Listed by Robert Inman • RE/MAX Town & Country. Bought with Four Seasons Sotheby's International Realty.
Sold on jul 2026
$1,065,000
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bd
•
— ba
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11,690
sq ft
5 9 Merchant St, North Walpole, NH 03609
About this home
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.
Multi-familyProperty Type
1892Year Built
0.33 acresLot Size
$91Price/Sq.Ft.
1 car garageParking
Listed by Robert Inman• RE/MAX Town & Country
Bought with Andrew Peterson• Four Seasons Sotheby's International Realty
2 Apartment buildings side by side with total of 14 units with long tern parking lease directly across street from buildings. Owner has gone thru all apts except one, updating with new kitchens, paint, floors, etc. Tenants stay in these buildings a long time as landlord is on site and has made sure the rules are abided by. Property has a one car garage which could be another form of income and a huge unfinished area taking up both 2nd and 3rd floor space that could be a large apt or 2 smaller ones. Tenants can walk to many services both in North Walpole and Bellows Falls. Excellent financials available.
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
Cheshire County
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Last updated by owner on Apr 26, 2023.
Property details
Parking
Parking & Garage
Garage Capacity: 1
Interior
Virtual Tour
Basement Information
Basement: Yes
Basement Access: Walk-up
Multi-Unit Information
Total Units: 14
# of 1 Bedroom Units: 6
# of 2 Bedroom Units: 6
# of 3+ Bedroom Units: 2
Sewer: Public
Electric: Circuit Breaker(s)
Roof: Metal, Shingle - Asphalt
Driveway: Gravel
Heating: Propane
Cooling: None
Basement Description: Dirt, Exterior Access
Exterior
Building Information
Architectural Style: Apartment Building
Construction Status: Existing
Construction Materials: Wood Frame
Approximate Sq. Ft. Total Finished: 11690
Approximate Sq. Ft. Total: 14862
Lot, Zoning, & Easement Information
Lot: 106
Lot Features: Level
Income Information
Net Income: $105,270
Survey Information
Surveyed: Unknown
Other Property & Lot Information
Year Built: 1892
Financial
Tax Information
Tax Year: 2024
Gross Amount Tax: 25351
Other Tax Information
Page Deed: 1329
Utilities
Water Information
Water Source: Public
Other Utilities Information
Internet: High Speed Intrnt -AtSite
Cable - At Site
Location
Road Information
Road Frontage Type: Public
Road Frontage: Yes
Road Frontage Length: 118
Other Location Information
Block: 0
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Cheshire County
APN: —
Home facts updated by county records on Apr 26, 2023
Other
Expense Information
Net Income: 105270
Around this home
Schools
North Walpole Elementary School
Public 2-4 • Assigned • 0.2mi
7/10
Walpole Middle School
Public 5-8 • Assigned • 3.9mi
7/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 94° expected this year, 17 days in 30 years
4/10 Wind Factor
9% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
North Walpole, NH • 03609
Average low and high temperatures (°F)
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14
31
15
46
27
57
36
65
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77
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82
61
78
55
73
50
61
40
47
31
32
18
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Feb
Mar
Apr
May
Jun
Jul
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Sun exposure
84/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.