Updated Duplex with Outdoor
For Sale
$675,000
36 Styles Road, New Boston, NH 03070
Multi-Family, New Boston, NH
Property Size2,666 SF
Lot Size4.12 Acres
Price / SF$253.19
Days on Market39
Property Features for 36 Styles Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RA
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 6, Bedroom 5, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 3, Bedroom 2
Parking features
Open, Garage
Exterior features
Natural Shade, Shed, Window Screens, Double Pane Window(s)
Appliances
Water Heater off Boiler
Lot features
Country Setting, Landscaped, Level, Ski Area, Sloping, Wooded, Near Golf Course, Near Shopping, Near Skiing, Neighborhood, Near School(s), Private
Elementary school
New Boston Central School
Middle school
Mountain View Middle School
High school
Goffstown High School
Elementary school district
New Boston
Middle school district
New Boston
High school district
New Boston
Directions
GPS works well
Standard status
Active
Size
2,666 SF
Lot size
4.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9255
Utilities
Sewer type
Shared Septic
Heating system
Heat Pump (Heating), Wall Furnace, Hot Water(Heating), Ductless (Heating)
Cooling system
Zoned, Ductless
Water source
Well
Amenities
patios
shared shed
water filtration system
Building Details
Year built
1989
Floors in Building
2
Number of units
2
Flooring type
Combination, Tile, Vinyl
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
Coldwell Banker Realty Bedford NH · Coldwell Banker Real Estate
(603) 471-0777
Listed By:
Linda DiSilvestro
(603) 848-9559
Added: Aug 6
Changed: Sep 12
Last Checked: Sep 13 at 5:06PM
MLS# 5108521
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.
This duplex contains two three-bedroom units, each with one full and one half bathroom. Interior improvements include remodeled kitchens and bathrooms, updated flooring and windows, and revised heating and cooling systems. Unit B incorporates former garage area into additional living space, while the other unit retains a garage. Granite counters, stainless steel appliances, substantial cabinetry, and 200-amp electrical service add practical utility. Carrier heat pumps, first-floor mini-splits, and ducted second-floor conditioning provide year-round climate control.
The property occupies 4.12 acres at 36 Styles Road in New Boston, with a large level lot, patios, natural shade, and a shared shed that provides dedicated storage for each unit. Water is supplied by a well, and the property uses a shared septic system. RA zoning, a shingle roof, wood-frame construction, open parking, and a 1989 construction date complete the core property profile.
The property occupies 4.12 acres at 36 Styles Road in New Boston, with a large level lot, patios, natural shade, and a shared shed that provides dedicated storage for each unit. Water is supplied by a well, and the property uses a shared septic system. RA zoning, a shingle roof, wood-frame construction, open parking, and a 1989 construction date complete the core property profile.
Key Highlights
- Two units, each with 3 bedrooms and 1 1/2 baths
- 4.12‑acre property with a large level lot and patios
- Unit B includes additional living area from a former garage conversion
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
$39,151
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
5.80%
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%
$783,020
$783.0K
Cap Rate 7%
$559,300
$559.3K
Cap Rate 9%
$435,011
$435.0K
Market Conditions
NOI Build-Up for 2,666 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
$59.2K $22.20/SF
− Vacancy
−$3.3K −$1.22/SF
EGI
$55.9K $20.98/SF
− OpEx
−$16.8K −$6.29/SF
NOI
$39.2K $14.69/SF
Area
Hillsborough County, NH
Vacancy
5.50%
Lease Rate
$22.20 /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%
$783,020
Cap Rate 7%
$559,300
Cap Rate 9%
$435,011
Alternative Uses
Best Use
Multifamily LT 5
$559.3K
$489.4K – $652.5K
NOI $39,151 @ 7.0% cap · market cap 5.80%
Second Best
Apartment 5plus
$518.2K
$453.4K – $604.6K
NOI $36,273 @ 7.0% cap · market cap 5.37%
Theoretical Best
Specialty Retail
$4.88M
$4.27M – $5.70M
NOI $341,915 @ 7.0% cap · market cap 50.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Explore this area
Business Placement
Demographics for 03070, NH
6,134
Population
2,189
Households
2.8
Avg Household Size
42
Median Age
43%
College-Educated
94%
High-School Grad
43.1 sq mi
ZIP Area
142
Density / Sq Mi
$151,296
Median Household Income
$75,339
Median Earnings
$1,140
Median Rent
$436,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom units combine renovated interiors with patios, separate storage, and flexible owner-occupancy or rental use.
Where is this duplex located?
The property is located at 36 Styles Road New Boston, NH.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 1 1/2 baths; 4.12‑acre property with a large level lot and patios; Unit B includes additional living area from a former garage conversion
