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.
Active under contract
Listed by: RE/MAX Town & Country • Robert Inman
$1,250,000
5 - 9 Merchant Street, Walpole, NH 03609
--beds
--baths
11,690sqft
Multi Family
Built in 1892
-- sqft lot
$1,175,500 Zestimate®
$107/sqft
$-- HOA
What's special
One-car garageWell-maintained unitsNew flooringFresh paintModern kitchens
- 236 days |
- 71 |
- 1 |
Zillow last checked:
Listing updated:
Listed by:
Robert Inman,
RE/MAX Town & Country 603-357-4100
Source: PrimeMLS,MLS#: 5069029
Facts & features
Interior
Heating
- Propane
Cooling
- None
Features
- Basement: Dirt,Exterior Entry,Walk-Up Access
Interior area
- Total structure area: 14,862
- Total interior livable area: 11,690 sqft
- Finished area above ground: 11,690
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Gravel
- Garage spaces: 1
Features
- Levels: 2.5
- Frontage length: Road frontage: 118
Lot
- Size: 0.33 Acres
- Features: Level
Details
- Zoning description: residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame
- Foundation: Granite
- Roof: Metal,Asphalt Shingle
Condition
- New construction: No
- Year built: 1892
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable at Site
Community & HOA
Location
- Region: North Walpole
Financial & listing details
- Price per square foot: $107/sqft
- Annual tax amount: $25,351
- Date on market: 11/9/2025

Robert Inman
(603) 355-9417
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Estimated market value
$1,175,500
$1.12M - $1.23M
$2,072/mo
Price history
| Date | Event | Price |
|---|---|---|
| 3/8/2026 | Price change | $1,250,000-7.4%$107/sqft |
Source: | ||
| 11/9/2025 | Listed for sale | $1,350,000+25%$115/sqft |
Source: | ||
| 6/29/2021 | Sold | $1,080,000-1.8%$92/sqft |
Source: | ||
| 5/4/2021 | Contingent | $1,100,000$94/sqft |
Source: | ||
| 3/15/2021 | Listed for sale | $1,100,000$94/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 03609
Nearby schools
GreatSchools rating
- 6/10North Walpole Elementary SchoolGrades: 2-4Distance: 0.1 mi
- 7/10Walpole Middle SchoolGrades: 5-8Distance: 3.9 mi
- 2/10Fall Mountain Regional High SchoolGrades: 9-12Distance: 2.6 mi
- New Hampshire
- Cheshire County
- Walpole
- 03609
- 5 - 9 Merchant Street





