Duplex with Attached In-Law
New
For Sale
$789,900
2099 Nh Route 140, Gilmanton, NH 03837
Private country property offers flexible living arrangements, substantial grounds, and multiple accessory improvements.
Property Size4,573 SF
Lot Size5.61 Acres
Days on Market2
Property Features for 2099 Nh Route 140
General Information
Standard status
Active
Size
4,573 SF
Lot size
5.61 Acres
Property subtype
Multi Family Home
Zoning
res
Additional Details
Road Access
Yes
Multifamily Units
2
Amenities
circular driveway
RV hookup
campfire area
gazebo
outdoor cooking space
outbuildings
Building Details
Building Size
4,573 SF
Year Built
2001
Stories
2
Units
2
Listing Agency:
Granite Group Realty Services
(603) 744-3004
Listed By:
Margaret Duba
(603) 744-3004
Source:
Ossipeelakere
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 7:05AM
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 Granite Group Realty Services
Investment Insights
Based on property information with market context.
This duplex property provides a one-floor primary residence with 4 bedrooms and 5 baths, complemented by an attached in-law apartment with its own entrance. Interior features include a custom kitchen, finished basement, and attached 2-car garage. The property also includes a circular driveway, RV hookup, gazebo with gated deck, outdoor cooking area, campfire space, and several outbuildings suited to storage, workshop, or hobby use. A former chicken coop is currently used for storage.
Set on 5.61 acres in Gilmanton, the home is positioned more than 700 feet from the road for a private setting. Crystal Lake, Alton Bay, and Lake Winnipesaukee are identified as nearby destinations. The roof was replaced in 2020, while a new furnace and 80-gallon hot water tank were installed in December 2023. Residential zoning is listed as res.
Set on 5.61 acres in Gilmanton, the home is positioned more than 700 feet from the road for a private setting. Crystal Lake, Alton Bay, and Lake Winnipesaukee are identified as nearby destinations. The roof was replaced in 2020, while a new furnace and 80-gallon hot water tank were installed in December 2023. Residential zoning is listed as res.
Key Highlights
- 5.61‑acre property in Gilmanton, NH
- 4‑bedroom, 5‑bath primary residence with attached in‑law apartment
- Separate entrance serves the attached secondary living area
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
$66,724
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
8.45%
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%
$1,334,480
$1.3M
Cap Rate 7%
$953,200
$953.2K
Cap Rate 9%
$741,378
$741.4K
Market Conditions
NOI Build-Up for 4,573 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
$98.8K $21.60/SF
− Vacancy
−$3.5K −$0.76/SF
EGI
$95.3K $20.84/SF
− OpEx
−$28.6K −$6.25/SF
NOI
$66.7K $14.59/SF
Area
Belknap County, NH
Vacancy
3.50%
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%
$1,334,480
Cap Rate 7%
$953,200
Cap Rate 9%
$741,378
Alternative Uses
Best Use
Multifamily LT 5
$953.2K
$834.1K – $1.11M
NOI $66,724 @ 7.0% cap · market cap 8.45%
Second Best
Apartment 5plus
$876.5K
$766.9K – $1.02M
NOI $61,354 @ 7.0% cap · market cap 7.77%
Theoretical Best
Office A
$1.09M
$951.6K – $1.27M
NOI $76,124 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
Explore this area
Business Placement
Demographics for 03837, NH
1,471
Population
1,073
Households
1.4
Avg Household Size
45
Median Age
43%
College-Educated
92%
High-School Grad
20.0 sq mi
ZIP Area
74
Density / Sq Mi
$116,605
Median Household Income
$67,006
Median Earnings
$365,700
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 - Private country property offers flexible living arrangements, substantial grounds, and multiple accessory improvements.
Where is this duplex located?
The property is located at 2099 Nh Route 140 Gilmanton, NH.
What is the asking price?
The asking price for this property is $789,900.
What are key features of this property?
This property features: 5.61‑acre property in Gilmanton, NH; 4‑bedroom, 5‑bath primary residence with attached in‑law apartment; Separate entrance serves the attached secondary living area
