PRICE IMPROVEMENT! The historic Isaac Merrill House presents a unique investment opportunity in the heart of North Conway. Originally established in 1773 and long operated as a well-known bed & breakfast, the property is currently configured as a 17-room extended-stay rental property serving the Mount Washington Valley workforce housing market. Generating over $212,000 in annual gross income, the property offers immediate cash flow with future upside potential. Seller financing available for qualified buyers. Located on sought-after Kearsarge Road, just minutes from North Conway Village, Cranmore Mountain Resort, Schouler Park, Story Land, shopping, dining, and year-round recreation. The flexible layout offers multiple possibilities for future use, including continued workforce housing, group lodging, boutique inn operations, or potential conversion back to a bed & breakfast, subject to local approvals. Showings by appointment only to accommodate current residents.
Multi-familyProperty Type
1773Year Built
0.61 acresLot Size
$154Price/Sq.Ft.
16 spacesParking
Listed by Pamela Adami• Keller Williams Coastal and Lakes & Mountains Realty
Listed by Rick Adami• Keller Williams Coastal and Lakes & Mountains Realty
Multiple units with one-floor layouts (unit-level details available)
Bathrooms
17 full bathrooms
Kitchen
Refrigerator included
Electric range/oven hookups
Laundry & utility
No specific laundry details listed
Flooring
Wood flooring
Carpet
Heating & cooling
Electric heating
Radiant heating
Exterior features
Porch
Deck
Balcony
Scenic views
Home design
5+ family rooming house
2 stories
Yellow exterior color
Public road frontage (paved, 125' frontage)
Level lot
Parking
16 off-street parking spaces
Common unpaved parking area
Security
No specific security features listed
Construction
Frame construction
Granite foundation
Shingle roof
Built (year from public records)
Utilities
Public water
Public sewer
200+ amp electric service with circuit breakers
HOA & community
Not a senior community
Nearby community features include shopping, parks, walk/jog trails, medical facility, bike path, conservation area, house of worship, and public school
Financial info
No investor or income/expense details provided
Other
Personal property of tenants excluded; only seller-owned property will convey
Electricity and solar
View estimated energy costs and solar savings for this home
EXCELLENT CASH FLOW AND INCOME on this very profitable, high income producing, 17-unit, inn style residential housing complex. Exceptional location just outside North Conway Village, New Hampshire. Property was operated as a successful Inn for many years but current owner is going on 4 years operating as a full-time residential housing complex. Highly competent, live on site, professional property & maintenance manager make it easy to own! Over the years, owner has made many improvements, streamlined operations and expenses, mastered the leasing and cash flow aspects of this investment, and driven rents up! Above grade, full time tenancy and an ongoing area housing shortage are a BIG plus! This is a financially successful, turn key operation. On site apartment for owners vacation or full-time lodging needs! Qualified buyers only please! Owner is retiring.
PrimeMLS #1
May 6, 2021
Price Changed
$1,045,000
$134/sq ft
May 20, 2020
Price Changed
$1,145,000
$147/sq ft
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Style
Multi-Family (5+ Unit)
County
Carroll County
APN
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Basement
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Last updated by owner on Jul 25, 2025.
Historical weather
North Conway, NH • 03860
Average low and high temperatures (°F)
28
12
32
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44
26
55
36
65
47
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81
63
78
58
74
53
61
41
46
32
32
17
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Jul
Aug
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Oct
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Dec
Sun exposure
91/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.7 hrs
5.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 720 Kearsarge
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