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30952787
30952804

5 Merchant St, Walpole, NH 03609

RI
NH NH 007535
Re/Max Town & Country
Listed by Re/Max Town & Country
$1,350,000
85 days on market
Updated 85 days ago

5-9 Merchant St,

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 9,373
Units 14
Price per SqFt $144
Broker Co-Op No
Year Built 1890
Year Renovated 2025
Buildings 2
Stories 3
Acreage 0.340

Multifamily | 14 Units | $96,429/unit

Marketing description

Excellent 14-Unit Investment Opportunity – North Walpole, NH Discover a solid, income-producing property that checks all the boxes for both stabilityand 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 alreadycompleted updates in nearly every apartment, featuring modern kitchens, fresh paint, new flooring, and other thoughtful improvements—only one unit remains ready foryour finishing touch. With long-term attentive tenants, these buildings run smoothly and enjoy an excellent reputation in the neighborhood. Additional highlights include aone-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 yournet operating income. This is a turnkey investment with strong performance, proven stability, and clear pathways for growth.

Investment highlights

Listing Contacts

RI
NH NH 007535
Re/Max Town & Country
Listed by Re/Max Town & Country

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Additional Information

Name
Robert Inman
License
NH 007535
Brokerage
RE/MAX Town & Country
Title
Managing Broker
Brokerage Address
117 West Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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