Hampton Beach Duplex with
For Sale
$524,500
56 Nudd Avenue, Hampton, NH 03942
Two 2-bedroom units with decks, outdoor shower, and ample parking on adjacent lots near Hampton Beach attractions.
Property Size1,464 SF
Price / SF$358.27
Days on Market47
Property Features for 56 Nudd Avenue
General Information
Standard status
Active
Size
1,464 SF
Property subtype
Multi Family
Zoning
BS
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,897
Building Details
Year Built
1953
Stories
1
Listing Agency:
BHHS Verani Londonderry
(603) 490-7645
Listed By:
Erika Stewart
Source:
Laerrealty
Added: Jul 5
Changed: Aug 8
Last Checked: Aug 20 at 4:36AM
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 BHHS Verani Londonderry
Investment Insights
Based on property information with market context.
This Hampton Beach duplex includes two adjacent lots and offers two separate units, each over 700 square feet, with 2 bedrooms and 1 full bathroom. The property features spacious side and back decks for outdoor use, plus some yard, a large shed for storage, and an outdoor shower to rinse off after a day at the beach. The roof is described as “young,” and the duplex is maintained by the same family for many decades, offering an opportunity to be purchased as a turnkey setup or adapted for future plans.
Located at the end of a dead-end street behind the Ashworth, the property is positioned close to the boardwalk, ocean, and “all the action,” with convenient access to beach-area activities. The sale is set up to include the two adjacent lots, and the remarks emphasize that the parking is substantial and seasonally coveted.
For tenants, buyers, or operators, this configuration supports flexible use as a beach retreat, or as a short-term rental option in a well-known vacation area. The property also presents possibilities for future changes, including expanding the footprint, adding units, building up, rebuilding, converting to a single-family layout, or using it year-round, depending on the buyer’s vision.
Located at the end of a dead-end street behind the Ashworth, the property is positioned close to the boardwalk, ocean, and “all the action,” with convenient access to beach-area activities. The sale is set up to include the two adjacent lots, and the remarks emphasize that the parking is substantial and seasonally coveted.
For tenants, buyers, or operators, this configuration supports flexible use as a beach retreat, or as a short-term rental option in a well-known vacation area. The property also presents possibilities for future changes, including expanding the footprint, adding units, building up, rebuilding, converting to a single-family layout, or using it year-round, depending on the buyer’s vision.
Key Highlights
- 1953‑built Hampton Beach duplex with two 2‑bedroom, 1‑bath units, each over 700 SF
- Sale includes 2 adjacent lots for additional space and potential development of the property footprint
- Outdoor living space includes a spacious side deck and a back deck, plus an outdoor shower
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
$24,663
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
4.70%
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%
$493,260
$493.3K
Cap Rate 7%
$352,329
$352.3K
Cap Rate 9%
$274,033
$274.0K
Market Conditions
NOI Build-Up for 1,464 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
$36.9K $25.20/SF
− Vacancy
−$1.7K −$1.13/SF
EGI
$35.2K $24.07/SF
− OpEx
−$10.6K −$7.22/SF
NOI
$24.7K $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 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%
$493,260
Cap Rate 7%
$352,329
Cap Rate 9%
$274,033
Alternative Uses
Best Use
Multifamily LT 5
$352.3K
$308.3K – $411.1K
NOI $24,663 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$317.4K
$277.7K – $370.3K
NOI $22,216 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$487.4K
$426.5K – $568.6K
NOI $34,118 @ 7.0% cap · market cap 6.50%
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
260
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two 2-bedroom units with decks, outdoor shower, and ample parking on adjacent lots near Hampton Beach attractions.
Where is this duplex located?
The property is located at 56 Nudd Avenue Hampton, NH.
What is the asking price?
The asking price for this property is $524,500.
What are key features of this property?
This property features: 1953‑built Hampton Beach duplex with two 2‑bedroom, 1‑bath units, each over 700 SF; Sale includes 2 adjacent lots for additional space and potential development of the property footprint; Outdoor living space includes a spacious side deck and a back deck, plus an outdoor shower
