Building Details

Year Built 2005

Buildings 2

Listing Agency: Keller Williams Realty Metro-Concord

Listed By: Melissa Perrault Show Phone

Source: 603luxury

Added: Jul 31 Changed: Oct 10 Last Checked: Oct 13 at 12:03AM

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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 Keller Williams Realty Metro-Concord

Investment Insights

Based on property information with market context.

This duplex property combines two separate residences on approximately 1+/- acre in Thornton. The main home offers approximately 1,300 sq. ft., two bedrooms plus bonus space, an open living area, first-floor bedroom, full bath, laundry, mini split, metal roof, portable generator, wood stove, and electric baseboard heat. A second residence provides approximately 1,032 sq. ft., two bedrooms, a 3/4 bath, loft-style bonus area, open living, kitchen, and dining areas, first-floor laundry, forced hot air heat, and a metal roof.

Each home has separate utilities, while the property is served by private water and septic systems. The location is minutes from I-93 and near hiking, skiing, golf, snowmobiling, ATV trails, kayaking, tubing, fishing, Owl’s Nest Resort, Waterville Valley, and Loon Mountain.

Key Highlights

• Two separate residences on approximately 1+/- acre
• Main home offers approximately 1,300 sq. ft. with 2 bedrooms plus bonus space
• Second home provides approximately 1,032 sq. ft. with 2 bedrooms and a loft‑style bonus area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,425

Cap Rate

3.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$448,500 $448.5K

Cap Rate 7%

$320,357 $320.4K

Cap Rate 9%

$249,167 $249.2K

Market Conditions

NOI Build-Up for 2,260 SF

Gross rent

$33.9K $15.00/SF

− Vacancy

−$1.9K −$0.83/SF

EGI

$32.0K $14.17/SF

− OpEx

−$9.6K −$4.25/SF

NOI

$22.4K $9.92/SF

Area

Grafton County, NH

Vacancy

5.50%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$448,500

Cap Rate 7%

$320,357

Cap Rate 9%

$249,167

Alternative Uses

Best Use

Multifamily LT 5

$320.4K

$280.3K – $373.8K (±1% cap)

NOI $22,425 @ 7.0% cap · market cap 3.90%

Second Best

Apartment 5plus

$293.5K

$256.8K – $342.5K (±1% cap)

NOI $20,547 @ 7.0% cap · market cap 3.57%

Theoretical Best

Office A

$497.1K

$435.0K – $580.0K (±1% cap)

NOI $34,799 @ 7.0% cap · market cap 6.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Spa & Massage Center Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Highway access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

Explore this area Business Placement

Demographics for 03285, NH

2,708

Population

1,982

Households

1.4

Avg Household Size

50

Median Age

42%

College-Educated

99%

High-School Grad

50.1 sq mi

ZIP Area

54

Density / Sq Mi

$81,094

Median Household Income

$45,099

Median Earnings

$1,269

Median Rent

$289,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Duplex - Separate residences provide flexible living arrangements, private utilities, and access to White Mountains recreation near I-93.

Where is this duplex located?

The property is located at 151 /155 Mill Brook Rd Thornton, NH.

What is the asking price?

The asking price for this property is $575,000.

What are key features of this property?

This property features: Two separate residences on approximately 1+/- acre; Main home offers approximately 1,300 sq. ft. with 2 bedrooms plus bonus space; Second home provides approximately 1,032 sq. ft. with 2 bedrooms and a loft‑style bonus area