Townhouse-Style
New
For Sale
$585,000
330 Academy Road, Pembroke, NH 03275
Multi-Family, Pembroke, NH
Property Size1,944 SF
Lot Size2.03 Acres
Price / SF$300.93
Days on Market3
Property Features for 330 Academy Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-1B
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bathroom 1, Bathroom 4, Bedroom 3, Bedroom 4, Bedroom 2, Basement, Bathroom 3
Patio and Porch features
Deck
Exterior features
Deck, Garden Space, Natural Shade
Lot features
Landscaped, Trail/ Near Trail, Walking Trails, Near Country Club, Near Golf Course, Near Shopping, Near School(s)
Elementary school
Pembroke Hill School
Middle school
Three Rivers School
High school
Pembroke Academy
Elementary school district
Pembroke
Middle school district
Pembroke
High school district
Pembroke
Standard status
Active
Size
1,944 SF
Lot size
2.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9004
Utilities
Heating system
Natural Gas
Water source
Public
Amenities
rear decks
green space
full basement
natural gas heat and hot water
town water
town curbside trash pickup
Building Details
Year built
1986
Floors in Building
2
Number of units
2
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Manter Realty, LLC
(603) 268-8000
Listed By:
Linda Manter
(603) 225-3515
Added: Aug 20
Changed: Aug 22
Last Checked: Aug 22 at 4:06PM
MLS# 5105895
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.
Built in 1986, this townhouse-style duplex contains 1,944 square feet with two bedrooms and one full and one half bath on each side. Both residences include an eat-in kitchen with deck access, a south-facing living room, and a full basement providing storage or future finishing potential. Rear decks overlook wooded surroundings, while garden space and natural shade extend the outdoor setting.
The property occupies 2.03 acres at 330 Academy Road in Pembroke, with vinyl siding, a shingle roof, natural gas heat and hot water, and public water service. Town curbside trash pickup is also provided. R-1B zoning and convenient access toward Concord and Manchester add practical context for an owner-occupant or residential income property.
The property occupies 2.03 acres at 330 Academy Road in Pembroke, with vinyl siding, a shingle roof, natural gas heat and hot water, and public water service. Town curbside trash pickup is also provided. R-1B zoning and convenient access toward Concord and Manchester add practical context for an owner-occupant or residential income property.
Key Highlights
- Townhouse‑style duplex with 1,944 square feet
- Two bedrooms, one full bath, and one half bath per unit
- Set on 2.03 acres with wooded rear views
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
$27,924
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
4.77%
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%
$558,480
$558.5K
Cap Rate 7%
$398,914
$398.9K
Cap Rate 9%
$310,267
$310.3K
Market Conditions
NOI Build-Up for 1,944 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
$42.0K $21.60/SF
− Vacancy
−$2.1K −$1.08/SF
EGI
$39.9K $20.52/SF
− OpEx
−$12.0K −$6.16/SF
NOI
$27.9K $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%
$558,480
Cap Rate 7%
$398,914
Cap Rate 9%
$310,267
Alternative Uses
Best Use
Multifamily LT 5
$398.9K
$349.1K – $465.4K
NOI $27,924 @ 7.0% cap · market cap 4.77%
Second Best
Apartment 5plus
$367.6K
$321.6K – $428.9K
NOI $25,731 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$506.2K
$442.9K – $590.5K
NOI $35,432 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
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
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 - Two connected residences offer private decks, basement storage, and outdoor space within a wooded setting.
Where is this duplex located?
The property is located at 330 Academy Road Pembroke, NH.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Townhouse‑style duplex with 1,944 square feet; Two bedrooms, one full bath, and one half bath per unit; Set on 2.03 acres with wooded rear views
