2-Unit Duplex with
New
For Sale
$499,900
741 WEST MAIN Street #46-1, Hillsborough, NH 03244
Each residence has two bedrooms, a full kitchen, in-unit laundry, and Mitsubishi split heating and cooling.
Property Size2,006 SF
Lot Size6.40 Acres
Price / SF$249.20
Days on Market6
Property Features for 741 WEST MAIN Street #46-1
General Information
Standard status
Active
Size
2,006 SF
Lot size
6.40 Acres
Property subtype
Multi Family
Zoning
RES
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$10,223
Amenities
stackable washer and dryer
wraparound porches
garage
landscaped yard
Building Details
Year Built
2024
Buildings
1
Stories
1
Listing Agency:
Hagstrom RE
Listed By:
Samantha Hagstrom
(267) 858-1673
Source:
Laerrealty
Added: Oct 26
Changed: Oct 30
Last Checked: Oct 30 at 11:26AM
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 Hagstrom RE
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Investment Insights
Based on property information with market context.
Constructed in 2024, this RES-zoned duplex contains 2,006 square feet across two units, each with two bedrooms, a fully equipped kitchen, stackable washer and dryer, and Mitsubishi split heating and cooling. Wraparound porches extend the covered outdoor area. A detached 24x24 garage has 10-foot ceilings, overhead storage, and its own electric service. The property spans 6.4 acres and includes landscaped grounds and a rear gravel area.
The property is across from the Manahan Beach entrance to Franklin Pierce Lake, with access to nearby snowmobile trails.
The property is across from the Manahan Beach entrance to Franklin Pierce Lake, with access to nearby snowmobile trails.
Key Highlights
- Two‑unit duplex built in 2024 with 2,006 square feet
- 6.4‑acre parcel across from the Manahan Beach entrance to Franklin Pierce Lake
- Each unit has 2 bedrooms, a fully equipped kitchen, and stackable washer and dryer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,459
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$589,180
$589.2K
Cap Rate 7%
$420,843
$420.8K
Cap Rate 9%
$327,322
$327.3K
Market Conditions
NOI Build-Up for 2,006 SF
Gross rent
$44.5K $22.20/SF
− Vacancy
−$2.4K −$1.22/SF
EGI
$42.1K $20.98/SF
− OpEx
−$12.6K −$6.29/SF
NOI
$29.5K $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 Rate 5%
$589,180
Cap Rate 7%
$420,843
Cap Rate 9%
$327,322
Alternative Uses
Best Use
Multifamily LT 5
$420.8K
$368.2K – $491.0K
NOI $29,459 @ 7.0% cap · market cap 5.89%
Second Best
Apartment 5plus
$389.9K
$341.2K – $454.9K
NOI $27,293 @ 7.0% cap · market cap 5.46%
Theoretical Best
Specialty Retail
$3.68M
$3.22M – $4.29M
NOI $257,270 @ 7.0% cap · market cap 51.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 03244, NH
8,001
Population
3,667
Households
2.2
Avg Household Size
44
Median Age
25%
College-Educated
95%
High-School Grad
82.5 sq mi
ZIP Area
97
Density / Sq Mi
$93,886
Median Household Income
$51,022
Median Earnings
$1,112
Median Rent
$252,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two bedrooms, a full kitchen, in-unit laundry, and Mitsubishi split heating and cooling.
Where is this duplex located?
The property is located at 741 WEST MAIN Street #46-1 Hillsborough, NH.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two‑unit duplex built in 2024 with 2,006 square feet; 6.4‑acre parcel across from the Manahan Beach entrance to Franklin Pierce Lake; Each unit has 2 bedrooms, a fully equipped kitchen, and stackable washer and dryer
