Duplex with Accessory Dwelling
New
For Sale
$599,900
29 Shadow Lake Road, Salem, NH 03079
Multi-Family, Salem, NH
Property Size1,864 SF
Lot Size0.44 Acres
Price / SF$321.83
Days on Market1
Property Features for 29 Shadow Lake Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RUR
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 1, Basement, Bedroom 2, Bedroom 4, Bedroom 3
Lot features
In Town
Standard status
Active
Size
1,864 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7030
Utilities
Heating system
Forced Air
Water source
Well
Building Details
Year built
1954
Floors in Building
2
Number of units
2
Roof type
Shingle
Architectural style
Colonial
Listing Agency:
DiPietro Group Real Estate
Listed By:
Joseph Pantaleo
(603) 216-5086
Added: Oct 19
Last Checked: Oct 19 at 11:06AM
MLS# 5114791
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Configured as a duplex, this 1,864-square-foot Colonial includes a legal accessory dwelling unit beneath one roof. Each of the two living areas has two bedrooms and one full bathroom, with separate entrances and similar floor plans. Interior updates, forced-air heating, a shingle roof, and a private well are among the property’s features. The home was built in 1954 and sits on a 0.44-acre lot with RUR zoning.
The property is in Salem, with shopping, restaurants, and entertainment in the area. Tuscan Village, major commuter routes, and the Massachusetts border are within a short drive.
The property is in Salem, with shopping, restaurants, and entertainment in the area. Tuscan Village, major commuter routes, and the Massachusetts border are within a short drive.
Key Highlights
- Legal accessory dwelling unit creates two distinct living areas
- 1,864‑square‑foot Colonial on a 0.44‑acre lot
- Two separate entrances; each living area has 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
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.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two independent living areas offer separate entrances and matching two-bedroom, one-bathroom layouts.
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 creates two distinct living areas; 1,864‑square‑foot Colonial on a 0.44‑acre lot; Two separate entrances; each living area has 2 bedrooms and 1 full bathroom
