71 Library Rd, Grafton, NH 03240

Building Details

Year Built 1930 More

Listing Agency: Marianna Vis Of Four Seasons Sotheby's Int'l Realty

Listed By: Dempsey Realty Group Show Phone

Source: Dempseyteam

Added: Sep 16 Changed: Nov 6 Last Checked: Nov 6 at 7:59AM

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Investment Insights

Based on property information with market context.

This duplex contains two 1-bedroom apartments totaling 1,368 square feet. The front apartment is designated as Apartment #1, while Apartment #2 is positioned at the rear and was built in 2013. Both units are currently rented, and the property dates to 1930.

The property is located at 71 Library Rd in Grafton, just off Route 4. Its regional setting provides access toward Lebanon, New London, Concord, and Plymouth. The Northern Rail Trail is nearby, along with Ragged Mountain for skiing.

Key Highlights

• Two 1‑bedroom apartments
• 1,368 square feet of property size
• Both units are currently rented

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,574

Cap Rate

5.05%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$271,480 $271.5K

Cap Rate 7%

$193,914 $193.9K

Cap Rate 9%

$150,822 $150.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,368 SF

Gross rent

$20.5K $15.00/SF

− Vacancy

−$1.1K −$0.83/SF

EGI

$19.4K $14.17/SF

− OpEx

−$5.8K −$4.25/SF

NOI

$13.6K $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 Rate 5%

$271,480

Cap Rate 7%

$193,914

Cap Rate 9%

$150,822

Alternative Uses

Best Use

Multifamily LT 5

$193.9K

$169.7K – $226.2K (±1% cap)

NOI $13,574 @ 7.0% cap · market cap 5.05%

Second Best

Apartment 5plus

$177.7K

$155.5K – $207.3K (±1% cap)

NOI $12,437 @ 7.0% cap · market cap 4.62%

Theoretical Best

Office A

$300.9K

$263.3K – $351.1K (±1% cap)

NOI $21,064 @ 7.0% cap · market cap 7.83%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Location Intelligence

Trade Area within ½ mile

15

Businesses Nearby

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Demographics for 03240, NH

1,385

Population

698

Households

2

Avg Household Size

48

Median Age

26%

College-Educated

92%

High-School Grad

41.5 sq mi

ZIP Area

33

Density / Sq Mi

$72,188

Median Household Income

$43,935

Median Earnings

$1,232

Median Rent

$256,400

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Two one-bedroom apartments provide an existing residential income configuration in Grafton.

Where is this duplex located?

The property is located at 71 Library Rd Grafton, NH.

What is the asking price?

The asking price for this property is $269,000.

What are key features of this property?

This property features: Two 1‑bedroom apartments; 1,368 square feet of property size; Both units are currently rented