Duplex with Attached Rear
For Sale
$495,000
16 Parkhurst Street, Lebanon, NH 03766
Two apartments have separate laundry rooms, while the rear barn provides storage and has preliminary plans for a possible third unit.
Property Size2,343 SF
Price / SF$211.27
Days on Market68
Property Features for 16 Parkhurst Street
General Information
Standard status
Active
Size
2,343 SF
Property subtype
Multifamily
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1867
Listing Agency:
Coldwell Banker LIFESTYLES - Hanover
(603) 643-6406
Listed By:
Joe Flanagan · License #Joe Flanagan
Source:
Anotchaboverealestate
Added: Aug 26
Changed: Oct 30
Last Checked: Oct 30 at 2:44PM
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 Coldwell Banker LIFESTYLES - Hanover
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Investment Insights
Based on property information with market context.
Built in 1867, this 2,343-square-foot duplex contains two apartments. The first-floor residence has three bedrooms, one full bath, a living room, kitchen, and laundry room with extra storage. Upstairs, the second apartment includes two bedrooms, one full bath, a living room, kitchen, and its own laundry room. An attached barn at the rear is used for storage; preliminary plans for a potential third unit are available, subject to approvals.
The property is just off the Lebanon Green and Colburn Park, with access to downtown Lebanon restaurants, shops, the Lebanon Opera House, the public library, farmers markets, and community events.
The property is just off the Lebanon Green and Colburn Park, with access to downtown Lebanon restaurants, shops, the Lebanon Opera House, the public library, farmers markets, and community events.
Key Highlights
- Two apartments in a 2,343‑square‑foot building constructed in 1867
- First‑floor unit: 3 bedrooms, 1 full bath, living room, kitchen, and laundry room with additional storage
- Second‑floor unit: 2 bedrooms, 1 full bath, living room, kitchen, and separate laundry room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,248
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$464,960
$465.0K
Cap Rate 7%
$332,114
$332.1K
Cap Rate 9%
$258,311
$258.3K
Market Conditions
NOI Build-Up for 2,343 SF
Gross rent
$35.1K $15.00/SF
− Vacancy
−$1.9K −$0.83/SF
EGI
$33.2K $14.17/SF
− OpEx
−$10.0K −$4.25/SF
NOI
$23.2K $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%
$464,960
Cap Rate 7%
$332,114
Cap Rate 9%
$258,311
Alternative Uses
Best Use
Multifamily LT 5
$332.1K
$290.6K – $387.5K
NOI $23,248 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$304.3K
$266.3K – $355.0K
NOI $21,301 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$515.4K
$451.0K – $601.3K
NOI $36,077 @ 7.0% cap · market cap 7.29%
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
706
Businesses Nearby
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Business Placement
Demographics for 03766, NH
9,838
Population
5,346
Households
1.8
Avg Household Size
39
Median Age
55%
College-Educated
95%
High-School Grad
32.0 sq mi
ZIP Area
307
Density / Sq Mi
$96,642
Median Household Income
$53,441
Median Earnings
$1,860
Median Rent
$348,000
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 - Two apartments have separate laundry rooms, while the rear barn provides storage and has preliminary plans for a possible third unit.
Where is this duplex located?
The property is located at 16 Parkhurst Street Lebanon, NH.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two apartments in a 2,343‑square‑foot building constructed in 1867; First‑floor unit: 3 bedrooms, 1 full bath, living room, kitchen, and laundry room with additional storage; Second‑floor unit: 2 bedrooms, 1 full bath, living room, kitchen, and separate laundry room
