36 Prospect St · Claremont, NH 03743

$250,000

6 bd · 2.0 ba · 2,322 sqft · MultiFamily public records · 63 Days on market

Built 1900 9,147 sqft lot $108/sqft · 21% above area Est $207k · 21% over

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +5.1/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

A well maintained two-unit multifamily situated on a level in town lot with a shared driveway. The property features a detached 2 car garage, as well as ample parking for tenants, newer vinyl windows throughout and paint. The first-floor unit offers 2 bedrooms and 1 full bath, along with a private porch. The second-floor unit is spacious, features 4 bedrooms, additional storage space, and its own private porch as well! A great opportunity for owner-occupants and investors alike!

Key facts

• 9,147 sq ft lot
• Built 1900
• Listed 63 days

What this means for you Summary

Snapshot

• This is a 6-bed/2.0-bath multifamily listed at $250k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $250k).
• Recommended offer: $235k (6.0% below list) — sets the bar for market timing.
• Cap rate 11.8% vs local median 3.2% in Claremont — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 69/100 on livability (#50 in NH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, housing A; Watch: employment C-, schools D-, amenities F.
• Claremont School District (town): math 24% / reading 35% proficiency, ranked #85 of 98 in NH (top 87%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: 58 active listings in the ZIP; 98 units permitted in Sullivan County in 2024 (0 in 5+ unit buildings).
• At $3,792/mo this rent would consume 76% of the median local household income ($60k/yr) (locally 642% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $2k of equity ($2k loan paydown + $504 appreciation (0.2% local appreciation)).
• Sullivan County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (0.2% appreciation + 3.0% rent growth), your $70k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 63 days — a 6% lower offer ($235k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 26y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $30k; list at $250k implies a 740% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $235,000 (6.0% below list)

Questions for the listing agent

1. It's been on market 63 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.52% ✓
• Cap rate: 11.84%
• Cash-on-cash: 19.83%
• DSCR: 1.88
• GRM: 5.5

CMA / ARV

• ARV (median comp): $207,443
• List price: $250,000
• Delta: 20.51%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
88 Pleasant St	0.23mi	5/3.0 (-1)	2,268 (-2%)	3mo	$215,000	$95	74
184 Sullivan St	0.49mi	5/2.0 (-1)	2,250 (-3%)	9mo	$195,000	$87	60
62 Pearl St	0.32mi	6/3.0	2,549 (+10%)	14mo	$260,000	$102	53
69 Tremont St	0.54mi	5/3.0 (-1)	2,140 (-8%)	9mo	$225,000	$105	45
3 Schmitt St	0.64mi	5/2.0 (-1)	2,558 (+10%)	17mo	$250,000	$98	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

0.2% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 20.1%
• Equity multiple: 1.98×
• Total profit: $68,848
• Equity at exit: $75,122

10-year hold

• IRR: 24.1%
• Equity multiple: 3.73×
• Total profit: $190,815
• Equity at exit: $92,345

Cash invested: $70,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 56 Moderately Landlord-Leaning
• State New Hampshire: 56 Moderately Landlord-Leaning · D+1
• County: — inherits STATE
• City: — inherits STATE

Has just-cause statute; 30-day notice; landlord-leaning vs. neighbors.

Methodology + full state rankings →

ZIP-level market 03743

• Home prices YoY: 0.1%
• Active inventory: 58
• Price-to-rent: 12.5×

Monthly cashflow live

• Estimated rent: $3,792 medium
• Mortgage (P&I): −$1,311
• Tax from tax record: −$424 /mo · $5,088/yr
• Insurance: −$104
• HOA: −$0
• Vacancy / Maint / Mgmt: −$796
• Net cashflow: $1,156

Break-even live

Break-even rent $2,328

Max offer price $250,000

Occupancy floor 64%

Sensitivity live

Price	-10% $1,298	-5% $1,227	+0% $1,156	+5% $1,086	+10% $1,015
Rent	-10% $857	-5% $1,007	+0% $1,156	+5% $1,306	+10% $1,456
Rate	-1.0pp $1,282	-0.5pp $1,220	base $1,156	+0.5pp $1,092	+1.0pp $1,026

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
1× unit	2	1	$1,665
1× unit	4	1	$2,127
Total (2 units)			$3,792

