Building Details

Year Built 1880

Buildings 1

Units 2

Listing Agency: i***@capitalcityrealtynh.com Show Phone

Listed By: Jenna Carmichael · License ##075346 Show Phone

Source: Elliman

Added: Aug 10 Changed: Aug 11 Last Checked: Aug 12 at 5:30AM

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 Jenna Carmichael

Investment Insights

Based on property information with market context.

Built in 1880, this two-unit residential property contains approximately 2,781 square feet of finished living space arranged as two three-bedroom residences. The first-floor unit has been recently renovated and includes 1.5 baths, an updated kitchen, post-and-beam cathedral ceilings, and an oversized deck facing the West Souhegan River. The upper townhouse-style residence spans the second and third floors and offers a flexible layout. Both units have private in-unit laundry and separate utilities.

Additional improvements include public water and sewer, double-pane windows, a fully fenced yard, an electric storage shed, and paved off-street parking. The property is within walking distance of downtown Wilton and offers access to local amenities and major commuting routes.

Key Highlights

• Two three‑bedroom units totaling approximately 2,781 square feet of finished living space
• First‑floor residence recently renovated with 1.5 baths and an updated kitchen
• Oversized river‑facing deck with views toward the West Souhegan River

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

$40,840

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

6.92%

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%

$816,800 $816.8K

Cap Rate 7%

$583,429 $583.4K

Cap Rate 9%

$453,778 $453.8K

Market Conditions

NOI Build-Up for 2,781 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

$61.7K $22.20/SF

− Vacancy

−$3.4K −$1.22/SF

EGI

$58.3K $20.98/SF

− OpEx

−$17.5K −$6.29/SF

NOI

$40.8K $14.69/SF

Area

Hillsborough County, NH

Vacancy

5.50%

Lease Rate

$22.20 /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%

$816,800

Cap Rate 7%

$583,429

Cap Rate 9%

$453,778

Alternative Uses

Best Use

Multifamily LT 5

$583.4K

$510.5K – $680.7K (±1% cap)

NOI $40,840 @ 7.0% cap · market cap 6.92%

Second Best

Apartment 5plus

$540.5K

$473.0K – $630.6K (±1% cap)

NOI $37,838 @ 7.0% cap · market cap 6.41%

Theoretical Best

Specialty Retail

$5.10M

$4.46M – $5.94M (±1% cap)

NOI $356,663 @ 7.0% cap · market cap 60.46%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Auto Parts Store Electrical Service Auto Repair Shop Storage Facility Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

159

Businesses Nearby

Explore this area Business Placement

Demographics for 03086, NH

3,982

Population

1,820

Households

2.2

Avg Household Size

44

Median Age

42%

College-Educated

95%

High-School Grad

28.1 sq mi

ZIP Area

142

Density / Sq Mi

$117,732

Median Household Income

$56,611

Median Earnings

$1,389

Median Rent

$369,900

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Frequently Asked Questions

What type of property is this?

Duplex - Both residences include private laundry, separate utilities, and access to paved off-street parking.

Where is this duplex located?

The property is located at 7 Island St Wilton, NH.

What is the asking price?

The asking price for this property is $589,900.

What are key features of this property?

This property features: Two three‑bedroom units totaling approximately 2,781 square feet of finished living space; First‑floor residence recently renovated with 1.5 baths and an updated kitchen; Oversized river‑facing deck with views toward the West Souhegan River