720 KEARSARGE RD North Conway NH 03860-5389

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.​

• 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)