Two-Unit Duplex with Private
38-40 Cedar Street Wakefield, NH 03872
For Sale
$549,900
Well-maintained duplex offers two 2-bedroom, 1.5-bath units with separate utilities and private basements.
Property Size2,080 SF
Price / SF$264.38
Days on Market83
Property Features for 38-40 Cedar Street
General Information
- Standard status
- Active
- Size
- 2,080 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 2005
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Wolfeboro
(603) 501-9665
Listed By:
Amy Taatjes
(603) 501-9665
Source:
Compass
Added: May 4
Changed: Jul 23
Last Checked: Jul 24 at 12:06PM
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 KW Coastal and Lakes & Mountains Realty/Wolfeboro
Investment Insights
Based on property information with market context.
This spacious, well-maintained duplex features two separate residential units, each offering two bedrooms and 1.5 bathrooms. Both units have their own utilities and private basements, providing independent setups for day-to-day living. Outdoor space includes private decks overlooking a large shared backyard.
Located in Wakefield, NH, the property offers convenient walkability to downtown restaurants, shopping, the town beach, and the rail trail. Route 16 provides easy access for commuting.
Each unit is configured as a 2-bedroom, 1.5-bath layout within the duplex, with separate utilities and private basement space supporting privacy and functional independence.
Located in Wakefield, NH, the property offers convenient walkability to downtown restaurants, shopping, the town beach, and the rail trail. Route 16 provides easy access for commuting.
Each unit is configured as a 2-bedroom, 1.5-bath layout within the duplex, with separate utilities and private basement space supporting privacy and functional independence.
Key Highlights
- Duplex built in 2005 with 2 units, each featuring 2 bedrooms and 1.5 bathrooms
- Each unit has separate utilities plus its own private basement with interior access
- Two propane, hot water heating system(s); cooling listed as none
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.2k | $17.40 |
| − Vacancy | −$1.6k | −$0.78 |
| EGI | $34.6k | $16.62 |
| − OpEx | −$10.4k | −$4.99 |
| NOI | $24.2k | $11.63 |
2,080 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$345.6K
$302.4K – $403.2K
NOI $24,194 @ 7.0% cap · market cap 4.40%
Second Best
Apartment 5plus
$305.8K
$267.6K – $356.8K
NOI $21,405 @ 7.0% cap · market cap 3.89%
Theoretical Best
Office A
$519.4K
$454.5K – $605.9K
NOI $36,356 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Well-maintained duplex offers two 2-bedroom, 1.5-bath units with separate utilities and private basements.
Where is this duplex located?
The property is located at 38-40 Cedar Street Wakefield, NH.
What is the asking price?
The asking price for this property is $549,900.
What are key features of this property?
This property features: Duplex built in 2005 with 2 units, each featuring 2 bedrooms and 1.5 bathrooms; Each unit has separate utilities plus its own private basement with interior access; Two propane, hot water heating system(s); cooling listed as none
