Building Details

Year Built 1954

Buildings 1

Listing Agency: DiPietro Group Real Estate

Listed By: Joseph Pantaleo Show Phone

Source: Burkelordrealestate

Added: Oct 17 Changed: Oct 21 Last Checked: Oct 20 at 9:14PM

Report an Issue

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 DiPietro Group Real Estate

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Configured as a duplex, the 1,864-square-foot property contains two independent living areas, each with two bedrooms and one full bathroom. Separate entrances support distinct access, and a legal accessory dwelling unit is part of the arrangement. The interiors have been updated, and the residence was built in 1954.

The property is at 29 Shadow Lake Road in Salem, New Hampshire, with access to local shopping, restaurants, entertainment, and everyday services. Tuscan Village, major commuter routes, and the Massachusetts border are minutes away.

Key Highlights

• Legal accessory dwelling unit
• Two separate entrances
• Two living areas, each with 2 bedrooms and 1 full bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,401

Cap Rate

5.23%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$628,020 $628.0K

Cap Rate 7%

$448,586 $448.6K

Cap Rate 9%

$348,900 $348.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,864 SF

Gross rent

$47.0K $25.20/SF

− Vacancy

−$2.1K −$1.13/SF

EGI

$44.9K $24.07/SF

− OpEx

−$13.5K −$7.22/SF

NOI

$31.4K $16.85/SF

Area

Rockingham County, NH

Vacancy

4.50%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$628,020

Cap Rate 7%

$448,586

Cap Rate 9%

$348,900

Alternative Uses

Best Use

Multifamily LT 5

$448.6K

$392.5K – $523.4K (±1% cap)

NOI $31,401 @ 7.0% cap · market cap 5.23%

Second Best

Apartment 5plus

$404.1K

$353.6K – $471.4K (±1% cap)

NOI $28,286 @ 7.0% cap · market cap 4.72%

Theoretical Best

Office A

$620.6K

$543.0K – $724.0K (±1% cap)

NOI $43,440 @ 7.0% cap · market cap 7.24%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

209

Businesses Nearby

Explore this area Business Placement

Demographics for 03079, NH

30,095

Population

13,511

Households

2.2

Avg Household Size

46

Median Age

39%

College-Educated

96%

High-School Grad

24.8 sq mi

ZIP Area

1,214

Density / Sq Mi

$101,339

Median Household Income

$59,515

Median Earnings

$1,487

Median Rent

$438,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Similar For Sale Nearby

See more

Two-Story Office Suite for Sale

90 Stiles Road # 202, Salem, NH 03079

$654,900

3,015 SF

View details

Two-Story Office Suite

90 Stiles Rd # 202, Salem, NH 03079

$654,900

3,015 SF

View details

End-Unit Professional Office Condo

206-45 Stiles Rd, Salem, NH 03079

$239,900

1,490 SF

View details

Medical-Ready Office Condominium

289 Main St Unit 10, Salem, NH 03079

$150,000

1,343 SF

View details

Updated Office Building with Suites

103 Stiles Road, Salem, NH 03079

$2,000,000

10,496 SF

View details

Mixed-Use Property with Upstairs Apartment

187 Main Street, Salem, NH 03079

$525,000

View details

Three-Bay Jiffy Lube Auto Shop

194 N Broadway, Salem, NH 03079

$1,200,000

View details

Second-Floor Office Unit

264 North Broadway Road 204 A, Salem, NH 03079

$224,900

View details

Built-Out Commercial Kitchen

380 South Broadway, Salem, NH 03079

Contact for pricing

View details

Frequently Asked Questions

What type of property is this?

Duplex - Two separate entrances serve matching living areas, each with two bedrooms and one full bathroom.

Where is this duplex located?

The property is located at 29 Shadow Lake Road Salem, NH.

What is the asking price?

The asking price for this property is $599,900.

What are key features of this property?

This property features: Legal accessory dwelling unit; Two separate entrances; Two living areas, each with 2 bedrooms and 1 full bathroom