Duplex with Business
New
For Sale
$575,000
179 Main Street, Pembroke, NH 03275
Multi-Family, Pembroke, NH
Property Size2,400 SF
Lot Size0.55 Acres
Price / SF$239.58
Days on Market2
Property Features for 179 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B-1
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 4, Bathroom 1, Basement, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 2
Parking features
Off Street, Driveway
Patio and Porch features
Porch
Exterior features
Balcony, Garden Space, Natural Shade, Outbuilding, Above Ground Pool, Porch, Covered Porch, Shed, Storage
Lot features
Landscaped, Level, Sidewalks, In Town, Near Shopping, Near School(s)
Elementary school
Pembroke Hill School
Middle school
Three Rivers School
High school
Pembroke Academy
Directions
Please refer to GPS.
Standard status
Active
Size
2,400 SF
Lot size
0.55 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7720
Utilities
Heating system
Other (Heating), Steam, Pellet Stove, Oil
Water source
Public
Amenities
pool
storage shed
vegetable and wildflower gardens
farmer's porch
Building Details
Year built
1778
Floors in Building
2
Number of units
2
Flooring type
Combination, Laminate, Wood, Vinyl, Hardwood
Building materials
Clapboard Exterior
Roof type
Shingle
Architectural style
Colonial
Additional Structures
Outbuilding, Storage
Listing Agency:
Keller Williams Gateway Realty/Salem · Keller Williams Realty
(603) 912-5470
Listed By:
Crystal Pasquale
(603) 883-8400
Added: Aug 19
Last Checked: Aug 20 at 11:06PM
MLS# 5105663
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Colonial duplex provides 2,400 square feet on a 0.55-acre parcel, with two residential units and a spacious attic that may offer third-unit conversion potential subject to town approvals and buyer due diligence. Recent improvements include a furnace, hot water heater, roof, windows, decks, an expansive covered porch, and kitchen and bathroom updates in the upper unit. Interior details include wood flooring, a clapboard exterior, shingle roofing, public water, and oil and pellet-stove heating.
The property is located at 179 Main Street in Pembroke’s B-1 Business/Residential District and is within walking distance of downtown. Outdoor features include an above-ground pool, garden areas, natural shade, a shed, storage space, driveway parking, and porch areas. The combination of two units, business/residential zoning, and substantial outdoor space supports a range of residential and other approved uses.
The property is located at 179 Main Street in Pembroke’s B-1 Business/Residential District and is within walking distance of downtown. Outdoor features include an above-ground pool, garden areas, natural shade, a shed, storage space, driveway parking, and porch areas. The combination of two units, business/residential zoning, and substantial outdoor space supports a range of residential and other approved uses.
Key Highlights
- 2,400‑square‑foot duplex on a 0.55‑acre parcel
- B‑1 Business/Residential District zoning
- Attic may support conversion to a third unit, subject to town approvals and buyer due diligence
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,474
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$689,480
$689.5K
Cap Rate 7%
$492,486
$492.5K
Cap Rate 9%
$383,044
$383.0K
Market Conditions
NOI Build-Up for 2,400 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $34,474 @ 7.0% cap · market cap 6.00%
Second Best
Apartment 5plus
$453.8K
$397.1K – $529.5K
NOI $31,767 @ 7.0% cap · market cap 5.52%
Theoretical Best
Office A
$624.9K
$546.8K – $729.1K
NOI $43,744 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with updated living areas, outdoor amenities, and flexible B-1 Business/Residential District zoning.
Where is this duplex located?
The property is located at 179 Main Street 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 on a 0.55‑acre parcel; B‑1 Business/Residential District zoning; Attic may support conversion to a third unit, subject to town approvals and buyer due diligence