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $62,500
• Closing costs: $7,500
• Reserves months: —
• Total cash needed: —

Listing history 33 events

1. 2026-06-19
   days on market $250,000 Active 63 DOM
2. 2026-06-18
   days on market $250,000 Active 62 DOM
3. 2026-06-17
   days on market $250,000 Active 61 DOM
4. 2026-06-16
   days on market $250,000 Active 60 DOM
5. 2026-06-15
   days on market $250,000 Active 59 DOM
6. 2026-06-14
   days on market $250,000 Active 57 DOM
7. 2026-06-12
   days on market $250,000 Active 56 DOM
8. 2026-06-09
   days on market $250,000 Active 53 DOM
9. 2026-06-08
   days on market $250,000 Active 52 DOM
10. 2026-06-07
    days on market $250,000 Active 51 DOM
11. 2026-06-05
    days on market $250,000 Active 48 DOM
12. 2026-06-03
    days on market $250,000 Active 47 DOM
13. 2026-06-02
    days on market $250,000 Active 46 DOM
14. 2026-06-01
    days on market $250,000 Active 45 DOM
15. 2026-05-31
    days on market $250,000 Active 44 DOM
16. 2026-05-30
    days on market $250,000 Active 43 DOM
17. 2026-04-17
    listed $250,000 Active 483-char remark

    Show marketing remark (483 chars)

    A well maintained two-unit multifamily situated on a level in town lot with a shared driveway. The property features a detached 2 car garage, as well as ample parking for tenants, newer vinyl windows throughout and paint. The first-floor unit offers 2 bedrooms and 1 full bath, along with a private porch. The second-floor unit is spacious, features 4 bedrooms, additional storage space, and its own private porch as well! A great opportunity for owner-occupants and investors alike!

18. 2026-04-07
    historical $250,000 483-char remark

    Show marketing remark (483 chars)

    A well maintained two-unit multifamily situated on a level in town lot with a shared driveway. The property features a detached 2 car garage, as well as ample parking for tenants, newer vinyl windows throughout and paint. The first-floor unit offers 2 bedrooms and 1 full bath, along with a private porch. The second-floor unit is spacious, features 4 bedrooms, additional storage space, and its own private porch as well! A great opportunity for owner-occupants and investors alike!

19. 2019-03-15
    soldstatus $29,766 Closed 348-char remark

    Show marketing remark (348 chars)

    Amazing Income potential is available with this multi-family home. This duplex features a total of 4 bedrooms and 2 baths. 1st unit has 2 bedrooms, 1 bath- 2nd unit has 2 bedroom, 1 bath. Home has a 2 car detached garage and an unfinished basement, on about a 9148 sq. ft. lot. Come watch your income grow. Schedule your visit and make an offer.

20. 2019-02-27
    status Pending 348-char remark

    Show marketing remark (348 chars)

    Amazing Income potential is available with this multi-family home. This duplex features a total of 4 bedrooms and 2 baths. 1st unit has 2 bedrooms, 1 bath- 2nd unit has 2 bedroom, 1 bath. Home has a 2 car detached garage and an unfinished basement, on about a 9148 sq. ft. lot. Come watch your income grow. Schedule your visit and make an offer.

21. 2019-02-09
    price $32,800 348-char remark

    Show marketing remark (348 chars)

    Amazing Income potential is available with this multi-family home. This duplex features a total of 4 bedrooms and 2 baths. 1st unit has 2 bedrooms, 1 bath- 2nd unit has 2 bedroom, 1 bath. Home has a 2 car detached garage and an unfinished basement, on about a 9148 sq. ft. lot. Come watch your income grow. Schedule your visit and make an offer.

22. 2019-01-23
    listed $33,000 Active 348-char remark

    Show marketing remark (348 chars)

    Amazing Income potential is available with this multi-family home. This duplex features a total of 4 bedrooms and 2 baths. 1st unit has 2 bedrooms, 1 bath- 2nd unit has 2 bedroom, 1 bath. Home has a 2 car detached garage and an unfinished basement, on about a 9148 sq. ft. lot. Come watch your income grow. Schedule your visit and make an offer.

