Building Details

Building Size 2,400 SF

Year Built 1778

Listing Agency: Keller Williams Gateway Realty Show Phone

Listed By: Crystal Pasquale Show Phone

Source: Iverty

Added: Aug 28 Changed: Oct 16 Last Checked: Oct 16 at 9:56AM

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Investment Insights

Based on property information with market context.

This 2,400-square-foot duplex combines two residential units with character details and practical updates. Improvements include a newer furnace, hot water heater, roof, windows, and decks, along with an updated kitchen and bathroom in the upper unit. Wide-plank king pine flooring, a cedar-floored farmer’s porch, and a front entry featuring believed-original bull’s-eye glass add distinctive architectural detail.

The property is located at 179 Main St. in Pembroke’s B-1 Business/Residential District, within walking distance of downtown Suncook Village. Its outdoor area includes a pool, storage shed, vegetable and wildflower gardens, and a substantial backyard. The spacious attic may offer the possibility of a third unit, subject to town approvals and buyer due diligence. Multiple beehive ovens also remain on the property.

Key Highlights

• 2,400‑square‑foot duplex with two residential units
• Located in Pembroke’s B‑1 Business/Residential District
• Pool, storage shed, vegetable garden, and wildflower garden on site

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$34,474

Cap Rate

6.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$689,480 $689.5K

Cap Rate 7%

$492,486 $492.5K

Cap Rate 9%

$383,044 $383.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$51.8K $21.60/SF

− Vacancy

−$2.6K −$1.08/SF

EGI

$49.2K $20.52/SF

− OpEx

−$14.8K −$6.16/SF

NOI

$34.5K $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%

$689,480

Cap Rate 7%

$492,486

Cap Rate 9%

$383,044

Alternative Uses

Best Use

Multifamily LT 5

$492.5K

$430.9K – $574.6K (±1% cap)

NOI $34,474 @ 7.0% cap · market cap 6.00%

Second Best

Apartment 5plus

$453.8K

$397.1K – $529.5K (±1% cap)

NOI $31,767 @ 7.0% cap · market cap 5.52%

Theoretical Best

Office A

$624.9K

$546.8K – $729.1K (±1% cap)

NOI $43,744 @ 7.0% cap · market cap 7.61%

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

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Law Firm Plumbing Service Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

242

Businesses Nearby

Explore this area Business Placement

Demographics for 03275, NH

11,946

Population

4,739

Households

2.5

Avg Household Size

42

Median Age

25%

College-Educated

91%

High-School Grad

43.0 sq mi

ZIP Area

278

Density / Sq Mi

$84,776

Median Household Income

$43,850

Median Earnings

$1,258

Median Rent

$309,400

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 - Flexible two-unit property in Pembroke’s B-1 Business/Residential District with an expansive backyard and multiple recent improvements.

Where is this duplex located?

The property is located at 179 Main St. Pembroke, NH.

What is the asking price?

The asking price for this property is $575,000.

What are key features of this property?

This property features: 2,400‑square‑foot duplex with two residential units; Located in Pembroke’s B‑1 Business/Residential District; Pool, storage shed, vegetable garden, and wildflower garden on site