Duplex with Hampton Harbor Water
For Sale
$999,999
3 Harris Avenue, Hampton, NH 03842
Updated two-family home with refreshed interiors and two-bedroom units, well-suited for owner-occupants or rental use.
Property Size1,920 SF
Price / SF$520.83
Days on Market68
Property Features for 3 Harris Avenue
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Multi-Unit
Additional Details
Multifamily Units
2
Amenities
Lot Size Acres: 0.11
Percentage of Tax that is Deductable: 0
Sale, Sale Type: Foreclosure
6 Bedrooms
Built in 1964
Property Township: Hampton
Above Area Square Feet: 1920
2 Full Baths
Building Details
Year Built
1964
Listing Agency:
BHHS Verani Realty
(603) 643-8822
Listed By:
Marco Day
(603) 643-8822
Source:
Doyle-realty
Added: Jun 18
Changed: Aug 24
Last Checked: Aug 24 at 5:57AM
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 BHHS Verani Realty
Investment Insights
Based on property information with market context.
This duplex at 3 Harris Avenue features a versatile two-family layout, offering flexibility for owner-occupants, investors, or multi-generational living. Recent updates include major systems and roof work, along with refreshed kitchens and baths, new or updated flooring, and upgraded appliances throughout. The home presents as move-in-ready, with extensive improvements aimed at reducing day-to-day maintenance concerns.
The property is positioned in a quiet neighborhood setting with water views of Hampton Harbor. Public remarks note a short walk to Hampton Beach State Park, the boardwalk, Casino Ballroom, local marinas, restaurants, shops, and seasonal attractions, supporting an easy, coastal lifestyle.
Town records indicate two bedrooms per unit. Buyers are encouraged to perform their own due diligence regarding room counts and intended use. With its updated finishes and functional duplex configuration, the property may appeal to buyers seeking a ready-to-occupy residence, a straightforward rental structure, or a vacation-oriented setup that can also support guests or income opportunities.
The property is positioned in a quiet neighborhood setting with water views of Hampton Harbor. Public remarks note a short walk to Hampton Beach State Park, the boardwalk, Casino Ballroom, local marinas, restaurants, shops, and seasonal attractions, supporting an easy, coastal lifestyle.
Town records indicate two bedrooms per unit. Buyers are encouraged to perform their own due diligence regarding room counts and intended use. With its updated finishes and functional duplex configuration, the property may appeal to buyers seeking a ready-to-occupy residence, a straightforward rental structure, or a vacation-oriented setup that can also support guests or income opportunities.
Key Highlights
- Updated two‑family home (year built 1964) with refreshed kitchens, baths, flooring, and appliances
- Water views of Hampton Harbor in a quiet neighborhood setting
- Two‑bedroom per unit per town records, offering flexible living or rental arrangements
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,345
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$646,900
$646.9K
Cap Rate 7%
$462,071
$462.1K
Cap Rate 9%
$359,389
$359.4K
Market Conditions
NOI Build-Up for 1,920 SF
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.
Gross rent
$48.4K $25.20/SF
− Vacancy
−$2.2K −$1.13/SF
EGI
$46.2K $24.07/SF
− OpEx
−$13.9K −$7.22/SF
NOI
$32.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$646,900
Cap Rate 7%
$462,071
Cap Rate 9%
$359,389
Alternative Uses
Best Use
Multifamily LT 5
$462.1K
$404.3K – $539.1K
NOI $32,345 @ 7.0% cap · market cap 3.23%
Second Best
Apartment 5plus
$416.2K
$364.2K – $485.6K
NOI $29,135 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$639.2K
$559.3K – $745.8K
NOI $44,746 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
Explore this area
Business Placement
Demographics for 03842, NH
16,048
Population
9,978
Households
1.6
Avg Household Size
53
Median Age
43%
College-Educated
96%
High-School Grad
12.8 sq mi
ZIP Area
1,254
Density / Sq Mi
$94,433
Median Household Income
$53,533
Median Earnings
$1,679
Median Rent
$491,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Updated two-family home with refreshed interiors and two-bedroom units, well-suited for owner-occupants or rental use.
Where is this duplex located?
The property is located at 3 Harris Avenue Hampton, NH.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Updated two‑family home (year built 1964) with refreshed kitchens, baths, flooring, and appliances; Water views of Hampton Harbor in a quiet neighborhood setting; Two‑bedroom per unit per town records, offering flexible living or rental arrangements
