Building Details

Year Built 1980

Buildings 1

Abandoned No

Listing Agency: BHHS Verani Realty

Listed By: Ben Verani Weigler Show Phone

Source: Doyle-realty

Added: Oct 8 Changed: Oct 16 Last Checked: Oct 16 at 8:00AM

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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 BHHS Verani Realty

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Investment Insights

Based on property information with market context.

This 2,088-square-foot duplex, built in 1980, has two similar floor plans, each with two bedrooms, a full bathroom upstairs, and a half bathroom on the first floor. Both units include a garage, an eat-in kitchen, a living room, and a rear deck. The left unit is vacant and has received updates including quartz countertops, stainless steel appliances, refinished cabinetry, and refreshed bathroom vanities and lighting. The right unit is also described as well maintained.

The property sits on approximately one acre and is zoned residential. A wooded buffer provides separation from the road, and the decks have a privacy buffer between them.

Key Highlights

• 2,088‑square‑foot duplex built in 1980
• Approximately one acre; residential zoning
• Two similar units, each with two bedrooms, one full bath, and one half bath

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,175

Cap Rate

5.17%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$703,500 $703.5K

Cap Rate 7%

$502,500 $502.5K

Cap Rate 9%

$390,833 $390.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,088 SF

Gross rent

$52.6K $25.20/SF

− Vacancy

−$2.4K −$1.13/SF

EGI

$50.2K $24.07/SF

− OpEx

−$15.1K −$7.22/SF

NOI

$35.2K $16.85/SF

Area

Rockingham County, NH

Vacancy

4.50%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$703,500

Cap Rate 7%

$502,500

Cap Rate 9%

$390,833

Alternative Uses

Best Use

Multifamily LT 5

$502.5K

$439.7K – $586.3K (±1% cap)

NOI $35,175 @ 7.0% cap · market cap 5.17%

Second Best

Apartment 5plus

$452.6K

$396.1K – $528.1K (±1% cap)

NOI $31,685 @ 7.0% cap · market cap 4.66%

Theoretical Best

Office A

$695.2K

$608.3K – $811.0K (±1% cap)

NOI $48,661 @ 7.0% cap · market cap 7.16%

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 Big Box & Wholesale Store Carpet & Flooring Store Electrical Service Daycare Center Food Market

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

Lease Details

2

Residential units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

15

Businesses Nearby

Explore this area Business Placement

Demographics for 03038, NH

34,482

Population

14,207

Households

2.4

Avg Household Size

40

Median Age

35%

College-Educated

93%

High-School Grad

35.8 sq mi

ZIP Area

963

Density / Sq Mi

$104,306

Median Household Income

$53,516

Median Earnings

$1,473

Median Rent

$381,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Two-Unit Duplex with Deck

31 Juniper Road, Derry, NH 03038

$870,000

2,076 SF

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Duplex with Separate Apartment

106 West Broadway, Derry, NH 03038

$549,900

1,962 SF

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Open-Plan Office Unit

6 West Broadway Unit 21, Derry, NH 03038

Contact for pricing

470 SF

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Frequently Asked Questions

What type of property is this?

Duplex - The vacant left unit has been refurbished, while the occupied-side condition is described as well maintained.

Where is this duplex located?

The property is located at 18 Juniper Road Derry, NH.

What is the asking price?

The asking price for this property is $679,900.

What are key features of this property?

This property features: 2,088‑square‑foot duplex built in 1980; Approximately one acre; residential zoning; Two similar units, each with two bedrooms, one full bath, and one half bath