5-9 Merchant St

North Walpole, NH 03609

$1,250,000
Price
—
Beds
—
Baths
11,690 Sq. Ft.
$107 / Sq. Ft.
11,690
Sq. Ft.
$107
per Sq. Ft.
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Active Under Contract
Active Under Contract

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...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.
  1. Listed by Robert Inman • RE/MAX Town & Country

Property Details for 5-9 Merchant Street

Zoning
residential
LISTING UPDATED: 05/29/2026 12:36 PM

Property Details for 5-9 Merchant Street

StatusActive Under Contract
MLS #5069029
Days on Market202
Taxes$25,351 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1892
Lot Size0.33 AC / 14,374 SF
CountyCheshire County
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Location

Listing Courtesy of RE/MAX Town & Country
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Building Information for 5-9 Merchant Street

Stories2Residences14Year Built1892Building Size-Lot Size0.33 AC / 14,374 SF

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$8,341 per month

30 year fixed, 6.36% Interest

Principal and Interest

$6,229

Property Taxes

$2,113

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 5-9 Merchant Street

Summary
Location and General Information
  • City: Walpole
  • County: NH-Cheshire
  • Latitude: 43.140557199822545
  • Longitude: -72.447583084655733
  • Road Frontage: Yes
  • Seasonal: No
  • State: NH
  • Street Designation: Street
  • Map: 28
  • Zip Code: 03609
Taxes and HOA Information
  • Tax Year: 2024
  • Taxes TBD: No
Parking
  • Garage: Yes
  • Garage Capacity: 1.00
  • Driveway: Gravel
Property
Lot Information
  • Block: 0
  • Lot: 106
  • Lot Features: Level
  • Lot Size Acres: 0.33
  • Road Frontage Length: 118.0
  • Total Finished Area: 11690.0
  • Above Grade Finished Area: 11690.0
  • Above Grade Finished Area Source: Public Records
  • Above Grade Unfinished Area: 1000.0
  • AboveGradeUnfinishedAreaSource: Public Records
  • Below Grade Finished Area: 0.0
  • Below Grade Finished Area Source: Public Records
  • Below Grade Unfinished Area: 2172.0
  • BelowGradeUnfinishedAreaSource: Public Records
  • Lot Size Square Feet: 14375.0
  • Total Area: 14862.0
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: No
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1892
Utilities
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable at Site
  • Total Gas Meters: 14
  • Internet: High Speed Intrnt at Site
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame
  • Roof: Metal, Asphalt Shingle
  • Total Ranges: 13
Interior Features
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Dirt, Exterior Access
  • Heating: Propane
  • Cooling: None
  • Total Refrigerators: 13
  • Total Stories: 2.5
  • Total Water Heaters: 14
Multi Family
Income & Expenses Information
  • Gross Income: $195,060.00
  • Net Income: $105,270.00
Multi-Family Information
  • Total Units: 14
  • Total 1 BR Units: 6
  • Total 2 BR Units: 6
  • Total 3+ BR Units: 2
  • Total Heat Units: 14

Property History for 5-9 Merchant Street

DateEvent & SourcePriceAppreciation
May 28, 2026

Active Under Contract

New England Real Estate Network #5069029

—
Nov 7, 2025

Listed (Active)

New England Real Estate Network #5069029

$1,350,000—
Jun 29, 2021

Sold

New England Real Estate Network #4850830

$1,080,000—
DateEvent & SourcePrice
05/28/2026

Active Under Contract

New England Real Estate Network #5069029

—
11/07/2025

Listed (Active)

New England Real Estate Network #5069029

$1,350,000
06/29/2021

Sold

New England Real Estate Network #4850830

$1,080,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 5-9 Merchant Street

This home is within Fall Mountain Regional School District.
Rating
School
Type
Grades
Distance
Walpole Primary School
Public - PK to 1
North Walpole Elementary School
Public - 2 to 4
Walpole Middle School
Public - 5 to 8
Fall Mountain Regional High School
Public - 9 to 12
Rating
School
Distance
Walpole Primary School
PublicPK to 1

North Walpole Elementary School
Public2 to 4

Walpole Middle School
Public5 to 8

Fall Mountain Regional High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Town & Country

Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 07/04/2026 06:26 AM