Two-Unit Duplex with
For Sale
$499,900
33 Hillview Terrace, Littleton, NH 03561
Separate mechanical and electrical systems support independent operation for both residences.
Property Size3,118 SF
Lot Size0.58 Acres
Price / SF$160.33
Days on Market160
Property Features for 33 Hillview Terrace
General Information
Standard status
Active
Size
3,118 SF
Lot size
0.58 Acres
Property subtype
Multi Family
Zoning
R-1
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,761
Amenities
Steam
Yes
Carpet, Tile, Vinyl, Wood
2.5
3
2
Interior
Bulkhead, Concrete Floor, Exterior Access, Full, Interior Access, Interior Stairs, Sump Pump, Unfinished
13
Metal, Shingle
White
Wood Frame, Vinyl Siding
Building Details
Year Built
1880
Buildings
1
Listing Agency:
Coldwell Banker LIFESTYLES- Littleton
(603) 444-6737
Listed By:
Arlie Vandenbroek
(603) 444-6737
Source:
Compass
Added: Mar 24
Changed: Aug 29
Last Checked: Aug 29 at 11:40PM
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 Coldwell Banker LIFESTYLES- Littleton
Investment Insights
Based on property information with market context.
This 3,118-square-foot duplex includes two distinct residences with living, dining, and kitchen areas on the first floors. Unit 1 provides four bedrooms, while Unit 2 offers two bedrooms plus a third-floor ensuite. Each residence has its own furnace and electric panel. The building has been updated over time and retains its 1880 construction character.
The property occupies .58 acres at 33 Hillview Terrace in Littleton, with a paved driveway and ample parking. A detached two-car garage includes an attached workshop for storage, projects, or hobby use. R-1 zoning and the flexible two-unit configuration support owner occupancy, multigenerational living, or separate residential use. The property is currently owner occupied and has not been used as a rental.
The property occupies .58 acres at 33 Hillview Terrace in Littleton, with a paved driveway and ample parking. A detached two-car garage includes an attached workshop for storage, projects, or hobby use. R-1 zoning and the flexible two-unit configuration support owner occupancy, multigenerational living, or separate residential use. The property is currently owner occupied and has not been used as a rental.
Key Highlights
- Two‑unit duplex totaling 3,118 SF
- Each residence has its own furnace and electric panel
- Unit 1 has four bedrooms; Unit 2 includes a third‑floor ensuite
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
$30,938
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
6.19%
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%
$618,760
$618.8K
Cap Rate 7%
$441,971
$442.0K
Cap Rate 9%
$343,756
$343.8K
Market Conditions
NOI Build-Up for 3,118 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
$46.8K $15.00/SF
− Vacancy
−$2.6K −$0.83/SF
EGI
$44.2K $14.17/SF
− OpEx
−$13.3K −$4.25/SF
NOI
$30.9K $9.92/SF
Area
Grafton County, NH
Vacancy
5.50%
Lease Rate
$15.00 /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%
$618,760
Cap Rate 7%
$441,971
Cap Rate 9%
$343,756
Alternative Uses
Best Use
Multifamily LT 5
$442.0K
$386.7K – $515.6K
NOI $30,938 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$405.0K
$354.3K – $472.5K
NOI $28,347 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$685.9K
$600.1K – $800.2K
NOI $48,011 @ 7.0% cap · market cap 9.60%
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
615
Businesses Nearby
Explore this area
Business Placement
Demographics for 03561, NH
6,005
Population
3,124
Households
1.9
Avg Household Size
47
Median Age
25%
College-Educated
86%
High-School Grad
50.0 sq mi
ZIP Area
120
Density / Sq Mi
$54,545
Median Household Income
$44,391
Median Earnings
$886
Median Rent
$249,000
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 - Separate mechanical and electrical systems support independent operation for both residences.
Where is this duplex located?
The property is located at 33 Hillview Terrace Littleton, NH.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 3,118 SF; Each residence has its own furnace and electric panel; Unit 1 has four bedrooms; Unit 2 includes a third‑floor ensuite
