Two-Unit Duplex with Attached
176 Western Avenue, Henniker, NH 03242
For Sale
$699,000
Two separate apartments combine updated kitchens and bathrooms with wood flooring, laundry areas, and varied living spaces.
Property Size2,787 SF
Price / SF$250.81
Days on Market10
Property Features for 176 Western Avenue
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Stories
Listing Agency:
William Young Real Estate
Listed By:
Sharon French
(603) 699-9924
Source:
Laerrealty
Added: Oct 30
Changed: Nov 7
Last Checked: Nov 7 at 7:04PM
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 William Young Real Estate
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Investment Insights
Based on property information with market context.
This duplex contains two apartments with distinct layouts. The first-floor unit features wood flooring, an open kitchen with granite counters and newer cabinetry, laundry in an updated bathroom, a sunroom, and a large living room and bedroom. Built-in seating is integrated into the vaulted entry, and the unit has access to a two-car attached garage. The upstairs apartment offers three bedrooms with wood floors, a large living room with wall-to-wall carpeting, laundry, and a granite kitchen. Property updates include a metal roof, circuit breakers, and a new FHA heating system.
The property is within walking distance of town restaurants and stores, with Route 9, Route 202, and I-89 a short distance away. It is zoned VILLAG and was built in 1900.
The property is within walking distance of town restaurants and stores, with Route 9, Route 202, and I-89 a short distance away. It is zoned VILLAG and was built in 1900.
Key Highlights
- Two‑unit duplex with a two‑car attached garage
- First‑floor apartment includes a sunroom and an open kitchen with granite counters
- Upstairs unit has three bedrooms, wood floors, and a granite kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,032
Cap Rate
5.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$800,640
$800.6K
Cap Rate 7%
$571,886
$571.9K
Cap Rate 9%
$444,800
$444.8K
Market Conditions
NOI Build-Up for 2,787 SF
Gross rent
$60.2K $21.60/SF
− Vacancy
−$3.0K −$1.08/SF
EGI
$57.2K $20.52/SF
− OpEx
−$17.2K −$6.16/SF
NOI
$40.0K $14.36/SF
Area
Merrimack County, NH
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$800,640
Cap Rate 7%
$571,886
Cap Rate 9%
$444,800
Alternative Uses
Best Use
Multifamily LT 5
$571.9K
$500.4K – $667.2K
NOI $40,032 @ 7.0% cap · market cap 5.73%
Second Best
Apartment 5plus
$527.0K
$461.1K – $614.8K
NOI $36,890 @ 7.0% cap · market cap 5.28%
Theoretical Best
Office A
$725.7K
$635.0K – $846.6K
NOI $50,797 @ 7.0% cap · market cap 7.27%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Explore this area
Business Placement
Demographics for 03242, NH
6,185
Population
2,359
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
99%
High-School Grad
44.1 sq mi
ZIP Area
140
Density / Sq Mi
$87,344
Median Household Income
$35,662
Median Earnings
$1,073
Median Rent
$317,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Merrimack County, NH
Properties on Market for Duplexes in Merrimack County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate apartments combine updated kitchens and bathrooms with wood flooring, laundry areas, and varied living spaces.
Where is this duplex located?
The property is located at 176 Western Avenue Henniker, NH.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two‑unit duplex with a two‑car attached garage; First‑floor apartment includes a sunroom and an open kitchen with granite counters; Upstairs unit has three bedrooms, wood floors, and a granite kitchen
