Updated Duplex with Screened
New
For Sale
$389,000
30-32 Main Street, Bennington, NH 03442
Two vacant units offer flexible occupancy within a Village District setting.
Property Size2,273 SF
Days on Market3
Property Features for 30-32 Main Street
General Information
Standard status
Active
Size
2,273 SF
Property subtype
Multi Family Home
Zoning
Village District
Units
Unit Mix
2 x 3BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,502
Amenities
screened-in porch
Building Details
Building Size
2,273 SF
Year Built
1825
Buildings
1
Stories
3
Units
2
Listing Agency:
Keller Williams Realty-Metropolitan
(603) 532-8742
Listed By:
Matthew Despres
(603) 532-8742
Source:
Ossipeelakere
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 15 at 1:47PM
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 Keller Williams Realty-Metropolitan
Investment Insights
Based on property information with market context.
Built in 1825, this recently updated duplex contains two spacious three-bedroom apartments. One unit can accommodate as many as five bedrooms, providing flexibility for larger households or multigenerational living. Both apartments are vacant, and the property includes a screened porch with views toward the nearby Contoocook River.
The building is situated in a historic downtown village district and carries Village District zoning. Peterborough is readily accessible, with Concord approximately 40 minutes away and Manchester less than an hour by car. Nearby recreation includes skiing at Crotched Mountain Resort and golf at Crotched Mountain Golf Club.
The building is situated in a historic downtown village district and carries Village District zoning. Peterborough is readily accessible, with Concord approximately 40 minutes away and Manchester less than an hour by car. Nearby recreation includes skiing at Crotched Mountain Resort and golf at Crotched Mountain Golf Club.
Key Highlights
- Two‑unit duplex with two spacious 3‑bedroom apartments
- One apartment offers potential for up to 5 bedrooms
- Both units are currently vacant
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
2
Residential units
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 - Two vacant units offer flexible occupancy within a Village District setting.
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‑unit duplex with two spacious 3‑bedroom apartments; One apartment offers potential for up to 5 bedrooms; Both units are currently vacant
