Building Details

Building Size 1,056 SF

Year Built 1925

Buildings 2

Stories 2

Units 2

Listing Agency: Keller Williams Realty-Metropolitan e***@kw.com

Listed By: Jason Lepine · License #287735 Show Phone

Source: Bigbearrevt

Added: Oct 19 Changed: Oct 23 Last Checked: Oct 22 at 8:27AM

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Investment Insights

Based on property information with market context.

The property includes two independent residences on approximately 0.75 acres. The main home has two bedrooms, a three-quarter bathroom, an eat-in kitchen, and living space; it is vacant and has fresh interior paint. A separate one-bedroom cottage, also with a three-quarter bathroom, is tenant occupied. Each residence has its own electric meter.

Outdoor features include a deck, enclosed porch, outbuilding, and covered parking. The property is located along Route 202, with access to Bennington, Antrim, and the surrounding Monadnock Region.

Key Highlights

• Two residences on approximately 0.75 acres
• Main home offers two bedrooms and is vacant
• Tenant‑occupied cottage with one bedroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,368

Cap Rate

3.59%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$287,360 $287.4K

Cap Rate 7%

$205,257 $205.3K

Cap Rate 9%

$159,644 $159.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,056 SF

Gross rent

$27.5K $26.04/SF

− Vacancy

−$1.4K −$1.30/SF

EGI

$26.1K $24.74/SF

− OpEx

−$11.8K −$11.13/SF

NOI

$14.4K $13.61/SF

Area

Hillsborough County, NH

Vacancy

5.00%

Lease Rate

$26.04 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$287,360

Cap Rate 7%

$205,257

Cap Rate 9%

$159,644

Alternative Uses

Best Use

Apartment 5plus

$205.3K

$179.6K – $239.5K (±1% cap)

NOI $14,368 @ 7.0% cap · market cap 3.59%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.93M

$1.69M – $2.26M (±1% cap)

NOI $135,432 @ 7.0% cap · market cap 33.86%

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

Property Analytics

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Open Analytics

Lease Details

2

Residential units

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

19

Businesses Nearby

Explore this area Business Placement

Demographics for 03442, NH

1,501

Population

735

Households

2

Avg Household Size

42

Median Age

32%

College-Educated

91%

High-School Grad

11.4 sq mi

ZIP Area

132

Density / Sq Mi

$78,071

Median Household Income

$47,969

Median Earnings

$1,132

Median Rent

$249,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Multifamily property - Separate electric meters serve the main residence and tenant-occupied cottage.

Where is this multifamily property located?

The property is located at 479 Us Highway 202 Bennington, NH.

What is the asking price?

The asking price for this property is $400,000.

What are key features of this property?

This property features: Two residences on approximately 0.75 acres; Main home offers two bedrooms and is vacant; Tenant‑occupied cottage with one bedroom