Two-Residence Duplex
New
For Sale
$400,000
479 Us Highway 202 Route, Bennington, NH 03442
Multi-Family, Bennington, NH
Property Size1,056 SF
Lot Size0.75 Acres
Price / SF$378.79
Days on Market2
Property Features for 479 Us Highway 202 Route
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
WRP W
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Basement, Bedroom 1
Parking features
Offsite, Covered, Carport
Patio and Porch features
Porch, Deck
Exterior features
Deck, Covered Porch, Shed
Appliances
Water Heater
Lot features
Country Setting, Open, Abuts Conservation
Elementary school
Pierce School
Middle school
Great Brook School
High school
Contoocook Valley Regional Hig
Elementary school district
Contoocook Valley SD SAU #1
Middle school district
Contoocook Valley SD SAU #1
High school district
Contoocook Valley SD SAU #1
Directions
GPS Friendly
Standard status
Active
Size
1,056 SF
Lot size
0.75 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
4761
Utilities
Utilities
Propane
Heating system
Natural Gas, Propane (Heating), Forced Air, Wall Furnace
Water source
Private, Well
Amenities
deck
enclosed porch
outbuilding
Building Details
Year built
1925
Floors in Building
2
Number of units
2
Flooring type
Wood
Building materials
Wood Frame
Roof type
Metal
Architectural style
Other
Listing Agency:
Keller Williams Realty-Metropolitan
Listed By:
Jason LePine
(603) 232-8282
Added: Sep 26
Last Checked: Sep 27 at 12:06PM
MLS# 5111661
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex property includes a two-bedroom main residence and a separate one-bedroom cottage, each with a three-quarter bathroom. The main home is vacant; the cottage is occupied by a tenant. The property has a recorded size of 1,056 square feet on 0.75 acres. A deck, enclosed porch, outbuilding, and covered parking add to the site’s existing features. The main residence was built in 1925, and the zoning designation is WRP W.
The property is on US Route 202 in Bennington, with access to Antrim and the surrounding Monadnock Region. Separate electric meters serve the two living spaces.
The property is on US Route 202 in Bennington, with access to Antrim and the surrounding Monadnock Region. Separate electric meters serve the two living spaces.
Key Highlights
- Two residences: a two‑bedroom main home and a separate one‑bedroom cottage
- Each residence has a three‑quarter bathroom
- 0.75‑acre parcel with 1,056 square feet of recorded property size
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
$15,508
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
3.88%
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%
$310,160
$310.2K
Cap Rate 7%
$221,543
$221.5K
Cap Rate 9%
$172,311
$172.3K
Market Conditions
NOI Build-Up for 1,056 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
$23.4K $22.20/SF
− Vacancy
−$1.3K −$1.22/SF
EGI
$22.2K $20.98/SF
− OpEx
−$6.6K −$6.29/SF
NOI
$15.5K $14.69/SF
Area
Hillsborough County, NH
Vacancy
5.50%
Lease Rate
$22.20 /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%
$310,160
Cap Rate 7%
$221,543
Cap Rate 9%
$172,311
Alternative Uses
Best Use
Multifamily LT 5
$221.5K
$193.9K – $258.5K
NOI $15,508 @ 7.0% cap · market cap 3.88%
Second Best
Apartment 5plus
$205.3K
$179.6K – $239.5K
NOI $14,368 @ 7.0% cap · market cap 3.59%
Theoretical Best
Specialty Retail
$1.93M
$1.69M – $2.26M
NOI $135,432 @ 7.0% cap · market cap 33.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - A vacant main residence and tenant-occupied cottage provide separate living spaces with independent electric meters.
Where is this duplex located?
The property is located at 479 Us Highway 202 Route 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: a two‑bedroom main home and a separate one‑bedroom cottage; Each residence has a three‑quarter bathroom; 0.75‑acre parcel with 1,056 square feet of recorded property size
