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$1,065,000
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Property 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.
Full Property Details
Full Property Details for 5 - 9 Merchant St
General
- Sold For: $1,065,000
- Taxes: $25,351 (2024)
- Status: Closed
- Type: Multi-Family
- Source: PrimeMLS
- MLS ID: 5069029
- Added to Site: 302 day(s) ago
Parking
- Garage: Yes
- Garage Spaces: 1
Location
- County: Cheshire
Heating & Cooling
- Cooling Type: None
- Heating Type: Propane
- Furnaces: 14
- Water Heaters: 14
Utilities
- Sewer: Public
- # Gas Meters: 14
Structural Information
- Construction Status: Existing
- Basement: Yes
- Basement Entrance: Walk-up
- Basement Desc.: Dirt, Exterior Access
- Roof: Asphalt Shingles, Metal
- Stories/Levels: 2.5
- Finished Total: 11,690 Sq. Ft.
- Finished Above Grnd: 11,690 Sq. Ft.
- Year Built: 1892
Unit Information
- 1 Bedroom Units: 6
- 2 Bedroom Units: 6
- 3 Bedroom Units: 2
- Units w/Refrigerators: 13
- Units w/Range/Oven: 13
Lot Features
- Lot Size (Acres): 0.33
- Lot Size (Sq. Ft.): 14,375
- Frontage: Yes Road Frontage
- Frontage Feet: 118
- Driveway/Sidewalk: Gravel
- Zoning: residential
Financial Considerations
- Price Per Sq. Ft.: $106.93
- Tax Amount: $25,351
- Tax Year: 2024
Disclosures and Reports
- Lot Number: 106
Listed by RE/MAX Town & Country, Robert Inman
Sold by Four Seasons Sotheby's International Realty, Andrew. Peterson
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Schools
Schools serving 5 - 9 Merchant St
School District:Fall Mountain Regional School District
| Name | Grades | Distance |
|---|---|---|
Fall Mountain Regional High School 134 Fmrhs Road, Langdon, NH 03602 | 9-12 | 2.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5 - 9 Merchant St
Date
Details
Price
Change
Source
7/27/2026
Sold
$1,065,000
-14.8%
MLS
3/07/2026
Price Reduced
$1,250,000
-7.41%
MLS
11/07/2025
Listed
$1,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5 - 9 Merchant Street, Walpole, NH 03609 (MLS# 5069029) is a Multi-Family property that was sold at $1,065,000 on July 27, 2026. Want to learn more about 5 - 9 Merchant Street? Do you have questions about finding other Multi-Family real estate for sale in Walpole? You can browse all Walpole real estate or contact a Coldwell Banker agent to request more information.

