Updated Two-Unit
For Sale
$650,000
16 Norton Street, Derry, NH 03038
Multi-Family, Derry, NH
Property Size2,457 SF
Lot Size0.31 Acres
Price / SF$264.55
Days on Market12
Property Features for 16 Norton Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MHR2
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Basement, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 2, Bedroom 5
Exterior features
Shed, Storage
Lot features
Corner
Standard status
Active
Size
2,457 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7699
Utilities
Heating system
Propane (Heating), Oil
Water source
Public
Building Details
Year built
1880
Floors in Building
2
Number of units
2
Flooring type
Carpet, Laminate, Tile
Building materials
Vinyl Siding
Roof type
Flat, Shingle
Architectural style
Other
Additional Structures
Storage
Buildings
1
Listing Agency:
HomeSmart Success Realty LLC · HomeSmart International
(603) 932-9300
Listed By:
Munise Ulker
(603) 233-7760
Added: Oct 21
Changed: Oct 28
Last Checked: Nov 1 at 3:06AM
MLS# 5115102
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.
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Investment Insights
Based on property information with market context.
This 2,457-square-foot duplex sits on a 0.31-acre parcel in Derry, New Hampshire. Built in 1880, it contains two residences: one with three bedrooms and one bathroom, and another with two bedrooms and one bathroom. Both have renovated kitchens with quartz counters and stainless steel appliances, refreshed bathrooms with new vanities and tile, fresh paint, and new carpeting. Storage and a shed are also on the property.
Heating bills are separate between the residences, while electric service, water, and sewer are shared. The property has public water and MHR2 zoning.
Heating bills are separate between the residences, while electric service, water, and sewer are shared. The property has public water and MHR2 zoning.
Key Highlights
- Two residences: one with 3 bedrooms and 1 bathroom; one with 2 bedrooms and 1 bathroom
- 2,457 square feet on 0.31 acres
- Renovated kitchens with quartz countertops and stainless steel appliances
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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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate residences offer three-bedroom and two-bedroom layouts, each with a recently renovated kitchen and 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 residences: one with 3 bedrooms and 1 bathroom; one with 2 bedrooms and 1 bathroom; 2,457 square feet on 0.31 acres; Renovated kitchens with quartz countertops and stainless steel appliances
