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    Renovated Farmhouse Duplex with Guest Home Title is generated by Realmo AI

    151 A-B Mill Street, Conway, NH 03813

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    For Sale
    $595,000

    MULTI_FAMILY - Cottage - Conway, NH

    Property size:
    2,460 SF
    Lot size:
    0.93 Acres
    Price / SF:
    $241/SF
    Added:
    Apr 2, 2026
    Days on Market:
    64
    Last Refresh:
    Jun 4 at 12:06 am

    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
    Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 4, Basement, Bedroom 2
    Parking features
    Paved or Surfaced, Driveway
    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, Wood Stove
    Water source
    Private, Well

    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

    We can help!

    Listing Contact
    Carrie Erickson

    Listing agent Carrie Erickson

    Listing office Pinkham Real Estate 2558 White Mountain Highway, North Conway, NH

    Listing date Apr 2, 2026

    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.

    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
    • Heating includes propane heating and a wood stove, with wood and vinyl flooring
    • Private well water with separate water heaters (electric and propane) and cable available
    • Overall layout includes 4 bedrooms, 2 bathrooms, and a basement; first‑floor laundry in the main home

    Overview

    This sale property features a renovated farmhouse-style main home plus a separate guest/rental home. The main house includes an updated kitchen with stainless steel appliances, hard-surface countertops, and a spacious island, alongside a cozy wood stove. The main level offers a living and dining layout designed for entertaining, with first-floor laundry and an updated full bathroom featuring a sleek walk-in shower. Upstairs, there are three generously sized bedrooms with wood flooring throughout, complemented by a large wrap-around porch.

    Both homes sit on the same lot with separate driveways, providing clear separation between the primary residence and the secondary unit. The property is located within walking distance to Conway Lake in Conway, New Hampshire. The zoning is VR.

    The configuration suits buyers looking for flexible occupancy, including multi-generational living or guest use, while also supporting independent daily routines between the two homes. With in-house laundry on both levels of the primary home and a dedicated laundry/storage area in the secondary home, the setup is practical for year-round stays and seasonal schedules alike. The combination of separate driveways, updated finishes, and distinct living spaces makes this a workable option for owner-occupants and investors seeking a two-home footprint.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Conway
    County
    Carroll
    State
    New Hampshire
    Longitude
    -71.05653399
    Latitude
    43.991031

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    FAQs

    What type of property is this?
    Duplex - Two separate homes on one property, each with updated interiors and laundry facilities, supporting flexible rental or multi-generational use.
    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 $595,000.
    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
    (603) 356-5425
    We can help!
    Listing Contact
    Carrie Erickson
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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