Two-Unit Duplex with
For Sale
$870,000
31 Juniper Road, Derry, NH 03038
Both residences are offered together, with separate living spaces and shared outdoor grounds.
Property Size2,076 SF
Price / SF$419.08
Days on Market12
Property Features for 31 Juniper Road
General Information
Standard status
Active
Size
2,076 SF
Property subtype
Multi-family
Lease Term
[]
Additional Details
Multifamily Units
2
Amenities
deck
screened area
expansive yard
Building Details
Year Built
1984
Listing Agency:
Century 21 NE Group
Listed By:
Ann Trueworthy
(617) 510-4783
Source:
Lakesregionrealestate
Added: Sep 16
Changed: Sep 26
Last Checked: Sep 26 at 7:48AM
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 Century 21 NE Group
Investment Insights
Based on property information with market context.
This 1984 duplex includes two side-by-side residences offered as one property, with a combined 2,076 square feet. Interior features include spacious bedrooms and newer windows; the kitchen updates include a new refrigerator and dishwasher. Outdoor areas include a deck, a screened space, and an expansive yard with mature landscaping and a broad front lawn. Farm fields are located behind the property.
At 31 Juniper Road in Derry, the property sits within the Juniper Hills neighborhood. It has been pre-inspected and appraised.
At 31 Juniper Road in Derry, the property sits within the Juniper Hills neighborhood. It has been pre-inspected and appraised.
Key Highlights
- Two side‑by‑side units offered together
- 2,076 square feet across the duplex
- Built in 1984
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
$34,973
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
4.02%
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%
$699,460
$699.5K
Cap Rate 7%
$499,614
$499.6K
Cap Rate 9%
$388,589
$388.6K
Market Conditions
NOI Build-Up for 2,076 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
$52.3K $25.20/SF
− Vacancy
−$2.4K −$1.13/SF
EGI
$50.0K $24.07/SF
− OpEx
−$15.0K −$7.22/SF
NOI
$35.0K $16.85/SF
Area
Rockingham County, NH
Vacancy
4.50%
Lease Rate
$25.20 /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%
$699,460
Cap Rate 7%
$499,614
Cap Rate 9%
$388,589
Alternative Uses
Best Use
Multifamily LT 5
$499.6K
$437.2K – $582.9K
NOI $34,973 @ 7.0% cap · market cap 4.02%
Second Best
Apartment 5plus
$450.0K
$393.8K – $525.1K
NOI $31,503 @ 7.0% cap · market cap 3.62%
Theoretical Best
Office A
$691.2K
$604.8K – $806.4K
NOI $48,381 @ 7.0% cap · market cap 5.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Explore this area
Business Placement
Demographics for 03038, NH
34,482
Population
14,207
Households
2.4
Avg Household Size
40
Median Age
35%
College-Educated
93%
High-School Grad
35.8 sq mi
ZIP Area
963
Density / Sq Mi
$104,306
Median Household Income
$53,516
Median Earnings
$1,473
Median Rent
$381,700
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 - Both residences are offered together, with separate living spaces and shared outdoor grounds.
Where is this duplex located?
The property is located at 31 Juniper Road Derry, NH.
What is the asking price?
The asking price for this property is $870,000.
What are key features of this property?
This property features: Two side‑by‑side units offered together; 2,076 square feet across the duplex; Built in 1984
