Duplex with In-Law
For Sale
$675,000
150 Wallace Road, Bedford, NH 03110
Multi-Family, Bedford, NH
Property Size2,492 SF
Lot Size1.10 Acres
Price / SF$270.87
Days on Market9
Property Features for 150 Wallace Road
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
RA
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 1, Basement, Bathroom 3, Bedroom 4, Bedroom 3
Parking features
Carport
Patio and Porch features
Porch, Deck
Exterior features
Balcony, Deck, Invisible Pet Fence, Garden Space, Handicap Modified, Hot Tub, Outbuilding, Enclosed Porch, Storage
Fencing
Fenced
Accessibility
Accessible Approach with Ramp
Appliances
Electric Water Heater
Lot features
Country Setting, Landscaped, Level, Near Country Club, Near Golf Course, Near Paths, Near Shopping, Near School(s)
Elementary school
Peter Woodbury Sch
Middle school
Ross A Lurgio Middle School
High school
Bedford High School
Elementary school district
Bedford Sch District SAU #25
Middle school district
Bedford Sch District SAU #25
High school district
Bedford Sch District SAU #25
Standard status
Active
Size
2,492 SF
Lot size
1.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8003
Utilities
Utilities
Propane
Heating system
Oil, Natural Gas, Propane (Heating), Forced Air
Cooling system
Central Air
Water source
Private
Amenities
hot tub room
deck
stone patio
firepit
covered pergola
private balcony
Building Details
Year built
1946
Floors in Building
2
Number of units
2
Flooring type
Carpet, Hardwood, Tile
Building materials
Wood Frame, Vertical Siding, Vinyl Exterior, Wood Exterior
Roof type
Metal, Shingle
Architectural style
Ranch
Additional Structures
Outbuilding, Storage
Listing Agency:
Keller Williams Realty-Metropolitan
(603) 232-8282
Listed By:
Gregory McCarthy
(603) 836-2699
Added: Sep 8
Changed: Sep 14
Last Checked: Sep 16 at 12:06PM
MLS# 5108636
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex-style property combines a two-bedroom ranch home with a separate in-law suite and kitchenette. The main residence includes an updated kitchen with shaker cabinetry, granite counters, stainless steel appliances, hardwood flooring, renovated full bath, living room built-ins, and a lower-level bonus room with laundry and storage. A tiled mudroom connects to the suite, which has its own ramped entrance, hardwood floors, a possible first-floor bedroom or guest room, and an oversized zero-threshold three-quarter bath with grab bars. Its upper level adds a primary bedroom, three-quarter bath, and private balcony.
The property occupies 1.10 acres at 150 Wallace Road in Bedford and contains 2,492 square feet. Outdoor improvements include a deck, stone patio, covered pergola with nest swings, fenced areas, garden space, and a three-season hot tub room. Recent updates include both roofs within approximately 3 years, both forced-hot-air heating systems within the past year, newer hot water tanks, a well pump, and a central A/C condenser. Zoning is RA.
The property occupies 1.10 acres at 150 Wallace Road in Bedford and contains 2,492 square feet. Outdoor improvements include a deck, stone patio, covered pergola with nest swings, fenced areas, garden space, and a three-season hot tub room. Recent updates include both roofs within approximately 3 years, both forced-hot-air heating systems within the past year, newer hot water tanks, a well pump, and a central A/C condenser. Zoning is RA.
Key Highlights
- Separate in‑law suite with kitchenette and private ramped entrance
- 2,492 square feet on a 1.10‑acre lot in Bedford
- Main residence offers 2 bedrooms, renovated full bath, and updated kitchen
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
$36,596
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
5.42%
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%
$731,920
$731.9K
Cap Rate 7%
$522,800
$522.8K
Cap Rate 9%
$406,622
$406.6K
Market Conditions
NOI Build-Up for 2,492 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
$55.3K $22.20/SF
− Vacancy
−$3.0K −$1.22/SF
EGI
$52.3K $20.98/SF
− OpEx
−$15.7K −$6.29/SF
NOI
$36.6K $14.69/SF
Area
Hillsborough County, NH
Vacancy
5.50%
Lease Rate
$22.20 /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%
$731,920
Cap Rate 7%
$522,800
Cap Rate 9%
$406,622
Alternative Uses
Best Use
Multifamily LT 5
$522.8K
$457.5K – $609.9K
NOI $36,596 @ 7.0% cap · market cap 5.42%
Second Best
Apartment 5plus
$484.4K
$423.8K – $565.1K
NOI $33,906 @ 7.0% cap · market cap 5.02%
Theoretical Best
Specialty Retail
$4.57M
$3.99M – $5.33M
NOI $319,599 @ 7.0% cap · market cap 47.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 03110, NH
23,322
Population
8,185
Households
2.8
Avg Household Size
44
Median Age
61%
College-Educated
97%
High-School Grad
32.8 sq mi
ZIP Area
711
Density / Sq Mi
$160,253
Median Household Income
$70,344
Median Earnings
$1,913
Median Rent
$582,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Ranch-style residence with a separate suite, private ramped entry, and flexible space for multigenerational living.
Where is this duplex located?
The property is located at 150 Wallace Road Bedford, NH.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Separate in‑law suite with kitchenette and private ramped entrance; 2,492 square feet on a 1.10‑acre lot in Bedford; Main residence offers 2 bedrooms, renovated full bath, and updated kitchen
