$1,350,000

9 Merchant St North Walpole, NH 03609

Estimated payment $9,215/month

Total Views 3,048
-- Bed
-- Bath
11,690 Sq Ft
$115 Price per Sq Ft

Highlights

  • 1 Car Garage
  • Level Lot
  • Walk-Up Access

About This Home

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.

Listing Agent

Bert Inman

RE/MAX Town & Country License #081.0003932 Listed on: 11/09/2025

RE/MAX Town & Country

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $25,351

Year Built

  • Built in 1892

Lot Details

  • 0.33 Acre Lot
  • Level Lot

Parking

  • 1 Car Garage
  • Gravel Driveway

Home Design

  • Wood Frame Construction
  • Metal Roof

Interior Spaces

  • Property has 2.5 Levels
  • Basement
  • Walk-Up Access

Utilities

  • Cable TV Available

Listing and Financial Details

  • Tax Lot 106
  • Assessor Parcel Number 28

Community Details

Overview

  • 14 Units

Building Details

  • Gross Income $195,060
  • Net Operating Income $105,270

Property Details

Home Type

Apartment

Est. Annual Taxes

$25,351

Year Built

Built in 1892

Lot Details

0

Parking

1

Listing Details

  • Seasonal: No
  • Property Type: Residential Income
  • Year Built: 1892
  • Display On Internet: High Speed Intrnt at Site
  • Architectural Style: Apartment Building
  • ResoLotFeatures: Level
  • Road Frontage Type: Public
  • MLS Status: (10) Active - Active
  • Above Grade Finished Sq Ft: 11690.0
  • Unit Levels: 2.5
  • ResoPropertyCondition: Existing
  • Flood_Zone: No
  • Foreclosed_Or_Bank_Owned_Or_REO: No
  • Pre_Construction: No
  • Basement_Access_Type: Walk-up
  • Above_Grade_Unfinished_Area_Source: Public Records
  • Below_Grade_Unfinished_Area_Source: Public Records
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Dirt, Exterior Entry
  • Basement YN: Yes

Exterior Features

  • Driveway: Gravel
  • Roof: Metal, Asphalt Shingle
  • Construction Type: Wood Frame
  • Foundation Details: Granite

Garage/Parking

  • Garage Spaces: 1.0
  • Attached Garage: Yes

Utilities

  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Heating: Propane
  • Cooling: None
  • Utilities: Cable Connected
  • Water Source: Public

Lot Info

  • Surveyed: Unknown
  • Zoning: residential
  • Lot Size Acres: 0.33
  • Lot Size Sq Ft: 14375.0

Multi Family

  • Gross Income: 195060.0
  • Number Of Units Total: 14
  • Net Operating Income: 105270.0
  • Number Of Separate Gas Meters: 14

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 25351.0
  • Tax Block: 0
  • Tax Lot: 106
  • Tax Map Number: 28

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/09/2025 11/09/25 For Sale $1,350,000 +25.0% $115 / Sq Ft
06/29/2021 06/29/21 Sold $1,080,000 -1.8% $92 / Sq Ft View Prior Sale
05/04/2021 05/04/21 Pending -- -- --
03/15/2021 03/15/21 For Sale $1,100,000 -- $94 / Sq Ft
Source: PrimeMLS

Source: PrimeMLS

MLS Number: 5069029

PrimeMLS