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    Two-Unit Residential Income Property Title is generated by Realmo AI

    358 Willard Street, Berlin, NH 03570

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    For Sale
    $249,000

    MULTI_FAMILY - Other - Berlin, NH

    Property size:
    3,814 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $65/SF
    Added:
    Apr 2, 2026
    Days on Market:
    65
    Last Refresh:
    Jun 5 at 10:06 am

    Property Features for 358 Willard Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RT
    Rooms
    Basement
    Parking features
    Off Street, Garage, Driveway
    Standard status
    Active
    Size
    3,814 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6108

    Utilities

    Heating system
    Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    1921
    Floors in Building
    2
    Number of units
    2
    Building materials
    Wood Frame
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Jerry Hamanne

    Listing agent Jerry Hamanne

    Listing office A House To Home Realty 180 Main Street, Berlin, NH

    Listing date Apr 2, 2026

    MLS# 5081902 Listing URL

    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.

    HighLights

    • Two‑unit property with separate electrical meters and breaker panels for simplified expense management
    • Year built 1921 wood‑frame building with shingle roof and public water service
    • First‑floor unit includes two bedrooms, hardwood floors, spacious living room, eat‑in kitchen with pantry, full bath, and closet space
    • Second‑floor unit offers two oversized bedrooms plus private storage shed and closed‑in porch for private upper‑unit access
    • Basement has dual access via bulkhead and interior stairway for flexible use
    • Extensive off‑street parking: detached 2‑car garage with concrete floors and electronic overhead door, plus fully paved yard for RVs/ATVs/snow machines

    Overview

    This two-unit residential income property is arranged as two separate apartments with individual electrical meters and breaker panels, supporting straightforward expense management. The first-floor main unit includes two large bedrooms with hardwood floors, a spacious living room, an eat-in kitchen with pantry, a full bathroom, and abundant closet space for owner-occupancy flexibility or rental use. The second-floor unit offers two oversized bedrooms and includes private storage shed space. A closed-in porch provides private access to the upper units while helping reduce exterior stair maintenance during winter months. The basement features dual access from both an exterior bulkhead and an interior stairway, adding practical convenience.

    The property sits on a residentially zoned lot (RT) in Berlin, NH, with low-maintenance vinyl siding on both the building and detached garages. An extensive detached garage and paved parking setup includes a two-car garage with concrete floors, an electronic overhead door, and a walk-in access doorway. The fully paved yard also provides parking and space suitable for recreational vehicles, ATVs, or snow machines.

    With two independently metered units and flexible access to the basement, the building can work for tenants or owner-operators seeking a manageable dual-residence setup. The added garage and paved parking amenities support tenant convenience and year-round usability in the day-to-day operations of a two-unit property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Berlin
    County
    Coos
    State
    New Hampshire
    Longitude
    -71.184181
    Latitude
    44.476969

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    FAQs

    What type of property is this?
    Duplex - Well-maintained two-unit home with separate metering and a paved yard plus detached two-car garage.
    Where is this duplex located?
    The property is located at 358 Willard Street Berlin, NH.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: Two‑unit property with separate electrical meters and breaker panels for simplified expense management; Year built 1921 wood‑frame building with shingle roof and public water service; First‑floor unit includes two bedrooms, hardwood floors, spacious living room, eat‑in kitchen with pantry, full bath, and closet space
    (603) 752-7202
    We can help!
    Listing Contact
    Jerry Hamanne
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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