Duplex with Screened
For Sale
$389,000
30-32 Main Street, Bennington, NH 03442
MULTI_FAMILY - Other - Bennington, NH
Property Size2,273 SF
Lot Size0.25 Acres
Price / SF$171.14
Days on Market49
Property Features for 30-32 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Village District
Rooms
Basement
Patio and Porch features
Porch
Exterior features
Screened Porch
Appliances
Electric Water Heater
Lot features
River Frontage, Sidewalks, Sloping, In Town, Near Golf Course, Near Skiing
Elementary school
Pierce School
Middle school
Great Brook School
High school
Contoocook Valley Regional Hig
Elementary school district
Contoocook Valley SD SAU #1
Middle school district
Contoocook Valley SD SAU #1
High school district
Contoocook Valley SD SAU #1
Directions
Located in the center of Bennington, GPS is accurate.
Standard status
Active
Size
2,273 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5502
Utilities
Utilities
Cable Available
Water source
Public
Water front
1
Amenities
screened-in porch
Building Details
Year built
1825
Floors in Building
3
Number of units
2
Flooring type
Hardwood, Vinyl, Carpet, Softwood
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty-Metropolitan
(603) 232-8282
Listed By:
Matthew Despres
(603) 232-8282
Added: Jun 22
Changed: Aug 2
Last Checked: Aug 9 at 10:06AM
MLS# 5096068
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.
Investment Insights
Based on property information with market context.
This updated two-family duplex offers two spacious 3-bedroom units, with one unit providing the potential for up to 5 bedrooms for flexible household needs. Both units are currently vacant, making the property suitable for an owner-occupant to live in one unit and rent the other, or for friends and family to purchase together. The exterior features include a screened-in porch.
Set on a 0.25-acre lot with 2,273 square feet of building area, the property was built in 1825. Construction includes wood frame with vinyl siding and a shingle roof. The home includes an electric water heater, public water service, and cable availability.
The property is located in a historic downtown village district and offers views and the sound of the Contoocook River flowing nearby. Commuting access is noted to Peterborough with approximately 40 minutes to Concord and less than an hour to Manchester.
Set on a 0.25-acre lot with 2,273 square feet of building area, the property was built in 1825. Construction includes wood frame with vinyl siding and a shingle roof. The home includes an electric water heater, public water service, and cable availability.
The property is located in a historic downtown village district and offers views and the sound of the Contoocook River flowing nearby. Commuting access is noted to Peterborough with approximately 40 minutes to Concord and less than an hour to Manchester.
Key Highlights
- Two‑family duplex with two 3‑bedroom units; one unit has potential for up to 5 bedrooms
- Both units currently vacant
- 0.25‑acre lot and 2,273 square feet of building area
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
$33,380
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
8.58%
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%
$667,600
$667.6K
Cap Rate 7%
$476,857
$476.9K
Cap Rate 9%
$370,889
$370.9K
Market Conditions
NOI Build-Up for 2,273 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
$50.5K $22.20/SF
− Vacancy
−$2.8K −$1.22/SF
EGI
$47.7K $20.98/SF
− OpEx
−$14.3K −$6.29/SF
NOI
$33.4K $14.69/SF
Area
Hillsborough County, NH
Vacancy
5.50%
Lease Rate
$22.20 /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%
$667,600
Cap Rate 7%
$476,857
Cap Rate 9%
$370,889
Alternative Uses
Best Use
Multifamily LT 5
$476.9K
$417.3K – $556.3K
NOI $33,380 @ 7.0% cap · market cap 8.58%
Second Best
Apartment 5plus
$441.8K
$386.6K – $515.4K
NOI $30,926 @ 7.0% cap · market cap 7.95%
Theoretical Best
Specialty Retail
$4.16M
$3.64M – $4.86M
NOI $291,512 @ 7.0% cap · market cap 74.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Explore this area
Business Placement
Demographics for 03442, NH
1,501
Population
735
Households
2
Avg Household Size
42
Median Age
32%
College-Educated
91%
High-School Grad
11.4 sq mi
ZIP Area
132
Density / Sq Mi
$78,071
Median Household Income
$47,969
Median Earnings
$1,132
Median Rent
$249,700
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 duplex with two 3-bedroom units, both currently vacant, in Village District zoning.
Where is this duplex located?
The property is located at 30-32 Main Street Bennington, NH.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: Two‑family duplex with two 3‑bedroom units; one unit has potential for up to 5 bedrooms; Both units currently vacant; 0.25‑acre lot and 2,273 square feet of building area
