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2 Thurlow Street, Plymouth, NH, 03264
Renovated Duplex with Private Patio

2 Thurlow Street Plymouth, NH 03264

New
For Sale
$599,000

Renovated duplex in Plymouth, NH, offering flexible use as one home or two separate units with a private patio.

Property Size2,200 SF
Price / SF$272.27
Days on Market2

Property Features for 2 Thurlow Street

General Information

Standard status
Active
Size
2,200 SF
Property subtype
Multi Family Home

Building Details

Year Built
1864
Listing Agency: Badger Peabody & Smith Realty/Holderness
Listed By: Jerrod Mitchell
Source: Threehillsres
Added: Jul 22 Changed: Jul 23 Last Checked: Jul 23 at 2:42PM

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 Badger Peabody & Smith Realty/Holderness


Investment Insights

Based on property information with market context.

This renovated duplex offers flexible living arrangements, with the option to use the property as a single-family home or as two separate units. The updated first floor features an inviting large enclosed front porch, a quality kitchen, good-sized bedrooms, and a large living area with vaulted ceilings. Off the living room is a private patio, providing outdoor space for relaxing or gardening. The upstairs unit includes two bedrooms and one bathroom.

Updates in recent years include new insulation, windows, siding, and roof. An attached two-story barn adds practical utility, with space for parking for two and storage for days. The property is located in Plymouth, with downtown only moments away, and Fox Park is across the road. The home is being sold mostly furnished.

Key Highlights

  • Renovated home/duplex in Plymouth, NH, offering flexibility to use as a single‑family home or two separate units
  • Upgrades include new insulation, windows, siding, and roof only a few years ago
  • Upstairs unit features 2 bedrooms and 1 bathroom

Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $33.0k $15.00
− Vacancy −$1.8k −$0.83
EGI $31.2k $14.17
− OpEx −$9.4k −$4.25
NOI $21.8k $9.92
2,200 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$311.9K
$272.9K – $363.8K (±1% cap)
NOI $21,830 @ 7.0% cap · market cap 3.64%
Second Best
Apartment 5plus
$285.7K
$250.0K – $333.4K (±1% cap)
NOI $20,001 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$483.9K
$423.4K – $564.6K (±1% cap)
NOI $33,875 @ 7.0% cap · market cap 5.66%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Auto Parts Store Garden Center Building Supply (Bike/Boat/Book/etc) Store Big Box & Wholesale Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Electrical Service Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Renovated duplex in Plymouth, NH, offering flexible use as one home or two separate units with a private patio.
Where is this duplex located?
The property is located at 2 Thurlow Street Plymouth, NH.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Renovated home/duplex in Plymouth, NH, offering flexibility to use as a single‑family home or two separate units; Upgrades include new insulation, windows, siding, and roof only a few years ago; Upstairs unit features 2 bedrooms and 1 bathroom
More about this property
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