Historic Duplex with Period
For Sale
$950,000
51 Mount st Mary's Way, Hooksett, NH 03106
Multi-Family, Hooksett, NH
Property Size6,296 SF
Lot Size2.17 Acres
Price / SF$150.89
Days on Market8
Property Features for 51 Mount st Mary's Way
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
MUD2
Rooms
Basement
Lot features
Wooded
Standard status
Active
Size
6,296 SF
Lot size
2.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
16973
Utilities
Heating system
Hot Water(Heating), Steam, Oil
Water source
Public
Building Details
Year built
1880
Floors in Building
3
Number of units
2
Building materials
Timber Frame, Wood Exterior, Wood Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
RE/MAX Synergy · RE/MAX International
(603) 472-3900
Listed By:
Andrew Caudill
(603) 647-8000
Added: Sep 18
Changed: Sep 23
Last Checked: Sep 24 at 11:06PM
MLS# 5110604
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.
Built in 1880, this two-unit duplex retains original woodwork, period detailing, and custom hinges throughout. The property contains 6,296 square feet across 18 rooms, with a main residence, a secondary unit, and a partially finished third floor that provides additional interior space. A basement is also present, and the structure features timber-frame construction, wood siding, and a shingle roof.
Set on 2.17 acres at 51 Mount St Mary's Way in Hooksett, the property is located near Route 3 and uses public water. Heating is provided by hot water, steam, and oil systems. The property is identified as MUD2 zoning, with one additional unit currently occupied.
Set on 2.17 acres at 51 Mount St Mary's Way in Hooksett, the property is located near Route 3 and uses public water. Heating is provided by hot water, steam, and oil systems. The property is identified as MUD2 zoning, with one additional unit currently occupied.
Key Highlights
- 1880 construction with original woodwork, period details, and custom hinges
- Two‑unit layout with 18 rooms and 6,296 square feet
- Set on 2.17 acres at 51 Mount St Mary's Way
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
$83,336
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
8.77%
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%
$1,666,720
$1.7M
Cap Rate 7%
$1,190,514
$1.2M
Cap Rate 9%
$925,956
$926.0K
Market Conditions
NOI Build-Up for 6,296 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
$158.7K $25.20/SF
− Vacancy
−$7.1K −$1.13/SF
EGI
$151.5K $24.07/SF
− OpEx
−$68.2K −$10.83/SF
NOI
$83.3K $13.24/SF
Area
Merrimack County, NH
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
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%
$1,666,720
Cap Rate 7%
$1,190,514
Cap Rate 9%
$925,956
Alternative Uses
Best Use
Multifamily LT 5
$1.29M
$1.13M – $1.51M
NOI $90,436 @ 7.0% cap · market cap 9.52%
Second Best
Apartment 5plus
$1.19M
$1.04M – $1.39M
NOI $83,336 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,754 @ 7.0% cap · market cap 12.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 03106, NH
14,799
Population
5,679
Households
2.6
Avg Household Size
42
Median Age
39%
College-Educated
94%
High-School Grad
36.0 sq mi
ZIP Area
411
Density / Sq Mi
$107,137
Median Household Income
$49,950
Median Earnings
$1,638
Median Rent
$371,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with original woodwork, an unfinished third-floor area, and an occupied secondary unit.
Where is this duplex located?
The property is located at 51 Mount st Mary's Way Hooksett, NH.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 1880 construction with original woodwork, period details, and custom hinges; Two‑unit layout with 18 rooms and 6,296 square feet; Set on 2.17 acres at 51 Mount St Mary's Way
