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Residential Income Property with In-Law Suite

2099 NH Route 140 Gilmanton, NH 03837

2099 NH Route 140, Gilmanton, NH, 03837

$789,900

For Sale

$789,900

MULTI_FAMILY - Other - Gilmanton, NH

Property Size4,573 SF

Lot Size5.61 Acres

Price / SF$172.73

Days on Market57

Property Features for 2099 NH Route 140

General Information

Property type: Residential Multi Family
Property subtype: Other
Zoning: res
Bedrooms: 3
Bathrooms: 4
Rooms: Bedroom 3, Bathroom 3, Bathroom 2, Basement, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 2
Standard status: Active
Size: 4,573 SF
Lot size: 5.61 Acres

Utilities

Heating system: Baseboard, Forced Air, Radiant
Water source: Well

Building Details

Year built: 2001
Floors in Building: 2
Number of units: 2
Building materials: Wood Frame
Roof type: Shingle
Architectural style: Other

Listing Agency Granite Group Realty Services

366 Lake St., Suite A, Bristol, NH

Listed by Margaret Duba

Added: May 24 Checked: Jul 19 at 10:06 am

MLS# 5090715 Listing URL

Investment Insights

Based on property information with market context.

This residential income property features a spacious one-floor ranch with 4 bedrooms and 5 baths, supported by a finished basement. The home includes a custom kitchen and an attached 2-car garage. An attached in-law apartment offers flexibility with a separate entrance, which can support multi-generational living or additional household needs.

The property is set on a 5.61-acre lot and sits more than 700 feet back from the road for added privacy. Exterior features include a large circular driveway, RV hookup, campfire area, gazebo with gated deck, and outdoor cooking space, along with several outbuildings for storage or workshop use.

Recent improvements include a new furnace and an 80-gallon hot water tank installed in December 2023, and a roof replacement completed in 2020. A former chicken coop is currently used as storage and could be converted back. To respect the quiet enjoyment of the tenants, showings will initially focus on the main residence, with the additional unit shown upon serious interest and further consideration.

Key Highlights

4‑bedroom, 5‑bath ranch built in 2001 with one‑floor living plus a finished basement and attached in‑law apartment with a separate entrance
Set on a private 5.61‑acre lot more than 700 feet back from the road
December 2023 updates include a new furnace and an 80‑gallon hot water tank; roof replaced in 2020

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$98.8k	$21.60
− Vacancy	−$3.5k	−$0.76
EGI	$95.3k	$20.84
− OpEx	−$28.6k	−$6.25
NOI	$66.7k	$14.59

4,573 SF · lease $21.60/SF/yr · vacancy 3.50% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$953.2K

$834.1K – $1.11M (±1% cap)

NOI $66,724 @ 7.0% cap · market cap 8.45%

Second Best

Apartment 5plus

$876.5K

$766.9K – $1.02M (±1% cap)

NOI $61,354 @ 7.0% cap · market cap 7.77%

Theoretical Best

Office A

$1.09M

$951.6K – $1.27M (±1% cap)

NOI $76,124 @ 7.0% cap · market cap 9.64%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

For sale
Duplexes
NH
Gilmanton
03837
2099 NH Route 140

What type of property is this?

Duplex - A ranch with an attached in-law apartment, separate entrance, finished basement, and multiple outbuildings on a private lot set back from the road.

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: 4‑bedroom, 5‑bath ranch built in 2001 with one‑floor living plus a finished basement and attached in‑law apartment with a separate entrance; Set on a private 5.61‑acre lot more than 700 feet back from the road; December 2023 updates include a new furnace and an 80‑gallon hot water tank; roof replaced in 2020