Two-Unit Duplex with Private
5 Pleasant Street, Lincoln, NH 03251
For Sale
New
$699,900
Separate two-level residences feature eat-in kitchens, mudrooms, and propane heat in downtown Lincoln.
Property Size2,976 SF
Price / SF$235.18
Days on Market6
Property Features for 5 Pleasant Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
mudrooms
private patio areas
backyard
storage shed
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Simply Sell Realty
Listed By:
Lisa Berry · License #456001902
(978) 315-0300
Source:
Bobbyvan
Added: Nov 4
Changed: Nov 7
Last Checked: Nov 8 at 6:16PM
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 Simply Sell Realty
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Investment Insights
Based on property information with market context.
This 1920-built duplex contains 2,976 square feet across two separate residences, each arranged on two levels. Both units have eat-in kitchens and mudrooms; the property also includes private patio areas, a backyard, and a storage shed. Heating is provided by propane, and the zoning designation is VC.
The property is on Pleasant Street in downtown Lincoln, within walking distance of restaurants, shops, the Timbertown Lift, the Pemigewasset River, hiking trails, mini golf, and local attractions. Loon Mountain, Cannon Mountain, Franconia Notch State Park, Clark's Bears, and Whale's Tale Water Park are described as minutes away.
The property is on Pleasant Street in downtown Lincoln, within walking distance of restaurants, shops, the Timbertown Lift, the Pemigewasset River, hiking trails, mini golf, and local attractions. Loon Mountain, Cannon Mountain, Franconia Notch State Park, Clark's Bears, and Whale's Tale Water Park are described as minutes away.
Key Highlights
- Duplex with two separate, two‑level residences
- 2,976 square feet; built in 1920
- Eat‑in kitchen and mudroom in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,529
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,580
$590.6K
Cap Rate 7%
$421,843
$421.8K
Cap Rate 9%
$328,100
$328.1K
Market Conditions
NOI Build-Up for 2,976 SF
Gross rent
$44.6K $15.00/SF
− Vacancy
−$2.5K −$0.83/SF
EGI
$42.2K $14.17/SF
− OpEx
−$12.7K −$4.25/SF
NOI
$29.5K $9.92/SF
Area
Grafton County, NH
Vacancy
5.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,580
Cap Rate 7%
$421,843
Cap Rate 9%
$328,100
Alternative Uses
Best Use
Multifamily LT 5
$421.8K
$369.1K – $492.2K
NOI $29,529 @ 7.0% cap · market cap 4.22%
Second Best
Apartment 5plus
$386.5K
$338.2K – $450.9K
NOI $27,056 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$654.6K
$572.8K – $763.7K
NOI $45,824 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
290
Businesses Nearby
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Business Placement
Demographics for 03251, NH
1,631
Population
2,722
Households
0.6
Avg Household Size
53
Median Age
42%
College-Educated
90%
High-School Grad
66.3 sq mi
ZIP Area
25
Density / Sq Mi
$65,990
Median Household Income
$35,683
Median Earnings
$972
Median Rent
$312,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Separate two-level residences feature eat-in kitchens, mudrooms, and propane heat in downtown Lincoln.
Where is this duplex located?
The property is located at 5 Pleasant Street Lincoln, NH.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Duplex with two separate, two‑level residences; 2,976 square feet; built in 1920; Eat‑in kitchen and mudroom in each unit
