Updated Two-Unit
For Sale
$460,000
5 Meadow Lane Unit 57, Allenstown, NH 03275
Two vacant residences offer separate utilities and flexible occupancy options.
Property Size1,728 SF
Price / SF$266.20
Days on Market132
Property Features for 5 Meadow Lane Unit 57
General Information
Standard status
Active
Size
1,728 SF
Property subtype
Multi Family
Zoning
Residentail
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,585
Amenities
Propane, Electric
No
Vinyl Plank
Water Heater
2
Fiberglass
white
Clapboard Exterior
Building Details
Year Built
1967
Listing Agency:
AmeraBay
(603) 854-4308
Listed By:
Cameron Landry
(603) 854-4308
Source:
Compass
Added: Apr 22
Changed: Aug 31
Last Checked: Aug 31 at 6:30AM
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 AmeraBay
Investment Insights
Based on property information with market context.
This two-unit duplex contains 1,728 square feet and was built in 1967. Both residences are vacant, allowing a new owner to determine the preferred occupancy arrangement from the outset. Separate utilities serve each unit, supporting distinct household operations.
The property includes a private driveway, additional on-street parking, and a generous yard with room for outdoor use. Its Allenstown setting places the property between Concord and Manchester, with access to both communities for commuting and daily needs. The exterior features clapboard siding and fiberglass components.
The property includes a private driveway, additional on-street parking, and a generous yard with room for outdoor use. Its Allenstown setting places the property between Concord and Manchester, with access to both communities for commuting and daily needs. The exterior features clapboard siding and fiberglass components.
Key Highlights
- Two‑unit duplex with 1,728 square feet
- Both units are currently vacant
- Separate utilities for each unit
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
$24,821
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
5.40%
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%
$496,420
$496.4K
Cap Rate 7%
$354,586
$354.6K
Cap Rate 9%
$275,789
$275.8K
Market Conditions
NOI Build-Up for 1,728 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
$37.3K $21.60/SF
− Vacancy
−$1.9K −$1.08/SF
EGI
$35.5K $20.52/SF
− OpEx
−$10.6K −$6.16/SF
NOI
$24.8K $14.36/SF
Area
Merrimack County, NH
Vacancy
5.00%
Lease Rate
$21.60 /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%
$496,420
Cap Rate 7%
$354,586
Cap Rate 9%
$275,789
Alternative Uses
Best Use
Multifamily LT 5
$354.6K
$310.3K – $413.7K
NOI $24,821 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$326.7K
$285.9K – $381.2K
NOI $22,872 @ 7.0% cap · market cap 4.97%
Theoretical Best
Office A
$449.9K
$393.7K – $524.9K
NOI $31,495 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 03275, NH
11,946
Population
4,739
Households
2.5
Avg Household Size
42
Median Age
25%
College-Educated
91%
High-School Grad
43.0 sq mi
ZIP Area
278
Density / Sq Mi
$84,776
Median Household Income
$43,850
Median Earnings
$1,258
Median Rent
$309,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences offer separate utilities and flexible occupancy options.
Where is this duplex located?
The property is located at 5 Meadow Lane Unit 57 Allenstown, NH.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,728 square feet; Both units are currently vacant; Separate utilities for each unit
