Occupied Two-Unit
For Sale
$336,000
7 Glen Street, Farmington, NH 03835
Wood-frame residential income property with two units and full occupancy under UR Urban Residential zoning.
Property Size1,088 SF
Price / SF$308.82
Days on Market382
Property Features for 7 Glen Street
General Information
Standard status
Active
Size
1,088 SF
Property subtype
Multi Family
Zoning
UR
Occupancy
100%
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$6,018
Amenities
Oil, Hot Water
Yes
1.75
2
Walkout
Unfinished
Asphalt Shingle
Brown
Wood Frame
Building Details
Year Built
1893
Buildings
1
Listing Agency:
KW Coastal and Lakes & Mountains Realty
(603) 707-2319
Listed By:
Ethan Ash · License ##071469
(603) 707-2319
Source:
Compass
Added: Aug 14, 2025
Changed: Aug 30
Last Checked: Aug 30 at 11:46AM
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 KW Coastal and Lakes & Mountains Realty
Investment Insights
Based on property information with market context.
This wood-frame duplex was built in 1893 and contains two residential units. The property is fully occupied and designated UR Urban Residential, supporting its classification as a multifamily income asset.
Located at 7 Glen Street in Farmington, New Hampshire, the building has asphalt-shingle roofing and oil-fired hot-water heating. The property is offered for sale as a two-unit residential investment.
Located at 7 Glen Street in Farmington, New Hampshire, the building has asphalt-shingle roofing and oil-fired hot-water heating. The property is offered for sale as a two-unit residential investment.
Key Highlights
- Two‑unit duplex with 100% occupancy
- UR Urban Res. zoning
- 2,227 SF building
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
$11,045
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
3.29%
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%
$220,900
$220.9K
Cap Rate 7%
$157,786
$157.8K
Cap Rate 9%
$122,722
$122.7K
Market Conditions
NOI Build-Up for 1,088 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
$16.3K $15.00/SF
− Vacancy
−$542 −$0.50/SF
EGI
$15.8K $14.50/SF
− OpEx
−$4.7K −$4.35/SF
NOI
$11.0K $10.15/SF
Area
Strafford County, NH
Vacancy
3.32%
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%
$220,900
Cap Rate 7%
$157,786
Cap Rate 9%
$122,722
Alternative Uses
Best Use
Multifamily LT 5
$157.8K
$138.1K – $184.1K
NOI $11,045 @ 7.0% cap · market cap 3.29%
Second Best
Apartment 5plus
$145.5K
$127.3K – $169.8K
NOI $10,186 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$291.1K
$254.7K – $339.6K
NOI $20,375 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Explore this area
Business Placement
Demographics for 03835, NH
6,758
Population
2,994
Households
2.3
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
36.8 sq mi
ZIP Area
184
Density / Sq Mi
$63,704
Median Household Income
$33,333
Median Earnings
$963
Median Rent
$273,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Wood-frame residential income property with two units and full occupancy under UR Urban Residential zoning.
Where is this duplex located?
The property is located at 7 Glen Street Farmington, NH.
What is the asking price?
The asking price for this property is $336,000.
What are key features of this property?
This property features: Two‑unit duplex with 100% occupancy; UR Urban Res. zoning; 2,227 SF building
