12 Grondin Drive, Farmington, NH

Property Description

12 Grondin Drive sits in Farmington, New Hampshire — a residential income offering 10,800 square feet of living space. The asking price is $1,375,000. Income properties in this market benefit from steady year-round tenant demand plus the seasonal visitor economy. Beyond the basics, the listing carries garage parking for 8, 1980 construction and roughly $127 per square foot. See the listing's full details below, and reach out for a private showing of 12 Grondin Drive.

12 Grondin Drive is a three-story, eight (8) unit residential building containing eight (8) 2-Bedroom/1-Bathroom units with 10,800 square feet of gross living area situated on a 0.69-acre parcel in Farmington, New Hampshire. The Property is separately metered for electricity which the tenants pay directly. The Landlord is responsible for trash and recycling removal. Off-street parking is available on site. The Property is 100% occupied and was substantially renovated in 2025 with over $133,000 in capital improvements. In-place gross scheduled rent is $13,150 per month ($157,800 annually) across units ranging from $1,350 to $1,825 per month. Net Operating Income is $98,840 reflecting a 7.19% capitalization rate at the asking price of $1,375,000 ($171,875 per unit). An adjacent 3.16-acre parcel is available separately at $70,000 and may be acquired in combination with the building upon request. Showings by appointment only. Do not disturb occupants.

Location Highlights

12 Grondin Drive is a residential income in Farmington, New Hampshire, listed at $1,375,000. That works out to about $127 per square foot, for a home built in 1980. It has been on the market for 7 weeks.

At this latitude, Farmington averages roughly 8.4 hours of sun a day in June and 3.6 in December.

Property Details

Essentials & finishes