3 Princeton Street Concord, NH 03301
Built in 1906, this two-family home offers separate utilities, an updated roof, and a detached two-car garage.
- Added:
- Jul 11, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 12 at 2:06 am
Property Features for 3 Princeton Street
General Information
- Standard status
- Active
- Size
- 2,314 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1906
Listing office Hometown Property Group (603) 491-7753
Listing date Jul 11, 2026
Source Laerrealty
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 Hometown Property Group
Investment Insights
Based on property information with market context.
Outside, there is a detached two-car garage, a newly paved driveway, and updated composite decking. The property also includes fresh paint, and the roof is noted as being four years old. Each unit is separately metered with its own boiler, electrical panel, and utilities, providing flexibility for owner-occupancy or multi-generational living.
Showings are available beginning with the open house on Friday from 4:00 PM to 6:00 PM, with additional open houses scheduled Saturday from 11:00 AM to 1:00 PM and Sunday from 12:00 PM to 2:00 PM. Some photos have been digitally enhanced.
Key Highlights
- Two‑family home built in 1906 with original architectural details and built‑ins
- First‑floor unit features a finished sunroom, hardwood floors, first‑floor laundry, 2 bedrooms, dining room, and galley kitchen
- Vacant second unit includes exterior deck, mudroom with laundry, kitchen, living room, bedroom, and a versatile third‑floor bonus space
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 | $50.0k | $21.60 |
| − Vacancy | −$2.5k | −$1.08 |
| EGI | $47.5k | $20.52 |
| − OpEx | −$14.2k | −$6.16 |
| NOI | $33.2k | $14.36 |
