51 Grove Street, Bartlett, NH 03812
Well-maintained two-unit home with separate layouts, allowing owner-occupancy or full rental use.
- Added:
- Jun 12, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 15 at 2:27 am
Property Features for 51 Grove Street
General Information
- Standard status
- Active
- Size
- 2,667 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1940
Listing agent Adam Voelbel (603) 707-0731
Listing office Black Bear Realty (603) 707-0731
Listing date Jun 12, 2026
Source Threehillsres
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 Black Bear Realty
HighLights
- Well‑maintained two‑unit home built in 1940 with separate layouts for owner‑occupant or full rental use
- Lower unit: 2 bedrooms, 1 bathroom, kitchen, plus laundry in the basement
- Upper unit: 2 bedrooms, 2 bathrooms, kitchen, plus second‑floor laundry
- Level backyard with a fire pit
- Public water; low Bartlett taxes
- In town near the elementary school
Overview
Outside, the property includes a level backyard with a fire pit, providing usable outdoor space for relaxation or entertaining. The home is located in town near the elementary school. The property is served by public water, and the remarks indicate low Bartlett taxes.
For tenants or buyers seeking income potential, the separate two-unit setup can accommodate a range of occupancy strategies, including living in one unit while generating rental income from the other. The presence of in-unit laundry hookups or laundry areas within each unit can also be a practical advantage for day-to-day living and tenant convenience.
Local 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 | $46.4k | $17.40 |
| − Vacancy | −$2.1k | −$0.78 |
| EGI | $44.3k | $16.62 |
| − OpEx | −$13.3k | −$4.99 |
| NOI | $31.0k | $11.63 |
Alternative Uses
Current Use by Public Records
Map
- City
- Bartlett
- County
- Carroll
- State
- New Hampshire
- Longitude
- -71.3046
- Latitude
- 44.1032
