Two-Unit
New
For Sale
$549,000
21 Waumbeck Rd, Wolfeboro, NH 03894
An updated upper-floor apartment pairs with a three-bedroom first-floor living area.
Property Size2,634 SF
Price / SF$208.43
Days on Market5
Property Features for 21 Waumbeck Rd
General Information
Standard status
Active
Size
2,634 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
undergoing renovation
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Building Details
Year Built
1950
Buildings
1
Listing Agency:
Lisa Bailey Of RE/MAX Synergy
Listed By:
Dempsey Realty Group
(603) 321-5891
Source:
Dempseyteam
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 5 at 6:57PM
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 Lisa Bailey Of RE/MAX Synergy
Investment Insights
Based on property information with market context.
This 1950 duplex contains a two-bedroom apartment on the second floor, with its own entrance, and a first-floor area with three bedrooms and additional living space. Updates to the upper apartment include new windows, a remodeled bedroom, an updated bathroom and laundry area, hardwood and tile flooring, and a mini-split system for heating and air conditioning. The property is being sold as is while renovation work continues. Town water serves the home, and a wood stove and riding lawn mower are included.
The level, grassy lot has mature trees, a private backyard, and a 12-foot-by-16-foot storage shed. A former 35-foot-by-55-foot vegetable garden is also on the property. The home is approximately 2 miles from downtown Wolfeboro and Lake Winnipesaukee, with schools, shops, and restaurants nearby.
The level, grassy lot has mature trees, a private backyard, and a 12-foot-by-16-foot storage shed. A former 35-foot-by-55-foot vegetable garden is also on the property. The home is approximately 2 miles from downtown Wolfeboro and Lake Winnipesaukee, with schools, shops, and restaurants nearby.
Key Highlights
- Two‑unit duplex with a two‑bedroom upper apartment and a three‑bedroom first‑floor area
- Second‑floor apartment has a private entrance
- Mini‑split system provides heating and air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,638
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,760
$612.8K
Cap Rate 7%
$437,686
$437.7K
Cap Rate 9%
$340,422
$340.4K
Market Conditions
NOI Build-Up for 2,634 SF
Gross rent
$45.8K $17.40/SF
− Vacancy
−$2.1K −$0.78/SF
EGI
$43.8K $16.62/SF
− OpEx
−$13.1K −$4.99/SF
NOI
$30.6K $11.63/SF
Area
Carroll County, NH
Vacancy
4.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,760
Cap Rate 7%
$437,686
Cap Rate 9%
$340,422
Alternative Uses
Best Use
Multifamily LT 5
$437.7K
$383.0K – $510.6K
NOI $30,638 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$387.2K
$338.8K – $451.8K
NOI $27,107 @ 7.0% cap · market cap 4.94%
Theoretical Best
Office A
$657.7K
$575.5K – $767.3K
NOI $46,039 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Demographics for 03894, NH
6,382
Population
4,347
Households
1.5
Avg Household Size
58
Median Age
43%
College-Educated
99%
High-School Grad
47.3 sq mi
ZIP Area
135
Density / Sq Mi
$84,660
Median Household Income
$44,841
Median Earnings
$1,093
Median Rent
$435,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - An updated upper-floor apartment pairs with a three-bedroom first-floor living area.
Where is this duplex located?
The property is located at 21 Waumbeck Rd Wolfeboro, NH.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Two‑unit duplex with a two‑bedroom upper apartment and a three‑bedroom first‑floor area; Second‑floor apartment has a private entrance; Mini‑split system provides heating and air conditioning
