Market6
Property Features for 15 Winter Street
General Information
Standard status
Active
Size
2,203 SF
Property subtype
Multi Family
Additional Details
Highway Access
Yes
Multifamily Units
2
Building Details
Year Built
1910
Listing Agency:
Snowdon Realty LLC
(603) 755-1067
Listed By:
Bill Snowdon
(603) 755-1067
Source:
Laerrealty
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 30 at 2:53AM
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 Snowdon Realty LLC
Investment Insights
Based on property information with market context.
This turnkey two-family property has been fully updated and is ready for a new owner. The home offers two separate units: a spacious 3-bedroom unit and a comfortable 1+ bedroom unit, providing flexible layout options for tenants or owner-occupants. Capital improvements include a brand-new roof installed in April 2026, along with numerous interior and exterior updates throughout.
The property is located in central Farmington with walkable convenience to downtown shops, local eateries, and community spots. It also offers commuter-friendly access to major travel routes, including Route 11 and Route 16.
Overall, the building’s updated condition and completed improvements make it suitable for an owner-occupant looking to offset costs with a second unit, or for an investor seeking a move-in-ready two-family asset.
The property is located in central Farmington with walkable convenience to downtown shops, local eateries, and community spots. It also offers commuter-friendly access to major travel routes, including Route 11 and Route 16.
Overall, the building’s updated condition and completed improvements make it suitable for an owner-occupant looking to offset costs with a second unit, or for an investor seeking a move-in-ready two-family asset.
Key Highlights
- Fully updated two‑family home, Year built 1910
- Includes a spacious 3‑bedroom unit plus a 1+ bedroom unit for flexible living or rental use
- New roof installed April 2026
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 | $33.0k | $15.00 |
| − Vacancy | −$1.1k | −$0.50 |
| EGI | $31.9k | $14.50 |
| − OpEx | −$9.6k | −$4.35 |
| NOI | $22.4k | $10.15 |
2,203 SF · lease $15.00/SF/yr · vacancy 3.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$319.5K
$279.6K – $372.7K
NOI $22,364 @ 7.0% cap · market cap 5.34%
Second Best
Apartment 5plus
$294.6K
$257.8K – $343.8K
NOI $20,625 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$589.4K
$515.7K – $687.6K
NOI $41,256 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Explore this area
Business Placement
Demographics for 03835, NH
6,758
Population
2,994
Households
2.3
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
36.8 sq mi
ZIP Area
184
Density / Sq Mi
$63,704
Median Household Income
$33,333
Median Earnings
$963
Median Rent
$273,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Fully updated two-family home with a 3-bedroom unit and a 1+ bedroom unit, plus a newly installed roof.
Where is this duplex located?
The property is located at 15 Winter Street Farmington, NH.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Fully updated two‑family home, Year built 1910; Includes a spacious 3‑bedroom unit plus a 1+ bedroom unit for flexible living or rental use; New roof installed April 2026
