Duplex With Updated
New
For Sale
$650,000
16 Norton Street, Derry, NH 03038
Separate living spaces include three-bedroom and two-bedroom configurations, each with one bathroom.
Property Size2,457 SF
Price / SF$264.55
Days on Market3
Property Features for 16 Norton Street
General Information
Standard status
Active
Size
2,457 SF
Property subtype
Multi Family
Zoning
MHR2
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
heating
Taxes and HOA fees
Annual Taxes
$7,699
Building Details
Year Built
1880
Buildings
1
Stories
2
Listing Agency:
HomeSmart Success Realty LLC
Listed By:
Munise Ulker
(603) 233-7760
Source:
Laerrealty
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 24 at 2:14PM
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 HomeSmart Success Realty LLC
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Investment Insights
Based on property information with market context.
At 16 Norton Street in Derry, this duplex contains two distinct residences: one has three bedrooms and one bathroom, while the other has two bedrooms and one bathroom. The property dates to 1880. Both units have kitchens with quartz counters and stainless-steel appliances, as well as refreshed bathrooms with new vanities and tile. Fresh interior paint and new carpeting are also present in each residence.
Heating bills are separate, while electric, water, and sewer service are shared between the units.
Heating bills are separate, while electric, water, and sewer service are shared between the units.
Key Highlights
- Two units: one with 3 bedrooms and 1 bathroom; the other with 2 bedrooms and 1 bathroom
- Both kitchens feature quartz counters and stainless‑steel appliances
- Updated bathrooms include new vanities and tile
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,391
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$827,820
$827.8K
Cap Rate 7%
$591,300
$591.3K
Cap Rate 9%
$459,900
$459.9K
Market Conditions
NOI Build-Up for 2,457 SF
Gross rent
$61.9K $25.20/SF
− Vacancy
−$2.8K −$1.13/SF
EGI
$59.1K $24.07/SF
− OpEx
−$17.7K −$7.22/SF
NOI
$41.4K $16.85/SF
Area
Rockingham County, NH
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$827,820
Cap Rate 7%
$591,300
Cap Rate 9%
$459,900
Alternative Uses
Best Use
Multifamily LT 5
$591.3K
$517.4K – $689.9K
NOI $41,391 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$532.6K
$466.1K – $621.4K
NOI $37,284 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$818.0K
$715.8K – $954.3K
NOI $57,260 @ 7.0% cap · market cap 8.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
Explore this area
Business Placement
Demographics for 03038, NH
34,482
Population
14,207
Households
2.4
Avg Household Size
40
Median Age
35%
College-Educated
93%
High-School Grad
35.8 sq mi
ZIP Area
963
Density / Sq Mi
$104,306
Median Household Income
$53,516
Median Earnings
$1,473
Median Rent
$381,700
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
Frequently Asked Questions
What type of property is this?
Duplex - Separate living spaces include three-bedroom and two-bedroom configurations, each with one bathroom.
Where is this duplex located?
The property is located at 16 Norton Street Derry, NH.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Two units: one with 3 bedrooms and 1 bathroom; the other with 2 bedrooms and 1 bathroom; Both kitchens feature quartz counters and stainless‑steel appliances; Updated bathrooms include new vanities and tile
