Commercially Zoned
For Sale
$450,000
27 S State Street, Concord, NH 03301
Two-level property with salon and retail use below, residential living space above, and off-street parking.
Property Size2,136 SF
Price / SF$210.67
Days on Market51
Property Features for 27 S State Street
General Information
Standard status
Active
Size
2,136 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Zoning
commercial zoning
Additional Details
Highway Access
Yes
Building Details
Year Built
1890
Listing Agency:
Keller Williams Realty Metro-Concord
Listed By:
Kris Labrake · License #5006
(603) 232-8282
Source:
Welcomeaboderealty
Added: Aug 25
Changed: Sep 29
Last Checked: Oct 12 at 5:08PM
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 Keller Williams Realty Metro-Concord
Investment Insights
Based on property information with market context.
Built in 1890, this two-family property combines commercial and residential functionality within a two-level layout. The first floor is currently configured for salon and retail operations, while the second floor provides living quarters. Commercial zoning supports the property’s existing mixed-use format. Major building updates include a new roof, new windows, and a new heating and hot water system. Off-street parking accommodates up to four vehicles, and a small brick garage adds parking or storage capacity.
The property is located one block from Concord’s Main Street and five minutes from Interstate 93. The setting provides access to downtown dining, entertainment, shopping, and employment, with Manchester, Manchester-Boston Regional Airport, the Lakes Region, and Boston approximately one hour away. The address has a 97 Walk Score and a 49 bike score.
The property is located one block from Concord’s Main Street and five minutes from Interstate 93. The setting provides access to downtown dining, entertainment, shopping, and employment, with Manchester, Manchester-Boston Regional Airport, the Lakes Region, and Boston approximately one hour away. The address has a 97 Walk Score and a 49 bike score.
Key Highlights
- Duplex with commercial zoning and two‑level mixed‑use configuration
- First floor currently used as a salon and retail space; living quarters occupy the second floor
- New roof, windows, and heating/hot water system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,682
Cap Rate
6.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,640
$613.6K
Cap Rate 7%
$438,314
$438.3K
Cap Rate 9%
$340,911
$340.9K
Market Conditions
NOI Build-Up for 2,136 SF
Gross rent
$46.1K $21.60/SF
− Vacancy
−$2.3K −$1.08/SF
EGI
$43.8K $20.52/SF
− OpEx
−$13.1K −$6.16/SF
NOI
$30.7K $14.36/SF
Area
Merrimack County, NH
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$613,640
Cap Rate 7%
$438,314
Cap Rate 9%
$340,911
Alternative Uses
Best Use
Multifamily LT 5
$438.3K
$383.5K – $511.4K
NOI $30,682 @ 7.0% cap · market cap 6.82%
Second Best
Apartment 5plus
$403.9K
$353.4K – $471.2K
NOI $28,273 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$556.2K
$486.7K – $648.9K
NOI $38,932 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,505
Businesses Nearby
Explore this area
Business Placement
Demographics for 03301, NH
33,352
Population
14,486
Households
2.3
Avg Household Size
43
Median Age
42%
College-Educated
92%
High-School Grad
49.2 sq mi
ZIP Area
678
Density / Sq Mi
$85,943
Median Household Income
$49,749
Median Earnings
$1,355
Median Rent
$344,300
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-level property with salon and retail use below, residential living space above, and off-street parking.
Where is this duplex located?
The property is located at 27 S State Street Concord, NH.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Duplex with commercial zoning and two‑level mixed‑use configuration; First floor currently used as a salon and retail space; living quarters occupy the second floor; New roof, windows, and heating/hot water system
