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Listed by Robert Inman • RE/MAX Town & Country
$ 1,350,000
Est. payment /mo
New
5 - 9 Merchant ST Walpole, NH 03609
11,690 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 11,690 sqft
Price per Sqft $115
MLS Listing ID 5069029
Construction Status Existing
Year Built 1892
Annual Tax Amount $25,351
Tax Year 2024
Lot Size 0.330 Acres
Acres 0.33
Property Description
Excellent 14-Unit Investment Opportunity – North Walpole, NH Discover a solid, income-producing property that checks all the boxes for both stability and 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 already completed updates in nearly every apartment, featuring modern kitchens, fresh paint, new flooring, and other thoughtful improvements—only one unit remains ready for your finishing touch. With long-term attentive tenants, these buildings run smoothly and enjoy an excellent reputation in the neighborhood. Additional highlights include a one-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 your net operating income. This is a turnkey investment with strong performance, proven stability, and clear pathways for growth.
Location
State NH
County Nh-cheshire
Area Nh-Cheshire
Zoning residential
Rooms
Basement Entrance Walk-up
Basement Dirt, Exterior Access
Interior
Cooling None
Exterior
Garage Spaces 1.0
Utilities Available Cable at Site
Roof Type Metal,Asphalt Shingle
Building
Story 2.5
Sewer Public
Architectural Style Apartment Building
Construction Status Existing
