Updated Two-Unit Duplex
For Sale
$495,000
19-21 Kentville Terrace, Hampton, NH 03842
Renovated two-unit property with a furnished loft apartment, updated kitchens, and leased land subject to buyer-paid taxes.
Property Size2,268 SF
Price / SF$218.25
Days on Market188
Property Features for 19-21 Kentville Terrace
General Information
Standard status
Active
Size
2,268 SF
Property subtype
Multi Family
Zoning
BS
Units
Unit Mix
1 x 2BR, 1 x 1BR+loft
Multifamily Units
2
Additional Details
Furnished
Yes
Taxes and HOA fees
Annual Taxes
$14,190
Amenities
Wall AC Units
Natural Gas, Baseboard, Electric, Hot Water
No
Natural Gas Water Heater
2
3
Asphalt Shingle
Vinyl Siding
Building Details
Year Built
1982
Buildings
1
Listing Agency:
Oceanside Real Estate
(603) 926-3542
Listed By:
Duane Windemiller
(603) 926-3542
Source:
Compass
Added: Feb 24
Changed: Aug 30
Last Checked: Aug 31 at 1:48AM
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 Oceanside Real Estate
Investment Insights
Based on property information with market context.
This 2,268-square-foot duplex cottage, built in 1982, contains a two-bedroom first-floor unit and a furnished second-floor one-bedroom apartment with a loft. Improvements include renovated kitchens, stainless steel appliances, hardwood and porcelain tile flooring, new windows, vaulted ceilings, recessed lighting, ceiling fans, and new air conditioning. Washer and dryer hookups are provided in both units. The upper residence also includes a small sunroom with shiplap ceilings, while the property offers a deck with partial ocean views.
The land is leased, and the buyer is responsible for taxes on the land. The property is identified with BS zoning and features vinyl siding, asphalt shingles, and natural gas service with baseboard, electric, and hot-water systems.
The land is leased, and the buyer is responsible for taxes on the land. The property is identified with BS zoning and features vinyl siding, asphalt shingles, and natural gas service with baseboard, electric, and hot-water systems.
Key Highlights
- 2,268 SF duplex cottage with two separate residential units
- Unit mix includes a 2‑bedroom apartment and a furnished 1‑bedroom loft
- Renovated kitchens with stainless steel appliances
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
$38,207
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
7.72%
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%
$764,140
$764.1K
Cap Rate 7%
$545,814
$545.8K
Cap Rate 9%
$424,522
$424.5K
Market Conditions
NOI Build-Up for 2,268 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
$57.2K $25.20/SF
− Vacancy
−$2.6K −$1.13/SF
EGI
$54.6K $24.07/SF
− OpEx
−$16.4K −$7.22/SF
NOI
$38.2K $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 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%
$764,140
Cap Rate 7%
$545,814
Cap Rate 9%
$424,522
Alternative Uses
Best Use
Multifamily LT 5
$545.8K
$477.6K – $636.8K
NOI $38,207 @ 7.0% cap · market cap 7.72%
Second Best
Apartment 5plus
$491.7K
$430.2K – $573.6K
NOI $34,416 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$755.1K
$660.7K – $880.9K
NOI $52,856 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Explore this area
Business Placement
Demographics for 03842, NH
16,048
Population
9,978
Households
1.6
Avg Household Size
53
Median Age
43%
College-Educated
96%
High-School Grad
12.8 sq mi
ZIP Area
1,254
Density / Sq Mi
$94,433
Median Household Income
$53,533
Median Earnings
$1,679
Median Rent
$491,600
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 - Renovated two-unit property with a furnished loft apartment, updated kitchens, and leased land subject to buyer-paid taxes.
Where is this duplex located?
The property is located at 19-21 Kentville Terrace Hampton, NH.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 2,268 SF duplex cottage with two separate residential units; Unit mix includes a 2‑bedroom apartment and a furnished 1‑bedroom loft; Renovated kitchens with stainless steel appliances
