Updated Duplex with Legal
For Sale
$599,900
Pending
29 Shadow Lake Rd, Salem, NH 03079
Separate entrances serve two living areas, each with its own kitchen-free?
Property Size1,864 SF
Days on Market18
Property Features for 29 Shadow Lake Rd
General Information
Standard status
Pending
Size
1,864 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Year Built
1954
Buildings
1
Listing Agency:
DiPietro Group Real Estate
Listed By:
Joseph Pantaleo
(603) 327-9760
Source:
Seevermonthomesforsale
Added: Oct 15
Changed: Oct 31
Last Checked: Oct 30 at 2:27PM
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.
Investment Insights
Based on property information with market context.
Built in 1954, this 1,864-square-foot duplex includes two distinct living areas with separate entrances and nearly matching layouts. Each area has two bedrooms and one full bathroom. Interior updates are noted throughout, and the property includes a legal accessory dwelling unit.
The property is in Salem, with access to local shopping, restaurants, and entertainment. Tuscan Village, major commuter routes, and the Massachusetts border are described as minutes away.
The property is in Salem, with access to local shopping, restaurants, and entertainment. Tuscan Village, major commuter routes, and the Massachusetts border are described as minutes away.
Key Highlights
- 1,864 square feet, built in 1954
- Two separate living areas, each with 2 bedrooms and 1 full bathroom
- Legal accessory dwelling unit and separate entrances
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
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
NOI $31,401 @ 7.0% cap · market cap 5.23%
Second Best
Apartment 5plus
$404.1K
$353.6K – $471.4K
NOI $28,286 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$620.6K
$543.0K – $724.0K
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
Who owns this building?
See the owner, sales and loan history
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate entrances serve two living areas, each with its own kitchen-free?
Where is this duplex located?
The property is located at 29 Shadow Lake Rd 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: 1,864 square feet, built in 1954; Two separate living areas, each with 2 bedrooms and 1 full bathroom; Legal accessory dwelling unit and separate entrances
