2-Unit Duplex with Attached
33 School Street, Hillsborough, NH 03244
For Sale
$359,900
Two distinct two-story residences include separate kitchen and living areas, plus an attached barn and generous outdoor space.
Property Size2,264 SF
Lot Size1.90 Acres
Price / SF$158.97
Days on Market74
Property Features for 33 School Street
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
attached barn
backyard
Building Details
Year Built
Listing Agency:
Spotlight Realty
(603) 464-2899
Listed By:
Danielle Quinn · License #Danielle Quinn
(603) 345-0151
Source:
Anotchaboverealestate
Added: Aug 25
Changed: Nov 6
Last Checked: Nov 6 at 2:01PM
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 Spotlight Realty
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Investment Insights
Based on property information with market context.
This two-unit duplex contains 2,264 square feet across two two-story residences. The first residence has an eat-in kitchen and living room on the ground floor, with two bedrooms and a three-quarter bathroom above. The second offers a kitchen, dining area, living room, and half bathroom downstairs, plus two bedrooms and a full bathroom upstairs. An attached barn is also part of the property.
The property occupies 1.9 acres on School Street in downtown Hillsborough, New Hampshire. Its two separate residential layouts and substantial outdoor area are complemented by the attached barn.
The property occupies 1.9 acres on School Street in downtown Hillsborough, New Hampshire. Its two separate residential layouts and substantial outdoor area are complemented by the attached barn.
Key Highlights
- Two‑unit duplex totaling 2,264 square feet
- 1.9‑acre property in downtown Hillsborough, New Hampshire
- Both residences have two stories and two bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,804
Cap Rate
8.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,080
$616.1K
Cap Rate 7%
$440,057
$440.1K
Cap Rate 9%
$342,267
$342.3K
Market Conditions
NOI Build-Up for 2,264 SF
Gross rent
$59.0K $26.04/SF
− Vacancy
−$2.9K −$1.30/SF
EGI
$56.0K $24.74/SF
− OpEx
−$25.2K −$11.13/SF
NOI
$30.8K $13.61/SF
Area
Hillsborough County, NH
Vacancy
5.00%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$616,080
Cap Rate 7%
$440,057
Cap Rate 9%
$342,267
Alternative Uses
Best Use
Multifamily LT 5
$475.0K
$415.6K – $554.1K
NOI $33,248 @ 7.0% cap · market cap 9.24%
Second Best
Apartment 5plus
$440.1K
$385.1K – $513.4K
NOI $30,804 @ 7.0% cap · market cap 8.56%
Theoretical Best
Specialty Retail
$4.15M
$3.63M – $4.84M
NOI $290,358 @ 7.0% cap · market cap 80.68%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
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Business Placement
Demographics for 03244, NH
8,001
Population
3,667
Households
2.2
Avg Household Size
44
Median Age
25%
College-Educated
95%
High-School Grad
82.5 sq mi
ZIP Area
97
Density / Sq Mi
$93,886
Median Household Income
$51,022
Median Earnings
$1,112
Median Rent
$252,900
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Hillsborough County, NH
Properties on Market for Duplexes in Hillsborough County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct two-story residences include separate kitchen and living areas, plus an attached barn and generous outdoor space.
Where is this duplex located?
The property is located at 33 School Street Hillsborough, NH.
What is the asking price?
The asking price for this property is $359,900.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,264 square feet; 1.9‑acre property in downtown Hillsborough, New Hampshire; Both residences have two stories and two bedrooms
