Building Details

Year Built 1920

Listing Agency: Matchmaker Realty LLC

Listed By: Judy Upham · License #19502

Source: Welcomeaboderealty

Added: Oct 26 Last Checked: Oct 28 at 5:29AM

Report an Issue

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 Matchmaker Realty LLC

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This duplex contains two residences, each with three bedrooms. The main unit has one full bathroom and one three-quarter bathroom; the second unit has one bathroom. New windows and vinyl siding, along with new carpets and fresh paint in the main unit, are among the property updates. The building dates to 1920 and contains 2,300 square feet.

A detached garage measuring 20 by 60 feet adds substantial vehicle or storage space and has recently received vinyl siding on its front face. The property is in Auburn, New Hampshire, near Route 101.

Key Highlights

• Two three‑bedroom units
• Main unit has one full bath and one three‑quarter bath; second unit has one bath
• 2,300‑square‑foot property built in 1920

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,746

Cap Rate

6.40%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$774,920 $774.9K

Cap Rate 7%

$553,514 $553.5K

Cap Rate 9%

$430,511 $430.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,300 SF

Gross rent

$58.0K $25.20/SF

− Vacancy

−$2.6K −$1.13/SF

EGI

$55.4K $24.07/SF

− OpEx

−$16.6K −$7.22/SF

NOI

$38.7K $16.85/SF

Area

Rockingham County, NH

Vacancy

4.50%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$774,920

Cap Rate 7%

$553,514

Cap Rate 9%

$430,511

Alternative Uses

Best Use

Multifamily LT 5

$553.5K

$484.3K – $645.8K (±1% cap)

NOI $38,746 @ 7.0% cap · market cap 6.40%

Second Best

Apartment 5plus

$498.6K

$436.3K – $581.7K (±1% cap)

NOI $34,902 @ 7.0% cap · market cap 5.77%

Theoretical Best

Office A

$765.7K

$670.0K – $893.4K (±1% cap)

NOI $53,601 @ 7.0% cap · market cap 8.86%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

256

Businesses Nearby

Explore this area Business Placement

Demographics for 03032, NH

5,930

Population

1,998

Households

3

Avg Household Size

43

Median Age

52%

College-Educated

95%

High-School Grad

25.3 sq mi

ZIP Area

234

Density / Sq Mi

$146,290

Median Household Income

$65,752

Median Earnings

$1,960

Median Rent

$547,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Both residences offer three bedrooms, with updated finishes in the main unit and a substantial garage on site.

Where is this duplex located?

The property is located at 524 Manchester Road Auburn, NH.

What is the asking price?

The asking price for this property is $605,000.

What are key features of this property?

This property features: Two three‑bedroom units; Main unit has one full bath and one three‑quarter bath; second unit has one bath; 2,300‑square‑foot property built in 1920