Two-Family Colonial with
New
For Sale
$559,000
65 Summer Street, Bristol, NH 03222
In-town duplex with off-street parking and a large garage for storage, vehicles, hobbies, or workshop use.
Property Size2,648 SF
Price / SF$211.10
Days on Market4
Property Features for 65 Summer Street
General Information
Standard status
Active
Size
2,648 SF
Property subtype
Multi Family
Zoning
Village Residential
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,060
Building Details
Year Built
1850
Buildings
2
Stories
2
Construction
Colonial
Listing Agency:
Old Mill Properties REALTORS
Listed By:
Kim Bruneau
Source:
Laerrealty
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 15 at 4:03AM
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 Old Mill Properties REALTORS
Investment Insights
Based on property information with market context.
This 2,648-square-foot duplex is a Colonial-style property built in 1850, with two residential units and a large barn and garage. Each unit provides living space, while the auxiliary area accommodates vehicles, storage, hobbies, or workshop use. Off-street parking adds practical convenience for occupants and visitors. The larger unit is currently owner-occupied.
Located at 65 Summer Street in Bristol, the property is within town and close to local shops, restaurants, services, and community amenities. Village Residential zoning is identified for the property.
Located at 65 Summer Street in Bristol, the property is within town and close to local shops, restaurants, services, and community amenities. Village Residential zoning is identified for the property.
Key Highlights
- 2,648‑square‑foot two‑family Colonial built in 1850
- Two residential units, with the larger unit owner‑occupied
- Large barn and garage provide space for vehicles, storage, hobbies, or workshop use
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
$26,275
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%
$525,500
$525.5K
Cap Rate 7%
$375,357
$375.4K
Cap Rate 9%
$291,944
$291.9K
Market Conditions
NOI Build-Up for 2,648 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
$39.7K $15.00/SF
− Vacancy
−$2.2K −$0.83/SF
EGI
$37.5K $14.17/SF
− OpEx
−$11.3K −$4.25/SF
NOI
$26.3K $9.92/SF
Area
Grafton County, NH
Vacancy
5.50%
Lease Rate
$15.00 /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%
$525,500
Cap Rate 7%
$375,357
Cap Rate 9%
$291,944
Alternative Uses
Best Use
Multifamily LT 5
$375.4K
$328.4K – $437.9K
NOI $26,275 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$343.9K
$300.9K – $401.2K
NOI $24,074 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$582.5K
$509.7K – $679.6K
NOI $40,774 @ 7.0% cap · market cap 7.29%
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
195
Businesses Nearby
Explore this area
Business Placement
Demographics for 03222, NH
5,743
Population
4,071
Households
1.4
Avg Household Size
50
Median Age
28%
College-Educated
90%
High-School Grad
71.3 sq mi
ZIP Area
81
Density / Sq Mi
$78,535
Median Household Income
$43,453
Median Earnings
$1,246
Median Rent
$256,500
Median Home Value
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 - In-town duplex with off-street parking and a large garage for storage, vehicles, hobbies, or workshop use.
Where is this duplex located?
The property is located at 65 Summer Street Bristol, NH.
What is the asking price?
The asking price for this property is $559,000.
What are key features of this property?
This property features: 2,648‑square‑foot two‑family Colonial built in 1850; Two residential units, with the larger unit owner‑occupied; Large barn and garage provide space for vehicles, storage, hobbies, or workshop use
