List Price: $1,250,000 | $107 per sq.ft. Multi Family
Price Change! Reduced by $100,000 down 8% on March 7th 2026
A 14 Unit Multi Family Home
With 6 One Bedroom Units , 6 - Two Bedroom Units ,2 - Three Bedroom Units
Date Listed Friday Nov 7, 2025 | MLS# 5069029


To see this Listing
call
603-643-3942
Email Star Johnson

Address: 5 - 9 Merchant Street Walpole NH
Listed by Robert Inman RE/MAX Town & Country
Description:
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.
Annual Expenses

Taxes: $25,351
Income
Gross Income | $195,060
NetIncome | $105,270
Construction: Wood Frame
Year Built: 1892
Style: Apartment Building
Floors | Stories: 2.5
No. Elevators:
Total Sq.Ft. Finished: 14862
Above Grade Sq.Ft.: 11690
Basement: Dirt | Exterior Access
Roof: Metal | Asphalt Shingle
Seasonal: No
Heating: Propane
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable at Site
Electric Meters:
Gas_Meters: 14
Water: Public
Sewer: Public
Land Information
Level
Lot size: 0.33 acres
Zoned: residential)
Surveyed: Unk
Flood Zone: No
Road Frontage: 118
Driveway: Gravel
Additional Information
Block - 0
Taxes $25,351
Assesed Value Not Reported
Schools

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5 Old Nugget Alley, Hanover, NH 03755 603-643-3942
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Copyright © 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated April 23rd, 2026

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