Two-Unit Duplex with
For Sale
$625,000
365 Pembroke Street, Pembroke, NH 03275
Side-by-side layout with separate laundry rooms and spacious eat-in kitchens.
Property Size2,006 SF
Lot Size0.48 Acres
Price / SF$311.57
Days on Market177
Property Features for 365 Pembroke Street
General Information
Standard status
Active
Size
2,006 SF
Total Parking Spaces
2
Lot size
0.48 Acres
Property subtype
Multi Family
Zoning
R-1A
Occupancy
50%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$7,483
Amenities
Natural Gas, Direct Vent, Gas Heater, Hot Air
Yes
Carpet, Laminate, Tile
Electric Water Heater, Tank Water Heater
2
Interior
Concrete Floor, Daylight, Finished, Basement Stairs
4
Asphalt Shingle
White
Vinyl Siding
Building Details
Year Built
1979
Buildings
1
Listing Agency:
BHHS Verani Londonderry
(603) 553-2761
Listed By:
Team Scattergood
(603) 553-2761
Source:
Compass
Added: Mar 6
Changed: Aug 29
Last Checked: Aug 29 at 9:43PM
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 BHHS Verani Londonderry
Investment Insights
Based on property information with market context.
Built in 1979, this side-by-side duplex contains two residential units totaling 2,006 square feet. Each unit includes two upstairs bedrooms, a full bathroom, an eat-in kitchen with storage, a large living room heated by gas, and a separate laundry room. Tile and laminate flooring provide durable interior finishes, while the property is being sold as-is in average condition.
The duplex occupies a level 0.48 +/- acre lot at 365 Pembroke Street in Pembroke, NH, with public water and sewer service. A two-car garage, expansive yard, and side-yard areas complement the building. The property is zoned R-1A and is located near shopping and amenities.
The duplex occupies a level 0.48 +/- acre lot at 365 Pembroke Street in Pembroke, NH, with public water and sewer service. A two-car garage, expansive yard, and side-yard areas complement the building. The property is zoned R-1A and is located near shopping and amenities.
Key Highlights
- Two‑unit side‑by‑side duplex totaling 2,006 square feet
- Level 0.48 +/- acre lot with expansive yard areas
- Each unit offers 2 bedrooms and 1 full bath
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
$28,814
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
4.61%
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%
$576,280
$576.3K
Cap Rate 7%
$411,629
$411.6K
Cap Rate 9%
$320,156
$320.2K
Market Conditions
NOI Build-Up for 2,006 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
$43.3K $21.60/SF
− Vacancy
−$2.2K −$1.08/SF
EGI
$41.2K $20.52/SF
− OpEx
−$12.3K −$6.16/SF
NOI
$28.8K $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%
$576,280
Cap Rate 7%
$411,629
Cap Rate 9%
$320,156
Alternative Uses
Best Use
Multifamily LT 5
$411.6K
$360.2K – $480.2K
NOI $28,814 @ 7.0% cap · market cap 4.61%
Second Best
Apartment 5plus
$379.3K
$331.9K – $442.5K
NOI $26,552 @ 7.0% cap · market cap 4.25%
Theoretical Best
Office A
$522.3K
$457.0K – $609.4K
NOI $36,562 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
50%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
49
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 - Side-by-side layout with separate laundry rooms and spacious eat-in kitchens.
Where is this duplex located?
The property is located at 365 Pembroke Street Pembroke, NH.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two‑unit side‑by‑side duplex totaling 2,006 square feet; Level 0.48 +/- acre lot with expansive yard areas; Each unit offers 2 bedrooms and 1 full bath
