Building Details

Year Built 1940

Listing Agency: Pinkham Real Estate

Listed By: Adam Voelbel Show Phone

Source: Nhlegacygroup

Added: Aug 9 Changed: Oct 4 Last Checked: Oct 7 at 2:21PM

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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 Pinkham Real Estate

Investment Insights

Based on property information with market context.

This 1,743-square-foot duplex, built in 1940, contains two separate residences. The first-floor unit includes two bedrooms, one bathroom, a kitchen, and laundry in the basement. Upstairs, the second residence provides two bedrooms, two bathrooms, an open living and dining area, and laundry on the second floor.

The property is located at 51 Grove St in Bartlett, New Hampshire, near town and schools. Attitash, Cranmore Mountain, Bear Notch cross-country skiing, and Story Land are all described as minutes away. Outdoor features include a level backyard and fire pit.

Key Highlights

• Two‑unit duplex with 1,743 square feet, built in 1940
• Lower residence has 2 bedrooms, 1 bathroom, kitchen, and basement laundry
• Upper residence includes 2 bedrooms, 2 bathrooms, open living and dining space, and second‑floor laundry

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,274

Cap Rate

4.06%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$405,480 $405.5K

Cap Rate 7%

$289,629 $289.6K

Cap Rate 9%

$225,267 $225.3K

Market Conditions

NOI Build-Up for 1,743 SF

Gross rent

$30.3K $17.40/SF

− Vacancy

−$1.4K −$0.78/SF

EGI

$29.0K $16.62/SF

− OpEx

−$8.7K −$4.99/SF

NOI

$20.3K $11.63/SF

Area

Carroll County, NH

Vacancy

4.50%

Lease Rate

$17.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$405,480

Cap Rate 7%

$289,629

Cap Rate 9%

$225,267

Alternative Uses

Best Use

Multifamily LT 5

$289.6K

$253.4K – $337.9K (±1% cap)

NOI $20,274 @ 7.0% cap · market cap 4.06%

Second Best

Apartment 5plus

$256.2K

$224.2K – $299.0K (±1% cap)

NOI $17,937 @ 7.0% cap · market cap 3.59%

Theoretical Best

Office A

$435.2K

$380.8K – $507.8K (±1% cap)

NOI $30,465 @ 7.0% cap · market cap 6.11%

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 Parking Lot & Garage HVAC Service Garden Center Home Appliance Store Kitchen & Bath Showroom Daycare Center

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

Location Intelligence

Trade Area within ½ mile

1

Businesses Nearby

Explore this area Business Placement

Demographics for 03812, NH

936

Population

1,563

Households

0.6

Avg Household Size

53

Median Age

48%

College-Educated

100%

High-School Grad

58.6 sq mi

ZIP Area

16

Density / Sq Mi

$37,750

Median Earnings

$345,800

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

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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?

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Frequently Asked Questions

What type of property is this?

Duplex - Two distinct residences offer flexible owner-occupancy or rental arrangements with convenient laundry locations.

Where is this duplex located?

The property is located at 51 Grove St Bartlett, NH.

What is the asking price?

The asking price for this property is $499,000.

What are key features of this property?

This property features: Two‑unit duplex with 1,743 square feet, built in 1940; Lower residence has 2 bedrooms, 1 bathroom, kitchen, and basement laundry; Upper residence includes 2 bedrooms, 2 bathrooms, open living and dining space, and second‑floor laundry