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Listed by Bill Kibby • RE/MAX Realty One • Cell: 603-828-5724
$600,000
Est. payment /mo
4 Beds
4 Baths
2,100 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 2,100 sqft
Price per Sqft $285
MLS Listing ID 5090574
Bedrooms 4
Full Baths 4
Construction Status Existing
Year Built 1984
Annual Tax Amount $8,414
Tax Year 2025
Lot Size 1.500 Acres
Acres 1.5
Property Description
Rare duplex investment opportunity in one of Derry's most desirable neighborhoods. -- True income-producing duplexes in this quiet, established area seldom come to market, and this one is vacant and ready to rent from day one. With estimated rents of approximately $2,100 per unit per month plus utilities, this property offers strong cash flow potential with no HOA fees. Each separately metered 2-bedroom unit includes 1.5 bathrooms, creating a functional layout attractive to long-term tenants. Unit A, the larger of the two, features its own front entrance, private deck, and walk-out basement. Unit B offers the same sense of independence with a separate side entrance, private deck, and walk-out basement, giving each tenant the feel of a standalone home. Situated on a private 1.5-acre corner lot, this eastern side of Derry attracts exactly the type of tenants investors want: small families and established professionals who value peace, privacy, and the highly regarded Pinkerton Academy school district, and who tend to stay longer. Quick access to Route 111 and Route 125 provides an easy commute to Salem, Haverhill, and the Atkinson and Kingston corridors, expanding the potential tenant pool considerably. Recent capital improvements include new vinyl siding (2022), replacement windows (2013), PEX plumbing throughout (2024), both water heaters replaced, driveway paved and sealed, generator hook-up unit A, and electricity added to the workshop. The spacious paved driveway offers ample parking for both units, while two outbuildings, including a storage shed and electrified workshop, provide genuine tenant amenities that can support stronger rents and lower vacancy. In a market where quality multi-family inventory remains limited, and many investors are still searching for properties with both upside potential and manageable near-term maintenance, this may be the kind of opportunity worth taking a closer look at. *Next Open House changed to Sunday 5/31 at 10:00 am.
Location
State NH
County Nh-rockingham
Area Nh-Rockingham
Zoning LMDR
Rooms
Basement Entrance Interior
Basement Concrete, Unfinished, Walkout
Interior
Cooling None
Exterior
Utilities Available Cable
Roof Type Asphalt Shingle
Building
Story 2
Sewer Septic
Architectural Style Duplex
Construction Status Existing
Schools
Elementary Schools East Derry Memorial Elem
Middle Schools Gilbert H. Hood Middle School
High Schools Pinkerton Academy
School District Derry School District Sau #10
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