Duplex with Private
2 Shingle Mill Road, Hudson, NH 03051
For Sale
$750,000
Each residence has three bedrooms, one full bathroom, and one half bathroom.
Property Size2,736 SF
Price / SF$274.12
Days on Market146
Property Features for 2 Shingle Mill Road
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Road Access
Taxes and HOA fees
Annual Taxes
Amenities
private rear deck
private driveway
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Lamacchia Realty, Inc.
(603) 791-4992
Listed By:
Matthew Brownrigg
(603) 566-5736
Source:
Appleisland
Added: Jun 17
Changed: Nov 8
Last Checked: Nov 8 at 8:21PM
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 Lamacchia Realty, Inc.
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Investment Insights
Based on property information with market context.
Built in 1980, this duplex contains two residences, each arranged with three bedrooms, a full bathroom, and a half bathroom. Both units have a dining area with access to a private rear deck. Each also has its own driveway; the yard is fully fenced on one side and partially fenced on the other. The property occupies a corner lot of more than one acre and is zoned G-1.
Located at 2 Shingle Mill Road in Hudson, New Hampshire, the property is on a dead-end street near Barretts Hill Road.
Located at 2 Shingle Mill Road in Hudson, New Hampshire, the property is on a dead-end street near Barretts Hill Road.
Key Highlights
- Two units, each with 3 bedrooms, 1 full bath, and 1 half bath
- More than one acre on a corner lot
- Private rear deck and separate driveway for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,179
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$803,580
$803.6K
Cap Rate 7%
$573,986
$574.0K
Cap Rate 9%
$446,433
$446.4K
Market Conditions
NOI Build-Up for 2,736 SF
Gross rent
$60.7K $22.20/SF
− Vacancy
−$3.3K −$1.22/SF
EGI
$57.4K $20.98/SF
− OpEx
−$17.2K −$6.29/SF
NOI
$40.2K $14.69/SF
Area
Hillsborough County, NH
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$803,580
Cap Rate 7%
$573,986
Cap Rate 9%
$446,433
Alternative Uses
Best Use
Multifamily LT 5
$574.0K
$502.2K – $669.7K
NOI $40,179 @ 7.0% cap · market cap 5.36%
Second Best
Apartment 5plus
$531.8K
$465.3K – $620.4K
NOI $37,226 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$868.6K
$760.0K – $1.01M
NOI $60,802 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
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Business Placement
Demographics for 03051, NH
25,394
Population
10,080
Households
2.5
Avg Household Size
44
Median Age
35%
College-Educated
95%
High-School Grad
28.3 sq mi
ZIP Area
897
Density / Sq Mi
$124,973
Median Household Income
$60,768
Median Earnings
$1,615
Median Rent
$407,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Hillsborough County, NH
Properties on Market for Duplexes in Hillsborough County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, one full bathroom, and one half bathroom.
Where is this duplex located?
The property is located at 2 Shingle Mill Road Hudson, NH.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms, 1 full bath, and 1 half bath; More than one acre on a corner lot; Private rear deck and separate driveway for each residence
