Duplex with Attached
For Sale
$550,000
32 Alice Avenue, Hooksett, NH 03106
Multi-Family, Hooksett, NH
Property Size2,073 SF
Lot Size0.80 Acres
Price / SF$265.32
Days on Market39
Property Features for 32 Alice Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MDR
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Basement, Bathroom 1, Bedroom 2
Lot features
Landscaped
Standard status
Active
Size
2,073 SF
Lot size
0.80 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6582
Utilities
Heating system
Oil
Water source
Public
Amenities
covered front porch
mudroom
large basement
private backyard
Building Details
Year built
1920
Floors in Building
2
Number of units
2
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX Synergy · RE/MAX International
(603) 472-3900
Listed By:
Hannah Zona
(603) 647-8000
Added: Aug 6
Changed: Sep 12
Last Checked: Sep 13 at 6:06PM
MLS# 5103797
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 duplex property combines a primary residence with an attached accessory dwelling unit, creating a versatile two-living-area configuration. The main home includes four bedrooms, multiple living areas, an open kitchen with center island, dining space, covered front porch, mudroom, and basement. The ADU has its own kitchen, full bathroom, living area, laundry, and separate entrance. Wood-frame construction, a shingle roof, oil heat, and public water serve the property.
The property occupies a wooded 0.8-acre lot at 32 Alice Avenue in Hooksett, with a backyard enclosed by mature trees. Shopping, restaurants, and major commuter routes are nearby. Built in 1920, the residence contains 2,073 square feet and is zoned MDR.
The property occupies a wooded 0.8-acre lot at 32 Alice Avenue in Hooksett, with a backyard enclosed by mature trees. Shopping, restaurants, and major commuter routes are nearby. Built in 1920, the residence contains 2,073 square feet and is zoned MDR.
Key Highlights
- Attached ADU includes a kitchen, full bath, living area, laundry, and separate entrance
- Primary residence offers 4 bedrooms, multiple living areas, and an open kitchen with center island
- 2,073 square feet on a 0.8‑acre wooded lot
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
$29,777
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
5.41%
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%
$595,540
$595.5K
Cap Rate 7%
$425,386
$425.4K
Cap Rate 9%
$330,856
$330.9K
Market Conditions
NOI Build-Up for 2,073 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
$44.8K $21.60/SF
− Vacancy
−$2.2K −$1.08/SF
EGI
$42.5K $20.52/SF
− OpEx
−$12.8K −$6.16/SF
NOI
$29.8K $14.36/SF
Area
Merrimack County, NH
Vacancy
5.00%
Lease Rate
$21.60 /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%
$595,540
Cap Rate 7%
$425,386
Cap Rate 9%
$330,856
Alternative Uses
Best Use
Multifamily LT 5
$425.4K
$372.2K – $496.3K
NOI $29,777 @ 7.0% cap · market cap 5.41%
Second Best
Apartment 5plus
$392.0K
$343.0K – $457.3K
NOI $27,439 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$539.8K
$472.3K – $629.7K
NOI $37,784 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Explore this area
Business Placement
Demographics for 03106, NH
14,799
Population
5,679
Households
2.6
Avg Household Size
42
Median Age
39%
College-Educated
94%
High-School Grad
36.0 sq mi
ZIP Area
411
Density / Sq Mi
$107,137
Median Household Income
$49,950
Median Earnings
$1,638
Median Rent
$371,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Wooded residential income property with a separate-entry accessory dwelling unit and flexible living arrangements.
Where is this duplex located?
The property is located at 32 Alice Avenue Hooksett, NH.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Attached ADU includes a kitchen, full bath, living area, laundry, and separate entrance; Primary residence offers 4 bedrooms, multiple living areas, and an open kitchen with center island; 2,073 square feet on a 0.8‑acre wooded lot
