5-9 Merchant St - Apartments FOR SALE


North Walpole, NH 03609
$1,350,000 USD
603-357-4100
5-9 Merchant St, North Walpole, NH for Sale
$1,350,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

5-9 Merchant St
North Walpole, NH 03609


OVERVIEW

Excellent 14-Unit Investment Opportunity – North Walpole, NH Discover a solid, income-producing property that checks all the boxes for both stabilityand future upside! These two side-by-side apartment buildings offer a total of 13 well-maintained units and a 14th unit to be finished. The owners have alreadycompleted updates in nearly every apartment, featuring modern kitchens, fresh paint, new flooring, and other thoughtful improvements—only one unit remains ready foryour finishing touch. With long-term attentive tenants, these buildings run smoothly and enjoy an excellent reputation in the neighborhood. Additional highlights include aone-car garage that can generate extra income and a huge unfinished area spanning two upper floors—perfect for adding a spacious new apartment or two smaller units.Current rents include some utilities, but with the individual meters that are already installed, there’s potential to transition to tenant-paid utilities and further increase yournet operating income. This is a turnkey investment with strong performance, proven stability, and clear pathways for growth.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$144 USD /SF

# OF UNITS

14

PRICE/UNIT

$96,429

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

Residential

APN/PARCEL ID

WLPO M:00028 L:000106 S:000000

ASK ABOUT THIS PROPERTY

Bert InmanRE/MAX Town & CountryMore Info
603-357-4100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Bert InmanRE/MAX Town & CountryMore Info
603-357-4100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.