Two-Unit Residential Income
For Sale
$319,000
22 Cosmar Drive, Wakefield, NH 03872
Two-unit property in Wakefield with long-term tenants, separate utilities, and in-unit laundry on the upper unit.
Property Size1,584 SF
Price / SF$201.39
Days on Market98
Property Features for 22 Cosmar Drive
General Information
Standard status
Active
Size
1,584 SF
Property subtype
Multi Family
Zoning
V/RVILL / RES
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,940
Building Details
Year Built
1890
Stories
2
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Wolfeboro
Listed By:
Adam Dow · License #056660
(866) 525-3946
Source:
Laerrealty
Added: Jul 10
Changed: Oct 10
Last Checked: Oct 14 at 8:12PM
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/Wolfeboro
Investment Insights
Based on property information with market context.
This two-unit residential income property offers separate living setups with long-term tenants in place. The lower unit features 2 bedrooms and 1 bathroom. The upper unit includes 1 bedroom and 1 bathroom and offers in-unit laundry.
Each unit has its own heat and electricity service, providing independent utility management for both tenants.
The property is offered for sale as a 2-unit multifamily investment with current rental occupancy.
Each unit has its own heat and electricity service, providing independent utility management for both tenants.
The property is offered for sale as a 2-unit multifamily investment with current rental occupancy.
Key Highlights
- 2‑unit multi‑family property built in 1890
- Lower unit: 2 beds and 1 bathroom; long‑term tenant occupied
- Upper unit: 1 bed and 1 bathroom with in‑unit laundry; long‑term tenant occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,425
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$368,500
$368.5K
Cap Rate 7%
$263,214
$263.2K
Cap Rate 9%
$204,722
$204.7K
Market Conditions
NOI Build-Up for 1,584 SF
Gross rent
$27.6K $17.40/SF
− Vacancy
−$1.2K −$0.78/SF
EGI
$26.3K $16.62/SF
− OpEx
−$7.9K −$4.99/SF
NOI
$18.4K $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%
$368,500
Cap Rate 7%
$263,214
Cap Rate 9%
$204,722
Alternative Uses
Best Use
Multifamily LT 5
$263.2K
$230.3K – $307.1K
NOI $18,425 @ 7.0% cap · market cap 5.78%
Second Best
Apartment 5plus
$232.9K
$203.8K – $271.7K
NOI $16,301 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$395.5K
$346.1K – $461.4K
NOI $27,686 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
112
Businesses Nearby
Explore this area
Business Placement
Demographics for 03872, NH
3,981
Population
2,435
Households
1.6
Avg Household Size
51
Median Age
33%
College-Educated
97%
High-School Grad
52.0 sq mi
ZIP Area
77
Density / Sq Mi
$91,563
Median Household Income
$65,668
Median Earnings
$950
Median Rent
$319,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Two-unit property in Wakefield with long-term tenants, separate utilities, and in-unit laundry on the upper unit.
Where is this duplex located?
The property is located at 22 Cosmar Drive Wakefield, NH.
What is the asking price?
The asking price for this property is $319,000.
What are key features of this property?
This property features: 2‑unit multi‑family property built in 1890; Lower unit: 2 beds and 1 bathroom; long‑term tenant occupied; Upper unit: 1 bed and 1 bathroom with in‑unit laundry; long‑term tenant occupied
