61-63 Franklin Street Concord, NH 03301
Side-by-side duplex offers two separate units with first-floor laundry, basement storage access, and separate electric meters.
- Added:
- Jul 9, 2026
- Days on Market:
- 4
- Last Refresh:
- Jul 10 at 2:25 am
Property Features for 61-63 Franklin Street
General Information
- Standard status
- Active
- Size
- 2,125 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1900
Listing office Hometown Property Group (603) 491-8849
Listing date Jul 9, 2026
Source Laerrealty
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 Hometown Property Group
Investment Insights
Based on property information with market context.
Each unit features first-floor laundry with a washer and dryer, along with dedicated basement storage that includes exterior walk-out access. The duplex also offers separate driveway parking for each unit, plus additional space including a heated second-floor bonus/storage room off one bedroom and a walk-up unfinished attic offering potential for storage or future expansion, subject to approvals.
Recent updates include replacement windows, a roof with most sections approximately 10 years old, and shared furnace and hot water heater approximately 10 years old. The units have separate electric meters, supporting separate utility billing.
Key Highlights
- Side‑by‑side duplex with tenant‑occupied 1BR/1BA and a vacant 3BR/1BA unit ready for immediate occupancy
- 1BR/1BA unit generates $1,500/month rental income
- First‑floor laundry in each unit with washer and dryer; separate driveway parking for each unit
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 | $45.9k | $21.60 |
| − Vacancy | −$2.3k | −$1.08 |
| EGI | $43.6k | $20.52 |
| − OpEx | −$13.1k | −$6.16 |
| NOI | $30.5k | $14.36 |
