www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
32230634
32297716

720 Kearsarge Rd, Conway, NH 03860

$1,250,000
110 days on market
Updated 32 days ago

Isaac Merrill House | Historic Inn & 17-Room Investment

Details
Property Type Hospitality, Multifamily
Sub Type Apartment Building
Square Footage 7,800
Net Rentable (SqFt) 7,400
Units 17
Cap Rate 9.55%
NOI $119,432
Occupancy 100%
Pro-Forma Cap Rate 11.6%
Pro-Forma NOI $145,000
Price per SqFt $160
Broker Co-Op Yes
Class C
Year Built 1773
Buildings 1
Stories 2
Acreage 0.610
Zoning RA
Parking Spaces 16 spaces
Parking Per SqFt 2.05
Investment Type Value Add
Occupancy Date 03/12/2026
Ground Lease No
Ownership Fee Simple

Hospitality | 9.5% CAP | 17 Keys

Marketing description

PRICE IMPROVEMENT! The Isaac Merrill House presents a rare opportunity to acquire a historic income-producing property in one of New Hampshire’s most desirable mountain destinations. Originally built in 1773 and long known as the Isaac Merrill House Bed & Breakfast, the property is currently configured as a 17-room boarding house with shared kitchen and living spaces serving the Mount Washington Valley workforce housing market.

The property currently generates over $212,000 in annual gross rental income and approximately $119,000 in net operating income, offering investors an attractive in-place return at the newly improved price point, with additional upside through operational improvements or future repositioning.

Located on Kearsarge Road just minutes from North Conway Village, Cranmore Mountain Resort, and the area's shops and restaurants, the property benefits from year-round tourism and strong local housing demand. The flexible layout offers multiple future possibilities, including continued workforce housing, group lodging, boutique inn operations, or conversion back to a Bed & Breakfast (subject to local approvals).

With its historic character, established income stream, and prime Mount Washington Valley location, the Isaac Merrill House represents a compelling investment opportunity in one of New England's most visited four-season resort markets.

Investment highlights

• PRICE IMPROVEMENT - Now offered at $1,250,000

• Historic 1773 Isaac Merrill House

• 17 income-producing rooms with established rental history

• $212K+ annual gross income / ~$119K NOI

• Approx. 9.5% cap rate at current asking price

• Prime North Conway location near Cranmore Mountain & North Conway Village

• Multiple future use possibilities including workforce housing, boutique inn, group lodging, or B&B conversion (subject to approvals)

Listing Contacts

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$119,432.00
$9,952.67/mo

Valuation Metrics

0
DSCR
9.55%
Cap Rate
9.55%
ROI

Map

Zoning

Intelligence Badge
RA MixedMixed UseResidential And Agricultural District
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 115 uses
View all 115 uses
Last updated Jun 2, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591