Building Details

Building Size 1,583 SF

Year Built 1972

Buildings 1

Stories 2

Construction ranch

Listing Agency: Homes of New Hampshire Realty, LLC

Listed By: Cheryl Waitt Show Phone

Source: Cjbarrett

Added: May 6 Changed: Aug 29 Last Checked: May 28 at 5:47AM

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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 Homes of New Hampshire Realty, LLC

Investment Insights

Based on property information with market context.

This duplex contains two first-floor ranch-style units, each benefiting from fresh paint and selected flooring updates. The lower level expands the property’s usable space with semi-finished rooms, a full bath, wet bar, cabinetry, and additional areas for recreation, office use, hobbies, workshops, or storage. It may also be possible to connect the lower level with one of the units.

Located at 414 Fremont Rd in Chester, the property sits near Route 101 and occupies over an acre with a large deck and private country surroundings. Built in 1972, the layout supports two-family living while offering additional interior space for customization.

Key Highlights

• Two first‑floor ranch‑style units
• Lower level includes semi‑finished rooms, a full bath, wet bar, and cabinetry
• Set on over an acre with a large deck

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,668

Cap Rate

5.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$533,360 $533.4K

Cap Rate 7%

$380,971 $381.0K

Cap Rate 9%

$296,311 $296.3K

Market Conditions

NOI Build-Up for 1,583 SF

Gross rent

$39.9K $25.20/SF

− Vacancy

−$1.8K −$1.13/SF

EGI

$38.1K $24.07/SF

− OpEx

−$11.4K −$7.22/SF

NOI

$26.7K $16.85/SF

Area

Rockingham County, NH

Vacancy

4.50%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$533,360

Cap Rate 7%

$380,971

Cap Rate 9%

$296,311

Alternative Uses

Best Use

Multifamily LT 5

$381.0K

$333.4K – $444.5K (±1% cap)

NOI $26,668 @ 7.0% cap · market cap 5.33%

Second Best

Apartment 5plus

$343.2K

$300.3K – $400.4K (±1% cap)

NOI $24,022 @ 7.0% cap · market cap 4.81%

Theoretical Best

Office A

$527.0K

$461.2K – $614.9K (±1% cap)

NOI $36,892 @ 7.0% cap · market cap 7.38%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Big Box & Wholesale Store Bakery Auto Repair Shop Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

19

Businesses Nearby

Explore this area Business Placement

Demographics for 03036, NH

5,251

Population

1,911

Households

2.7

Avg Household Size

44

Median Age

43%

College-Educated

98%

High-School Grad

26.0 sq mi

ZIP Area

202

Density / Sq Mi

$138,606

Median Household Income

$59,733

Median Earnings

$479,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Duplex - First-floor units feature updated paint and flooring, complemented by flexible lower-level rooms and a full bath.

Where is this duplex located?

The property is located at 414 Fremont Rd Chester, NH.

What is the asking price?

The asking price for this property is $499,900.

What are key features of this property?

This property features: Two first‑floor ranch‑style units; Lower level includes semi‑finished rooms, a full bath, wet bar, and cabinetry; Set on over an acre with a large deck