Duplex With Separate
New
For Sale
$475,000
75 Centre Street, Concord, NH 03301
Two residential units offer private porches, shared outdoor space, and off-street parking.
Property Size2,124 SF
Days on Market4
Property Features for 75 Centre Street
General Information
Standard status
Active
Size
2,124 SF
Property subtype
Multi Family Home
Zoning
Res
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA + bonus room
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,542
Building Details
Building Size
2,124 SF
Year Built
1900
Stories
2
Units
2
Listing Agency:
Exp Realty
(603) 557-6661
Listed By:
Hvizda Realty Group
(603) 557-6661
Source:
Ossipeelakere
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 11:58AM
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 Exp Realty
Investment Insights
Based on property information with market context.
Built in 1900, this residential duplex contains a one-bedroom, one-bath unit and a two-bedroom, one-bath unit with an additional bonus room. The larger residence was rebuilt several years ago and includes hardwood flooring across an open first-floor layout, an updated bathroom, two upstairs bedrooms, and flexible bonus space. Each apartment has a private porch, while the property also provides a shared backyard, separate utilities, and off-street parking.
The property is located at 75 Centre Street in Concord, adjacent to the University of New Hampshire Franklin Pierce School of Law. Main Street restaurants, shops, and entertainment, along with White Park, are within walking distance. Residential zoning is identified as Res.
The property is located at 75 Centre Street in Concord, adjacent to the University of New Hampshire Franklin Pierce School of Law. Main Street restaurants, shops, and entertainment, along with White Park, are within walking distance. Residential zoning is identified as Res.
Key Highlights
- Two‑unit duplex with 1 bedroom, 1 bath and 2 bedrooms, 1 bath
- Larger unit includes an additional bonus room and was rebuilt several years ago
- Hardwood floors and an open‑concept first floor in the larger unit
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
$30,509
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
6.42%
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%
$610,180
$610.2K
Cap Rate 7%
$435,843
$435.8K
Cap Rate 9%
$338,989
$339.0K
Market Conditions
NOI Build-Up for 2,124 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
$45.9K $21.60/SF
− Vacancy
−$2.3K −$1.08/SF
EGI
$43.6K $20.52/SF
− OpEx
−$13.1K −$6.16/SF
NOI
$30.5K $14.36/SF
Area
Merrimack County, NH
Vacancy
5.00%
Lease Rate
$21.60 /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%
$610,180
Cap Rate 7%
$435,843
Cap Rate 9%
$338,989
Alternative Uses
Best Use
Multifamily LT 5
$435.8K
$381.4K – $508.5K
NOI $30,509 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$401.6K
$351.4K – $468.6K
NOI $28,114 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$553.0K
$483.9K – $645.2K
NOI $38,713 @ 7.0% cap · market cap 8.15%
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
1,123
Businesses Nearby
Explore this area
Business Placement
Demographics for 03301, NH
33,352
Population
14,486
Households
2.3
Avg Household Size
43
Median Age
42%
College-Educated
92%
High-School Grad
49.2 sq mi
ZIP Area
678
Density / Sq Mi
$85,943
Median Household Income
$49,749
Median Earnings
$1,355
Median Rent
$344,300
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 - Two residential units offer private porches, shared outdoor space, and off-street parking.
Where is this duplex located?
The property is located at 75 Centre Street Concord, NH.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Two‑unit duplex with 1 bedroom, 1 bath and 2 bedrooms, 1 bath; Larger unit includes an additional bonus room and was rebuilt several years ago; Hardwood floors and an open‑concept first floor in the larger unit
