9 Merchant St North Walpole, NH 03609
Estimated payment $9,215/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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
MLS Number: 5069029
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