Duplex with Expansive
New
For Sale
$575,000
179 Main St., Pembroke, NH 03275
Residential Income, Pembroke, NH
Property Size2,400 SF
Lot Size0.55 Acres
Price / SF$239.58
Days on Market2
Property Features for 179 Main St.
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B-1
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 5, Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 1, Bathroom 2
Parking
6
Fireplace
1
Elementary school
Pembroke Hill School
Middle school
Three Rivers School
High school
Pembroke Academy
Directions
Please use GPS.
Standard status
Active
APN
148171
Size
2,400 SF
Lot size
0.55 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7720
Amenities
pool
Building Details
Year built
1778
Floors in Building
3
Number of units
2
Listing Agency:
Keller Williams Gateway Realty · Keller Williams Realty
(603) 912-5470
Listed By:
Norm Aboshar
(603) 883-8400
Added: Aug 28
Last Checked: Aug 29 at 3:06AM
MLS# 73565744
Copyright © 2026 MLS Property Information Network Inc. 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 2,400-square-foot duplex sits on a 0.55-acre parcel and includes five bedrooms, two bathrooms, a fireplace, and outdoor amenities suited to both residential use and extended occupancy. Improvements include a newer furnace, hot water heater, roof, windows, decks, and an expansive farmer’s porch with cedar flooring. The upper unit also has an updated kitchen and bathroom. Wide-plank king pine floors, multiple beehive ovens, and a front door believed to contain original bull’s-eye glass add distinctive architectural details.
The property is located at 179 Main St. in Pembroke’s B-1 Business/Residential District, within walking distance of downtown Suncook Village. The grounds include a pool, storage shed, vegetable and wildflower gardens, and a substantial backyard. A spacious attic may offer an opportunity for a third unit, subject to town approvals and buyer due diligence.
The property is located at 179 Main St. in Pembroke’s B-1 Business/Residential District, within walking distance of downtown Suncook Village. The grounds include a pool, storage shed, vegetable and wildflower gardens, and a substantial backyard. A spacious attic may offer an opportunity for a third unit, subject to town approvals and buyer due diligence.
Key Highlights
- 2,400‑square‑foot duplex on a 0.55‑acre parcel
- Five bedrooms, two bathrooms, and a fireplace
- B‑1 Business/Residential District zoning in Pembroke
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
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Frequently Asked Questions
What type of property is this?
Duplex - Pembroke property in the B-1 Business/Residential District with a pool, gardens, and flexible live-work potential.
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 on a 0.55‑acre parcel; Five bedrooms, two bathrooms, and a fireplace; B‑1 Business/Residential District zoning in Pembroke
