Mixed-Use Duplex Conversion
26 Main Street Antrim, NH 03440
26 Main Street, Antrim, NH, 03440
$379,000
For Sale
$379,000
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 Market74
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: May 10 Updated: Jul 22 at 8:17AM Checked: Jul 22 at 8:17AM
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
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.6k | $22.20 |
| − Vacancy | −$2.8k | −$1.22 |
| EGI | $48.7k | $20.98 |
| − OpEx | −$14.6k | −$6.29 |
| NOI | $34.1k | $14.69 |
2,323 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
H&R Block
Tax Preparation
Bellows-Nichols Insurance
Insurance Agency
Van Horn R ...
Tax Preparation
FAQs
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
