Two-Unit Colonial
For Sale
$500,000
21 Waumbeck Road, Wolfeboro, NH 03894
Multi-Family, Wolfeboro, NH
Property Size2,634 SF
Lot Size1.00 Acre
Price / SF$189.83
Days on Market23
Property Features for 21 Waumbeck Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Rooms
Basement
Lot features
In Town
Standard status
Active
Size
2,634 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
2921
Utilities
Utilities
Cable Available
Heating system
Forced Air
Cooling system
Ductless, Zoned
Water source
Public
Amenities
private entrance
new windows
hardwood and tile flooring
mini-split system
vaulted ceilings
first-floor laundry
updated bathroom
level backyard
mature trees
storage shed
Building Details
Year built
1950
Floors in Building
2
Number of units
2
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Colonial
Listing Agency:
KW Coastal and Lakes & Mountains Realty · Keller Williams Realty
Listed By:
Purple Acorn
(603) 610-8500
Added: Oct 15
Changed: Nov 3
Last Checked: Nov 6 at 7:06AM
MLS# 5114378
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1950 Colonial duplex contains 2,634 square feet across two living spaces on a level, one-acre parcel. The upper apartment has two bedrooms, its own entrance, hardwood and tile floors, updated windows, and a ductless mini-split system. The lower residence includes three bedrooms, vaulted ceilings, first-floor laundry, and an updated bathroom. Renovations are in progress, and the property is being sold as-is. Recent work includes perimeter drainage at the foundation and interior finish updates.
The property is approximately 2 miles from downtown Wolfeboro and Lake Winnipesaukee. A 12-by-16-foot storage shed and a tree-lined backyard are additional site features. Heating is forced air, cooling is ductless and zoned, and the water source is public.
The property is approximately 2 miles from downtown Wolfeboro and Lake Winnipesaukee. A 12-by-16-foot storage shed and a tree-lined backyard are additional site features. Heating is forced air, cooling is ductless and zoned, and the water source is public.
Key Highlights
- Two residential units with a combined 2,634 square feet
- One‑acre level lot with a 12' x 16' storage shed
- Upper apartment has two bedrooms and a private entrance
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
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The two residences offer distinct layouts, including a two-bedroom upper apartment and a three-bedroom lower unit.
Where is this duplex located?
The property is located at 21 Waumbeck Road 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 residential units with a combined 2,634 square feet; One‑acre level lot with a 12' x 16' storage shed; Upper apartment has two bedrooms and a private entrance
