This multi-family property offers excellent rental potential with two existing units and possibility for a third. Based on Keene's average rent of $1,500-$1,750/month, this property could generate $3,400-$4,400 monthly ($40,800-$52,800 annually) with just the two current units. Unit 1 (3BR/2BA, 1794 sqft) could command $1,800-$2,200, while Unit 2 (1BR/1.5BA, 924 sqft) could fetch $1,600-$1,800. With a purchase price of $249,000, the estimated payback period is 5-6 years before factoring in expenses. The property's location one mile from downtown and recent upgrades (concrete driveway, vinyl siding) enhance its appeal in this stable rental market.

To maximize rental potential, I'd suggest completing the renovation of Unit 1 with modern finishes to command premium rents. For Unit 2, consider optimizing the layout to potentially add a second bedroom, which could increase rent by $200-300 monthly. The possibility of adding a third unit represents significant upside - I'd recommend consulting with a contractor to assess feasibility and costs. For the current owner, highlighting the 5-6 year payback period and the property's proximity to downtown, schools, and the hospital would attract investors looking for steady cash flow in a market with consistently low vacancy rates.