5 - 9 Merchant Street Walpole NH 03609 Multi Family Price Change!reduced by $100,000 now $1,250,000

Price Change! reduced by $100,000 down 8% on March 7th 2026
$1,250,000 | $107 per sq.ft. Under Contract A 14 Unit Multi Family Home, in Walpole NH With 6 - One Bedroom Units | 6 - Two Bedroom Units | 2 - Three Bedroom Units MLS# 5069029

Listed by Robert Inman RE/MAX Town & Country on November 7th 2025
5 - 9 Merchant Street Walpole NH 03609

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.
Gross Income : $195060
Net Income: $

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CONSTRUCTION

Wood Frame | Year Built: 1892
No. of Floors:2.5
Total Sq.Ft. Finished: 11690
Above Grade Sq.Ft.: 11690
Apx Below Grade Unfinished Sq.Ft.: 2172
Price Per SQ.FT. 106.93
Basement: Dirt | Exterior Access
Heating: Propane
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable at Site
Electric Meters:
Gas_Meters: 14

Style: Apartment Building
Roof: Metal | Asphalt Shingle
Water: Public
Sewer: Public
Seasonal: No

LAND LOT INFORMAITION

Lot Description: Level
Lot size: 0.33 acres
Zoned: residential
Surveyed: Unk
Flood Zone: No
Road Frontage: 118
Driveway: Gravel

PROPERTY INFORMATION

Taxes $25,351

AREA INFORMATION

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