23. 2003-12-16
    soldstatus $89,000
24. 2003-12-12
    soldstatus $89,000
25. 2003-10-30
    historical
26. 2003-10-21
    listed $89,900
27. 2002-10-04
    soldstatus $63,000
28. 2002-10-02
    soldstatus $63,000
29. 2002-08-12
    historical
30. 2002-07-19
    listed $65,000
31. 2002-02-20
    historical
32. 2000-05-16
    soldstatus $62,900
33. 2000-05-16
    listed $62,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast NH · Partial reset (capped growth)

• Current annual tax: $5,088 · $424/mo
• Projected year-2 tax: $5,269 · $439/mo
• Expected delta: +$181/yr (+$15/mo · 3.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥92°F today · 18 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 7% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $45,504
• − Mortgage interest: −$14,004
• − Property taxes: −$5,088
• − Insurance: −$1,250
• − Repairs & maintenance: −$3,640
• − Management: −$3,640
• − Depreciation: −$7,273
• Taxable income: $10,609
• Est. tax owed @ 24.0%: −$2,546
• After-tax cash flow: $11,332/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Claremont School District
• NCES district ID: 3302340
• Math proficiency: 24% ▼ -7.00%
• Reading proficiency: 35% ▼ -5.00%
• Median HH income: $43,285
• Composite: 25.11/100
• National rank: #7528
• State rank: #85 of 98 in NH

Livability — Claremont

• Score: 69/100
• State rank: #50
• US rank: #8815

Category grades

Amenities F Commute F Cost of living A+ Crime B Employment C- Housing A Health & safety A+ User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Claremont, NH
• County: Sullivan County · 16,826 people
• City population: 13,704
• Metro: Lebanon, NH-VT
• Population (ZIP): 13,704
• Household income: $59,625
• Rent vs Own: 41.8% rent · 58.2% own
• Severe rent burden: 642.0

Population outlook (Sullivan County) Hauer SSP2

• Today (2025): 41,322 people
• By 2030: 39,910 · -3.4%
• By 2040: 36,447 · -11.8%
• By 2050: 32,917 · -20.3%
• By 2075: 25,997 · -37.1%
• By 2100: 19,479 · -52.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (87%)
• Race & ethnicity: White 87% Two or more races 6% Hispanic / Latino 5% Black 1%
• Hispanic origin (detail): Puerto Rican 4%
• Common ancestry: Lithuanian 18% Slovak 4% Romanian 3%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 3%

Political lean MEDSL · Sullivan

• 2024 margin: Toss-up / Even · D 49.1% · R 49.8% · Other 1.2%
• 2008→2024 swing: -18.7pp toward R · 2008: 18.0pp · 2024: -0.7pp
• All cycles: 2024: R+0.7 2020: D+3.6 2016: R+2.6 2012: D+13.3 2008: D+18.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 0.20%
• Current HPI: 337.0004
• Rent YoY: —
• Metro: Lebanon, NH-VT
• State GDP YoY: —
• F500 in state: 0

Price history

+297.5% since first listed

17 events — show timeline

• 2026-04-17 Listed $250,000 PrimeMLS
• 2026-04-07 Coming Soon $250,000 PrimeMLS
• 2019-03-15 Sold (MLS) $29,766 PrimeMLS
• 2019-02-27 Pending — PrimeMLS
• 2019-02-09 Price Changed $32,800 PrimeMLS
• 2019-01-23 Listed $33,000 PrimeMLS
• 2003-12-16 Sold (Public Records) $89,000 Public Records
• 2003-12-12 Sold (MLS) $89,000 PrimeMLS
• 2003-10-30 Delisted — PrimeMLS
• 2003-10-21 Listed $89,900 PrimeMLS
• 2002-10-04 Sold (Public Records) $63,000 Public Records
• 2002-10-02 Sold (MLS) $63,000 PrimeMLS
• 2002-08-12 Delisted — PrimeMLS
• 2002-07-19 Listed $65,000 PrimeMLS
• 2002-02-20 Delisted — PrimeMLS
• 2000-05-16 Listed $62,900 PrimeMLS
• 2000-05-16 Sold (MLS) $62,900 PrimeMLS

Property tax history

+1.6%/yr

Latest (2025): $5,088 · +4.4% YoY. Source: county tax records.