Two-Unit Residential Income
For Sale
$525,000
51 Grove Street, Bartlett, NH 03812
MULTI_FAMILY - Other - Bartlett, NH
Property Size2,051 SF
Lot Size0.32 Acres
Price / SF$255.97
Days on Market52
Property Features for 51 Grove Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RA
Rooms
Basement
Parking features
Driveway
Lot features
Level
Elementary school
Josiah Bartlett Elem
Middle school
Josiah Bartlett School
High school
A. Crosby Kennett Sr. High
Elementary school district
SAU #9
Middle school district
SAU #9
High school district
SAU #9
Directions
From Route 302 in Bartlett, turn onto Albany Avenue. Continue to the fourth right and turn onto Grove Street. Follow Grove Street to 51 Grove Street, which will be on the left. Look for the house number and sign at the property.
Standard status
Active
Size
2,051 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1808
Utilities
Utilities
Cable Available
Heating system
Forced Air, Oil
Water source
Public
Building Details
Year built
1940
Floors in Building
3
Number of units
2
Building materials
Wood Frame, Wood Siding
Roof type
Metal
Architectural style
Other
Listing Agency:
Black Bear Realty
(603) 383-8080
Listed By:
Adam Voelbel
(603) 383-8080
Added: Jun 10
Changed: Jul 6
Last Checked: Jul 31 at 6:06AM
MLS# 5093993
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 well-maintained two-unit home is designed for flexible living and rental arrangements, with each unit featuring large windows that bring in natural light. The lower unit includes two bedrooms, one bathroom, a kitchen, and laundry located in the basement. The upper unit offers two bedrooms, two bathrooms, a kitchen, and laundry on the second floor. Both units include comfortable, light-filled layouts, supported by the home’s overall character and condition.
Located at 51 Grove Street in Bartlett, this property is positioned within town near the elementary school. The home is served by public water, and the remarks note low Bartlett taxes. Outside, a level backyard includes a fire pit, creating a practical space for relaxing, entertaining, or simple outdoor enjoyment.
For tenants or owner-occupants, the configuration supports straightforward unit separation with each level offering its own bedroom and bathroom setup. Buyers seeking a manageable multifamily setup can consider the option to live in one unit while renting the other, or rent both units, depending on their plans. The location is also described as minutes from Attitash, Cranmore, hiking and recreation trails, and Story Land, making it suitable for year-round use.
Located at 51 Grove Street in Bartlett, this property is positioned within town near the elementary school. The home is served by public water, and the remarks note low Bartlett taxes. Outside, a level backyard includes a fire pit, creating a practical space for relaxing, entertaining, or simple outdoor enjoyment.
For tenants or owner-occupants, the configuration supports straightforward unit separation with each level offering its own bedroom and bathroom setup. Buyers seeking a manageable multifamily setup can consider the option to live in one unit while renting the other, or rent both units, depending on their plans. The location is also described as minutes from Attitash, Cranmore, hiking and recreation trails, and Story Land, making it suitable for year-round use.
Key Highlights
- Two‑unit home built in 1940 with wood frame and wood siding exterior
- Each unit has 2 bedrooms; lower unit has 1 bathroom, upper unit has 2 bathrooms
- Lower unit includes kitchen and laundry in the basement; upper unit includes second‑floor laundry
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.7k | $17.40 |
| − Vacancy | −$1.6k | −$0.78 |
| EGI | $34.1k | $16.62 |
| − OpEx | −$10.2k | −$4.99 |
| NOI | $23.9k | $11.63 |
2,051 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$340.8K
$298.2K – $397.6K
NOI $23,857 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$301.5K
$263.8K – $351.8K
NOI $21,107 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$512.1K
$448.1K – $597.5K
NOI $35,849 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
51
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
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 - Well-maintained two-unit home with in-unit laundry and a level backyard with a fire pit for year-round use.
Where is this duplex located?
The property is located at 51 Grove Street Bartlett, NH.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑unit home built in 1940 with wood frame and wood siding exterior; Each unit has 2 bedrooms; lower unit has 1 bathroom, upper unit has 2 bathrooms; Lower unit includes kitchen and laundry in the basement; upper unit includes second‑floor laundry
