Two-Unit Duplex with Coin
New
For Sale
$379,000
35 Bowman St, Laconia, NH 03246
Duplex with distinct rental units, coin-operated laundry, public utilities, and substantial off-street parking.
Property Size2,093 SF
Price / SF$181.08
Days on Market3
Property Features for 35 Bowman St
General Information
Standard status
Active
Size
2,093 SF
Property subtype
Multi-Family
Building Details
Year Built
1860
Listing Agency:
Donna Gerry Of Heigis Real Estate Llc
(603) 472-1010
Listed By:
Chadd Dempsey Real Estate Experts
(603) 472-1010
Source:
Dempseyteam
Added: Aug 28
Changed: Aug 29
Last Checked: Aug 29 at 11:04PM
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 Donna Gerry Of Heigis Real Estate Llc
Investment Insights
Based on property information with market context.
This 2,093-square-foot duplex, built in 1860, contains two residential units: a three-bedroom, one-bath unit and a two-bedroom, one-bath unit. The second-floor residence is tenant-occupied, while the first-floor unit is vacant. Property features include vinyl siding, coin-operated laundry, public water, public sewer, and a large off-street parking area.
Located at 35 Bowman St in Laconia, New Hampshire, the property offers an established two-unit configuration for residential income use. The existing occupancy and vacant unit provide a clear snapshot of the current setup, while the separate layouts support continued use as a duplex.
Located at 35 Bowman St in Laconia, New Hampshire, the property offers an established two-unit configuration for residential income use. The existing occupancy and vacant unit provide a clear snapshot of the current setup, while the separate layouts support continued use as a duplex.
Key Highlights
- Two‑unit duplex with a 3‑bedroom, 1‑bath unit and a 2‑bedroom, 1‑bath unit
- 2,093 square feet on a property built in 1860
- Second‑floor unit is tenant‑occupied; first‑floor unit is vacant
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
$30,539
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
8.06%
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%
$610,780
$610.8K
Cap Rate 7%
$436,271
$436.3K
Cap Rate 9%
$339,322
$339.3K
Market Conditions
NOI Build-Up for 2,093 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
$45.2K $21.60/SF
− Vacancy
−$1.6K −$0.76/SF
EGI
$43.6K $20.84/SF
− OpEx
−$13.1K −$6.25/SF
NOI
$30.5K $14.59/SF
Area
Belknap County, NH
Vacancy
3.50%
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%
$610,780
Cap Rate 7%
$436,271
Cap Rate 9%
$339,322
Alternative Uses
Best Use
Multifamily LT 5
$436.3K
$381.7K – $509.0K
NOI $30,539 @ 7.0% cap · market cap 8.06%
Second Best
Apartment 5plus
$401.2K
$351.0K – $468.0K
NOI $28,081 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$497.7K
$435.5K – $580.7K
NOI $34,841 @ 7.0% cap · market cap 9.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,036
Businesses Nearby
Explore this area
Business Placement
Demographics for 03246, NH
16,905
Population
10,426
Households
1.6
Avg Household Size
47
Median Age
25%
College-Educated
93%
High-School Grad
19.9 sq mi
ZIP Area
849
Density / Sq Mi
$68,407
Median Household Income
$40,504
Median Earnings
$1,180
Median Rent
$307,800
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 - Duplex with distinct rental units, coin-operated laundry, public utilities, and substantial off-street parking.
Where is this duplex located?
The property is located at 35 Bowman St Laconia, NH.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Two‑unit duplex with a 3‑bedroom, 1‑bath unit and a 2‑bedroom, 1‑bath unit; 2,093 square feet on a property built in 1860; Second‑floor unit is tenant‑occupied; first‑floor unit is vacant
