5 - 9 Merchant Street Walpole, NH

$1,350,000
Square Footage 11,690
Acres 0.33
Photo of 5 - 9 Merchant Street Walpole NH 03609




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.


Listed by RE/MAX Town & Country, Robert Inman 603-357-4100

Details

MLS 5069029
Price $1,350,000
Status Active
DOM 118 days
Type Multi-Family
Style Apartment Building
Square Feet 11,690 sqft
Lot Size 0.33 acres
Year Built 1892
Taxes Paid $25,351

Lot & Building Features

Utilities Cable at Site
Construction Wood Frame
Cooling None
Heating Propane
Sewer Public
Tax Year 2024
Taxes Paid $25,351
Water Public
Basement Description Dirt, Exterior Access
Foundation Granite
Lot Description Level
Roof Metal, Asphalt Shingle
Garage Yes

Map

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Financing

$
20%
1.8778518518519%
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.


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