Desirable Concord Two-Family
298-302 Village St, Concord, NH 03303
Exceptional two-family property in Penacook, Concord, with strong ROI potential.
Type:Investment
Property size:
2,600 SFLot size:
0.13 AcresPrice / SF:
$186/SF- Added:
- Mar 23, 2026
- Days on Market:
- 106
- Last Refresh:
- Mar 21 at 8:24 am
Property Features for 298-302 Village St
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Lot size
- 0.13 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1900
Listing office
Listing date Mar 23, 2026
Source Elliman
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 Christina Grover
HighLights
- Projected 10‑11% ROI makes it an attractive investment opportunity.
- Two spacious units (over 1,300 sq ft each) feature 2 bedrooms, stainless steel appliances, in‑unit laundry, and private porches.
- Located in the desirable Penacook section of Concord, close to Merchants Way and downtown Concord.
- Second‑floor unit includes a full walk‑up attic, offering value‑add potential for expansion.
- Dedicated off‑street parking and separate utilities for each unit.
- Offered under $500,000.
Overview
This two-family property is located in the Penacook section of Concord. Each unit offers over 1,300 square feet and features 2 bedrooms, spacious kitchens with stainless steel appliances, in-unit laundry, private porches, and dedicated off-street parking. The second-floor unit includes access to a full walk-up attic, presenting potential for future expansion and increased income. Additional highlights include separate utilities, two natural gas furnaces, and public water and sewer. The property is located minutes from Merchants Way at Exit 17 and 10 minutes from historic downtown Concord. It is suitable for investors and owner-occupants looking to expand their portfolio or offset their mortgage with rental income. The property delivers a projected ROI of 10–11%.
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 | $56.2k | $21.60 |
| − Vacancy | −$2.8k | −$1.08 |
| EGI | $53.4k | $20.52 |
| − OpEx | −$16.0k | −$6.16 |
| NOI | $37.3k | $14.36 |
2,600 SF · lease $21.60/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$533.5K
$466.8K – $622.4K
NOI $37,346 @ 7.0% cap · market cap 7.70%
Second Best
Apartment 5plus
$491.6K
$430.2K – $573.6K
NOI $34,414 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$677.0K
$592.4K – $789.8K
NOI $47,389 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Concord
- County
- Merrimack
- State
- New Hampshire
- Longitude
- -71.5993948
- Latitude
- 43.2800446
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Exceptional two-family property in Penacook, Concord, with strong ROI potential.
Where is this duplex located?
The property is located at 298-302 Village St Concord, NH.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Projected 10‑11% ROI makes it an attractive investment opportunity.; Two spacious units (over 1,300 sq ft each) feature 2 bedrooms, stainless steel appliances, in‑unit laundry, and private porches.; Located in the desirable Penacook section of Concord, close to Merchants Way and downtown Concord.
