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Four-Unit Residential Income Property

123 Agassiz Street Bethlehem, NH 03574

123 Agassiz Street, Bethlehem, NH, 03574
$450,000
For Sale
Claim this Listing
$450,000

MULTI_FAMILY - Other - Bethlehem, NH

Property Size2,256 SF
Lot Size0.17 Acres
Price / SF$199.47
AddedMar 30
Days on Market107
Last RefreshJul 14 at 4:06 pm

Property Features for 123 Agassiz Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
RES
Rooms
Basement
Patio and Porch features
Porch
Exterior features
Covered Porch
Standard status
Active
Size
2,256 SF
Lot size
0.17 Acres

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
3685

Utilities

Utilities
Cable Available
Heating system
Baseboard, Propane (Heating)
Water source
Public

Building Details

Year built
1900
Floors in Building
3
Number of units
4
Building materials
Vinyl Siding
Roof type
Metal
Architectural style
Other

Listing agent Derek Greene License #SBR004802

Listing office Derek Greene 4 Field Way, Townsend, NH

Listing date Mar 30, 2026

MLS# 5081258 Listing URL

Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This four-unit residential income property is available for sale individually, or as part of a larger 19-unit Grafton County portfolio. The building has undergone significant capital work, including a new metal roof installed in 2020, rebuilt exterior 3rd-floor egress completed in 2024, and a high-efficiency propane furnace installed in 2025. Three of the four apartments were fully renovated in 2024. The exterior siding is described as aged but cosmetic, with powerwashing noted as the primary remaining work. The property is being marketed with a strategic vacancy and projects Pro Forma Gross Income over $80,000 annually at 2026 market rates.

The property is located at 123 Agassiz Street in Bethlehem, New Hampshire (03574), on a 0.17-acre lot and totaling 2,256 square feet. Zoning is listed as RES.

Showings are available via lockbox for empty units, with a full walkthrough provided upon accepted offer.

Key Highlights

  • 4‑unit property with three apartments fully renovated in 2024
  • New metal roof installed in 2020
  • Rebuilt 3rd‑floor egress completed in 2024

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $33.8k $15.00
− Vacancy −$1.9k −$0.83
EGI $32.0k $14.17
− OpEx −$9.6k −$4.25
NOI $22.4k $9.92
2,256 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$319.8K
$279.8K – $373.1K (±1% cap)
NOI $22,385 @ 7.0% cap · market cap 4.97%
Second Best
Apartment 5plus
$293.0K
$256.4K – $341.8K (±1% cap)
NOI $20,510 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$496.3K
$434.2K – $579.0K (±1% cap)
NOI $34,738 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Auto Repair Shop Plumbing Service Furniture & Home Goods Building Supply Bakery Carpet & Flooring Store Hair Salon Pet Grooming Service Real Estate Agency Garden Center

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Quadplex - Four-unit building with major capital improvements including a new metal roof, updated egress, and a new propane furnace.
Where is this quadplex located?
The property is located at 123 Agassiz Street Bethlehem, NH.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 4‑unit property with three apartments fully renovated in 2024; New metal roof installed in 2020; Rebuilt 3rd‑floor egress completed in 2024
Contact an agent
More about this property
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