Duplex With Walkout
For Sale
$390,000
3 Keeble Street, Plymouth, NH 03264
Two residential units with flexible occupancy options, separate heating zones, on-site parking, and a full unfinished basement.
Property Size2,169 SF
Price / SF$179.81
Days on Market237
Property Features for 3 Keeble Street
General Information
Standard status
Active
Size
2,169 SF
Total Parking Spaces
4
Property subtype
Multi Family
Zoning
R
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,310
Amenities
Oil
Yes
Laminate, Vinyl, Wood
Water Heater off Boiler
1.75
2
1
Walkout
Concrete Floor, Full, Storage Space, Unfinished, Walkout
11
Metal, Shingle
Wood Frame
Building Details
Year Built
1890
Listing Agency:
RE/MAX Synergy
(603) 488-6248
Listed By:
Graciela Beaudry
(603) 488-6248
Source:
Compass
Added: Jan 5
Changed: Aug 29
Last Checked: Aug 29 at 2:12PM
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 RE/MAX Synergy
Investment Insights
Based on property information with market context.
This R-zoned duplex at 3 Keeble Street includes two residential units, each offering approximately two to three bedrooms. The property has an Energy Star double-zone heating system, wood, laminate, and vinyl flooring, plus a full unfinished basement with concrete flooring, storage space, and walkout access. Four on-site parking spaces serve the building. Built in 1890, the wood-frame structure has metal and shingle exterior materials.
The property is within walking distance of Plymouth University, a hospital, cafes, parks, shopping, a cultural center, and state bike and skate parks. Bus service provides connections to Boston and the surrounding market area. Tenney Mountain, hiking trails, and Langdon Park are also identified among the nearby recreational destinations.
The property is within walking distance of Plymouth University, a hospital, cafes, parks, shopping, a cultural center, and state bike and skate parks. Bus service provides connections to Boston and the surrounding market area. Tenney Mountain, hiking trails, and Langdon Park are also identified among the nearby recreational destinations.
Key Highlights
- Two‑unit duplex with approximately 2‑3 bedrooms in each unit
- R zoning and 2,169 square feet of property size
- Energy Star double‑zone heating system
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
$21,522
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
5.52%
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%
$430,440
$430.4K
Cap Rate 7%
$307,457
$307.5K
Cap Rate 9%
$239,133
$239.1K
Market Conditions
NOI Build-Up for 2,169 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
$32.5K $15.00/SF
− Vacancy
−$1.8K −$0.83/SF
EGI
$30.7K $14.17/SF
− OpEx
−$9.2K −$4.25/SF
NOI
$21.5K $9.92/SF
Area
Grafton County, NH
Vacancy
5.50%
Lease Rate
$15.00 /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%
$430,440
Cap Rate 7%
$307,457
Cap Rate 9%
$239,133
Alternative Uses
Best Use
Multifamily LT 5
$307.5K
$269.0K – $358.7K
NOI $21,522 @ 7.0% cap · market cap 5.52%
Second Best
Apartment 5plus
$281.7K
$246.5K – $328.7K
NOI $19,719 @ 7.0% cap · market cap 5.06%
Theoretical Best
Office A
$477.1K
$417.5K – $556.6K
NOI $33,398 @ 7.0% cap · market cap 8.56%
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
580
Businesses Nearby
Explore this area
Business Placement
Demographics for 03264, NH
7,054
Population
2,720
Households
2.6
Avg Household Size
28
Median Age
50%
College-Educated
97%
High-School Grad
36.5 sq mi
ZIP Area
193
Density / Sq Mi
$75,600
Median Household Income
$28,856
Median Earnings
$1,178
Median Rent
$273,300
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 - Two residential units with flexible occupancy options, separate heating zones, on-site parking, and a full unfinished basement.
Where is this duplex located?
The property is located at 3 Keeble Street Plymouth, NH.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Two‑unit duplex with approximately 2‑3 bedrooms in each unit; R zoning and 2,169 square feet of property size; Energy Star double‑zone heating system
