Two-Unit Multifamily
38 Jannell Court Epping, NH 03042
38 Jannell Court, Epping, NH, 03042
$379,900
Pending
For Sale
$379,900
Pending
Well-maintained two-unit building offers 2-bedroom, 1-bath units with in-unit storage access to basement and attic space.
Property Size1,344 SF
Days on Market101
Property Features for 38 Jannell Court
General Information
- Standard status
- Pending
- Size
- 1,344 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1890
Listing agency
The Merrill Bartlett Group
(603) 770-4012
Listed by
Lynne B. Merrill · License #596510114
Source
Gundersheimgroup
Added: Apr 13 Updated: Jul 22 at 4:20AM Checked: Jul 22 at 4:20AM
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 The Merrill Bartlett Group
Investment Insights
Based on property information with market context.
This well-maintained two-unit multifamily property is configured as a duplex-style income option, with each unit offering two bedrooms and one full bathroom. Both units include a functional kitchen and dining area, along with a living room. Unit 1, located on the first floor, provides interior access to the basement for convenient additional storage. Unit 2, located on the second floor, includes access to a third-floor attic to support further storage flexibility.
The property is located in Rockingham County, NH, with zoning listed as HC. Directions are available from Rte. 125 North to Rte. 27 East, then a turn onto Jannell Ct; the home is on the left.
Showings are described as assisted only, with showings beginning Friday, May 1st.
The property is located in Rockingham County, NH, with zoning listed as HC. Directions are available from Rte. 125 North to Rte. 27 East, then a turn onto Jannell Ct; the home is on the left.
Showings are described as assisted only, with showings beginning Friday, May 1st.
Key Highlights
- Two‑unit multi‑family building with 2 bedrooms and 1 full bath per unit
- Each unit includes 672 sq ft of living space with a kitchen/dining area and living room
- Unit 1 (first floor) has interior access to the basement for additional storage
Local 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 | $33.9k | $25.20 |
| − Vacancy | −$1.5k | −$1.13 |
| EGI | $32.3k | $24.07 |
| − OpEx | −$9.7k | −$7.22 |
| NOI | $22.6k | $16.85 |
1,344 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$323.4K
$283.0K – $377.4K
NOI $22,641 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$291.4K
$254.9K – $339.9K
NOI $20,395 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$447.5K
$391.5K – $522.0K
NOI $31,322 @ 7.0% cap · market cap 8.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained two-unit building offers 2-bedroom, 1-bath units with in-unit storage access to basement and attic space.
Where is this duplex located?
The property is located at 38 Jannell Court Epping, NH.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Two‑unit multi‑family building with 2 bedrooms and 1 full bath per unit; Each unit includes 672 sq ft of living space with a kitchen/dining area and living room; Unit 1 (first floor) has interior access to the basement for additional storage
