Two-Family Duplex on Corner
179-181 N State Street Concord, NH 03301
New
179-181 N State Street, Concord, NH, 03301
$479,900
For Sale
$479,900
Circa-1860 two-family duplex with separate meters, natural gas heat, city water and sewer, and a full basement.
Property Size2,285 SF
Price / SF$210.02
Days on Market7
Property Features for 179-181 N State Street
General Information
- Standard status
- Active
- Size
- 2,285 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1860
Listing Agency
KW Coastal and Lakes & Mountains Realty/Meredith
(603) 569-4663
Listed by
Cami Navoy
(603) 569-4663
Source
Laerrealty
Added: Jul 10 Checked: Jul 16 at 2:14 am
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 KW Coastal and Lakes & Mountains Realty/Meredith
Investment Insights
Based on property information with market context.
This circa-1860 two-family duplex offers two separate units totaling 12 rooms and 6 bedrooms. The home features separate meters, with tenants paying their own heat, hot water, and electric. Additional property details include natural gas heat, an asphalt roof, city water and sewer services, and a full basement.
Set on a corner lot in Concord’s North End, the address runs straight down N State toward downtown, about a mile to the State House. The property is minutes to Concord Hospital and I-93/I-393.
With two long-term tenants already in place, the duplex provides an income-focused residential layout and utility setup that supports independent unit management.
Set on a corner lot in Concord’s North End, the address runs straight down N State toward downtown, about a mile to the State House. The property is minutes to Concord Hospital and I-93/I-393.
With two long-term tenants already in place, the duplex provides an income-focused residential layout and utility setup that supports independent unit management.
Key Highlights
- Circa‑1860 two‑family duplex with 2,285 SF, 12 rooms, and 6 total bedrooms
- Two long‑term tenants; each unit has separate meters and tenants pay their own heat, hot water, and electric
- Natural gas heat, city water and sewer, and an asphalt roof
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.4k | $21.60 |
| − Vacancy | −$2.5k | −$1.08 |
| EGI | $46.9k | $20.52 |
| − OpEx | −$14.1k | −$6.16 |
| NOI | $32.8k | $14.36 |
2,285 SF · lease $21.60/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$468.9K
$410.3K – $547.0K
NOI $32,822 @ 7.0% cap · market cap 6.84%
Second Best
Apartment 5plus
$432.1K
$378.1K – $504.1K
NOI $30,245 @ 7.0% cap · market cap 6.30%
Theoretical Best
Office A
$595.0K
$520.6K – $694.1K
NOI $41,648 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Circa-1860 two-family duplex with separate meters, natural gas heat, city water and sewer, and a full basement.
Where is this duplex located?
The property is located at 179-181 N State Street Concord, NH.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Circa‑1860 two‑family duplex with 2,285 SF, 12 rooms, and 6 total bedrooms; Two long‑term tenants; each unit has separate meters and tenants pay their own heat, hot water, and electric; Natural gas heat, city water and sewer, and an asphalt roof
