Listing Agency: EXP Realty n***@exprealty.net Show Phone

Listed By: Alessandra Hakme-Silva Show Phone

Source: Exprealty

Added: Sep 7 Changed: Oct 28 Last Checked: Oct 30 at 8:19PM

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Investment Insights

Based on property information with market context.

This duplex includes two separately metered residences, each configured with two bedrooms and one bathroom. The first-floor apartment has been repainted and is leased through December 31, 2026. The upper unit has updated cabinetry, countertops, appliances, bathroom finishes, and bedroom flooring, and will be delivered vacant.

Set at 16 Victoria Cir in Pelham, NH, the property occupies 2.26 wooded acres at the end of a private cul-de-sac. Beaver Brook borders the parcel, while trees surround much of the site. A private well and septic system serve the property, with separate electric meters and independent utilities for each residence.

The existing lease provides an occupied unit, while the vacant apartment offers flexibility for a new owner or continued rental use. The property contains 1,696 square feet of living area.

Key Highlights

• Duplex with two 2‑bedroom, 1‑bath units
• 2.26 wooded acres at the end of a private cul‑de‑sac
• Beaver Brook borders the property

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,906

Cap Rate

3.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$498,120 $498.1K

Cap Rate 7%

$355,800 $355.8K

Cap Rate 9%

$276,733 $276.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,696 SF

Gross rent

$37.7K $22.20/SF

− Vacancy

−$2.1K −$1.22/SF

EGI

$35.6K $20.98/SF

− OpEx

−$10.7K −$6.29/SF

NOI

$24.9K $14.69/SF

Area

Hillsborough County, NH

Vacancy

5.50%

Lease Rate

$22.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$498,120

Cap Rate 7%

$355,800

Cap Rate 9%

$276,733

Alternative Uses

Best Use

Multifamily LT 5

$355.8K

$311.3K – $415.1K (±1% cap)

NOI $24,906 @ 7.0% cap · market cap 3.86%

Second Best

Apartment 5plus

$329.7K

$288.5K – $384.6K (±1% cap)

NOI $23,076 @ 7.0% cap · market cap 3.58%

Theoretical Best

Specialty Retail

$3.11M

$2.72M – $3.63M (±1% cap)

NOI $217,512 @ 7.0% cap · market cap 33.72%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

207

Businesses Nearby

Explore this area Business Placement

Demographics for 03076, NH

14,222

Population

5,174

Households

2.7

Avg Household Size

44

Median Age

38%

College-Educated

96%

High-School Grad

26.3 sq mi

ZIP Area

541

Density / Sq Mi

$126,804

Median Household Income

$64,052

Median Earnings

$1,390

Median Rent

$484,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Two-bedroom units, independent utilities, and a private wooded setting support both investment and owner-occupant flexibility.

Where is this duplex located?

The property is located at 16 Victoria Cir Pelham, NH.

What is the asking price?

The asking price for this property is $645,000.

What are key features of this property?

This property features: Duplex with two 2‑bedroom, 1‑bath units; 2.26 wooded acres at the end of a private cul‑de‑sac; Beaver Brook borders the property