Mixed-Use Duplex Conversion
For Sale
$379,000
26 Main Street, Antrim, NH 03440
Duplex with a covered porch/patio and large kitchen, currently configured for non-traditional use with potential conversion back to residential.
Property Size2,323 SF
Price / SF$163.15
Days on Market211
Property Features for 26 Main Street
General Information
Standard status
Active
Size
2,323 SF
Property subtype
Multi-family
Building Details
Year Built
1890
Listing Agency:
BHG Masiello Dover
Listed By:
Melinda Paker
(802) 422-3600
Source:
Killingtonpicorealty
Added: Feb 8
Changed: Sep 6
Last Checked: Sep 7 at 11:39AM
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 BHG Masiello Dover
Investment Insights
Based on property information with market context.
This duplex is arranged with multiple rooms on the first level, including a full bath, plus a half bath adjacent to the kitchen. The covered porch or patio leads into a large country kitchen, and there are three good-sized rooms on the upper level.
The property is currently configured for non-traditional use, and the available information notes it may be converted back to residential use with town approvals. Leases are in place with two tenants, and both are described as possibly willing to end their leases. Buyers are encouraged to perform their own due diligence regarding zoning and permitted uses.
The property is currently configured for non-traditional use, and the available information notes it may be converted back to residential use with town approvals. Leases are in place with two tenants, and both are described as possibly willing to end their leases. Buyers are encouraged to perform their own due diligence regarding zoning and permitted uses.
Key Highlights
- Year built 1890 with a covered porch/patio
- Large country kitchen plus full bath on the first level
- Half bath and additional rooms off the kitchen with options for reconfiguration
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,114
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$682,280
$682.3K
Cap Rate 7%
$487,343
$487.3K
Cap Rate 9%
$379,044
$379.0K
Market Conditions
NOI Build-Up for 2,323 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$51.6K $22.20/SF
− Vacancy
−$2.8K −$1.22/SF
EGI
$48.7K $20.98/SF
− OpEx
−$14.6K −$6.29/SF
NOI
$34.1K $14.69/SF
Area
Hillsborough County, NH
Vacancy
5.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$682,280
Cap Rate 7%
$487,343
Cap Rate 9%
$379,044
Alternative Uses
Best Use
Multifamily LT 5
$487.3K
$426.4K – $568.6K
NOI $34,114 @ 7.0% cap · market cap 9.00%
Second Best
Apartment 5plus
$451.5K
$395.1K – $526.8K
NOI $31,607 @ 7.0% cap · market cap 8.34%
Theoretical Best
Specialty Retail
$4.26M
$3.72M – $4.97M
NOI $297,925 @ 7.0% cap · market cap 78.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
80
Businesses Nearby
Explore this area
Business Placement
Demographics for 03440, NH
2,726
Population
1,365
Households
2
Avg Household Size
45
Median Age
33%
College-Educated
95%
High-School Grad
31.3 sq mi
ZIP Area
87
Density / Sq Mi
$91,094
Median Household Income
$51,522
Median Earnings
$1,057
Median Rent
$271,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex with a covered porch/patio and large kitchen, currently configured for non-traditional use with potential conversion back to residential.
Where is this duplex located?
The property is located at 26 Main Street Antrim, NH.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Year built 1890 with a covered porch/patio; Large country kitchen plus full bath on the first level; Half bath and additional rooms off the kitchen with options for reconfiguration
