Two-Unit Ranch
For Sale
$589,900
Pending
304 Pembroke Street, Pembroke, NH 03275
Distinctive 2-unit ranch duplex with separate utilities, two bedrooms per unit, and walk-out lower levels.
Property Size3,794 SF
Days on Market555
Property Features for 304 Pembroke Street
General Information
Standard status
Pending
Size
3,794 SF
Total Parking Spaces
2
Property subtype
Multi Family
Zoning
Mixed- Commercial/Residen
Additional Details
Fenced Yard
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,622
Amenities
Curbside
Central AC
Forced Air
Yes
Hardwood, Vinyl
Water Heater – Gas
1
2
Walkout
Climate Controlled, Finished, Full, Sump Pump, Walkout
8
Shingle - Asphalt
Gray
Deck
Vinyl Siding
Building Details
Year Built
1958
Stories
2
Tenancy
Multi
Listing Agency:
April Dunn & Associates LLC
Listed By:
April Dunn
(603) 565-5921
Source:
Compass
Added: Apr 18, 2025
Changed: Oct 21
Last Checked: Oct 23 at 9:59AM
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 April Dunn & Associates LLC
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Investment Insights
Based on property information with market context.
This distinctive two-family ranch-style duplex offers two units, each designed on a single level. Both residences include two bedrooms with hardwood floors and built-ins. Each unit also features a walk-out lower level that is currently used as an educational setting, with the space laid out for flexible adaptation.
The units operate on separate utilities for privacy and convenience, with city services, natural gas heating, and central air conditioning. Outside, there is a fenced backyard with mature plantings and a flat, usable yard. A detached two-car garage provides additional storage and parking.
The property is served by a configuration intended to support both everyday comfort and adaptable lower-level space within each unit.
The units operate on separate utilities for privacy and convenience, with city services, natural gas heating, and central air conditioning. Outside, there is a fenced backyard with mature plantings and a flat, usable yard. A detached two-car garage provides additional storage and parking.
The property is served by a configuration intended to support both everyday comfort and adaptable lower-level space within each unit.
Key Highlights
- Distinctive 2‑family ranch duplex built in 1958 with two bedrooms per unit
- Each unit is on a single level with hardwood flooring and custom built‑ins
- Walk‑out lower level is climate controlled, finished, includes a sump pump, and is accessible from the basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,219
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,004,380
$1.0M
Cap Rate 7%
$717,414
$717.4K
Cap Rate 9%
$557,989
$558.0K
Market Conditions
NOI Build-Up for 3,794 SF
Gross rent
$95.6K $25.20/SF
− Vacancy
−$4.3K −$1.13/SF
EGI
$91.3K $24.07/SF
− OpEx
−$41.1K −$10.83/SF
NOI
$50.2K $13.24/SF
Area
Merrimack County, NH
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,004,380
Cap Rate 7%
$717,414
Cap Rate 9%
$557,989
Alternative Uses
Best Use
Multifamily LT 5
$778.5K
$681.2K – $908.3K
NOI $54,497 @ 7.0% cap · market cap 9.24%
Second Best
Apartment 5plus
$717.4K
$627.7K – $837.0K
NOI $50,219 @ 7.0% cap · market cap 8.51%
Theoretical Best
Office A
$987.9K
$864.4K – $1.15M
NOI $69,152 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
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Demographics for 03275, NH
11,946
Population
4,739
Households
2.5
Avg Household Size
42
Median Age
25%
College-Educated
91%
High-School Grad
43.0 sq mi
ZIP Area
278
Density / Sq Mi
$84,776
Median Household Income
$43,850
Median Earnings
$1,258
Median Rent
$309,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Distinctive 2-unit ranch duplex with separate utilities, two bedrooms per unit, and walk-out lower levels.
Where is this duplex located?
The property is located at 304 Pembroke Street Pembroke, NH.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: Distinctive 2‑family ranch duplex built in 1958 with two bedrooms per unit; Each unit is on a single level with hardwood flooring and custom built‑ins; Walk‑out lower level is climate controlled, finished, includes a sump pump, and is accessible from the basement
