Duplex with Updated Upper
21 Waumbeck Rd, Wolfeboro, NH 03894
For Sale
$500,000
Two separate living areas offer flexibility for occupancy or rental use, with the property offered in as-is condition.
Property Size2,634 SF
Lot Size1.00 Acre
Price / SF$189.83
Days on Market25
Property Features for 21 Waumbeck Rd
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
KW Coastal and Lakes & Mountains Realty
Listed By:
Purple Acorn Acorn
(603) 610-8500
Source:
Newhampshirehomematch
Added: Oct 14
Changed: Nov 4
Last Checked: Nov 6 at 9:30AM
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 KW Coastal and Lakes & Mountains Realty
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Investment Insights
Based on property information with market context.
Built in 1950, this 2,634-square-foot duplex sits on a level one-acre parcel. The upper apartment has two bedrooms, a separate entrance, updated windows, hardwood and tile floors, and a mini-split system. The lower unit includes three bedrooms, vaulted ceilings, first-floor laundry, and an updated bathroom. Pine V-groove walls and exposed hemlock beams distinguish the primary bedroom. Recent work includes perimeter drainage at the foundation and other finish updates; renovations are ongoing, and the property is being sold as-is.
The property is 2 miles from downtown Wolfeboro and Lake Winnipesaukee. A 12' x 16' storage shed is located on the grounds, which also include a level backyard and mature trees.
The property is 2 miles from downtown Wolfeboro and Lake Winnipesaukee. A 12' x 16' storage shed is located on the grounds, which also include a level backyard and mature trees.
Key Highlights
- Two‑unit property with 2,634 square feet on one acre
- Upper apartment has two bedrooms, a private entrance, updated windows, hardwood and tile floors, and a mini‑split system
- Lower unit includes three bedrooms, vaulted ceilings, first‑floor laundry, and an updated bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,638
Cap Rate
6.13%
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 6.13%
Second Best
Apartment 5plus
$387.2K
$338.8K – $451.8K
NOI $27,107 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$657.7K
$575.5K – $767.3K
NOI $46,039 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
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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
$435,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Carroll County, NH
Properties on Market for Duplexes in Carroll County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate living areas offer flexibility for occupancy or rental use, with the property offered in as-is condition.
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 $500,000.
What are key features of this property?
This property features: Two‑unit property with 2,634 square feet on one acre; Upper apartment has two bedrooms, a private entrance, updated windows, hardwood and tile floors, and a mini‑split system; Lower unit includes three bedrooms, vaulted ceilings, first‑floor laundry, and an updated bathroom
