Renovated Farmhouse with Guest
151 A-B Mill Street Conway, NH 03813
151 A-B Mill Street, Conway, NH, 03813
$579,000
For Sale
$579,000
MULTI_FAMILY - Cottage - Conway, NH
Property Size2,460 SF
Lot Size0.93 Acres
Price / SF$235.37
Days on Market109
Property Features for 151 A-B Mill Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- VR
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Basement, Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 2
- Parking features
- Driveway, Paved or Surfaced
- Patio and Porch features
- Porch
- Exterior features
- Covered Porch, Shed
- Appliances
- Electric Water Heater, Propane Water Heater, Separate Water Heater
- Standard status
- Active
- Size
- 2,460 SF
- Lot size
- 0.93 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 4817
Utilities
- Utilities
- Cable Available
- Heating system
- Propane (Heating), Wood Stove, Wood
- Water source
- Well, Private
Building Details
- Year built
- 1910
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Wood
- Building materials
- Foam Insulation, Clapboard Exterior
- Roof type
- Metal
- Architectural style
- Cottage
Listing Agency
Pinkham Real Estate
(603) 356-5425
2558 White Mountain Highway, North Conway, NH
Listed by
Carrie Erickson
(603) 356-5425
Added: Apr 2 Checked: Jul 19 at 11:06 am
MLS# 5081904
Listing URL
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 property features a renovated farmhouse plus a separate guest/rental home, configured as two distinct residences on one parcel. The main house offers an updated kitchen with stainless steel appliances, hard-surface countertops, a spacious island, and ample storage, along with a cozy wood stove in the living area. The first level includes a dining area that connects to first-floor laundry and a full bathroom with a sleek walk-in shower. Upstairs, there are three bedrooms with wood flooring and natural light throughout. A large wrap-around porch enhances the home’s entry and outdoor living.
The secondary home provides comfortable single-level living with an open-concept kitchen and dining area flowing into a spacious living room. It includes a large bedroom, a full bathroom, and a generous laundry area with ample storage for four-season gear. Both homes have separate driveways, supporting privacy and convenient day-to-day access. The property is located within walking distance to Conway Lake and is set on 0.93 acres.
For tenants, buyers, or owners seeking versatility, the two-home setup can support multi-generational arrangements, guest stays, or separate rental use while keeping household separation through dedicated driveways. Zoning is listed as VR, and the property’s total size is 2,460 square feet.
The secondary home provides comfortable single-level living with an open-concept kitchen and dining area flowing into a spacious living room. It includes a large bedroom, a full bathroom, and a generous laundry area with ample storage for four-season gear. Both homes have separate driveways, supporting privacy and convenient day-to-day access. The property is located within walking distance to Conway Lake and is set on 0.93 acres.
For tenants, buyers, or owners seeking versatility, the two-home setup can support multi-generational arrangements, guest stays, or separate rental use while keeping household separation through dedicated driveways. Zoning is listed as VR, and the property’s total size is 2,460 square feet.
Key Highlights
- Two‑home property with separate guest/rental home and separate driveways
- Set on just under 1 acre; year built 1910; cottage style with clapboard exterior
- Metal roof plus wrap‑around/coved porch and a shed
Local 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 | $42.8k | $17.40 |
| − Vacancy | −$1.9k | −$0.78 |
| EGI | $40.9k | $16.62 |
| − OpEx | −$12.3k | −$4.99 |
| NOI | $28.6k | $11.63 |
2,460 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$408.8K
$357.7K – $476.9K
NOI $28,614 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$361.7K
$316.5K – $421.9K
NOI $25,316 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$614.3K
$537.5K – $716.6K
NOI $42,998 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two renovated homes with separate driveways provide flexible living and rental options near Conway Lake.
Where is this duplex located?
The property is located at 151 A-B Mill Street Conway, NH.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Two‑home property with separate guest/rental home and separate driveways; Set on just under 1 acre; year built 1910; cottage style with clapboard exterior; Metal roof plus wrap‑around/coved porch and a shed
