Historic Victorian Multifamily
221 Atlantic Avenue North Hampton, NH 03862
For Sale
$1,175,000
MULTI_FAMILY - Victorian - North Hampton, NH
Property Size4,649 SF
Lot Size0.87 Acres
Price / SF$252.74
Days on Market86
Property Features for 221 Atlantic Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Rooms
Basement
Parking features
Driveway, Off Street, Garage
Patio and Porch features
Porch, Deck
Exterior features
Barn, Deck, Porch
Appliances
Electric Water Heater, Tank Water Heater
Standard status
Active
Size
4,649 SF
Lot size
0.87 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10819
Utilities
Utilities
Cable Available
Heating system
Electric (Heating), Oil, Steam
Water source
Public
Building Details
Year built
1896
Floors in Building
3
Number of units
3
Flooring type
Hardwood, Laminate, Carpet, Tile
Building materials
Clapboard Exterior, Combination Exterior
Roof type
Shingle, Slate
Architectural style
Victorian
Listing Agency:
Duston Leddy Real Estate
(603) 610-8285
Listed By:
Kirstin Stallkamp
(603) 661-8127
Added: May 6
Changed: Jul 11
Last Checked: Jul 30 at 10:06AM
MLS# 5087322
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 Victorian-era multifamily property features a main home with historic interior details, including tin ceilings, true bow and bay windows, and stained glass windows. The offering is a residential income setup currently generating rental revenue. Additional on-site improvements include a detached 3-car garage with a full second story and a separate 2-car garage with a private office space. A 40' x 60' post-and-beam barn is also included and currently set up with storage stalls. Lot size is 0.87 acres and the property size is 4,649 square feet.
Located at 221 Atlantic Avenue in North Hampton, New Hampshire (03862) within Rockingham County, the property is zoned R2. Public remarks describe the current NOI as over $100K, and also note that rents are under market. The site includes multiple accessory structures, offering flexibility for storage, workspace, or future reconfiguration depending on buyer goals.
For buyers and operators seeking a distinctive income property with substantial outbuilding space, the combination of rental apartments, detached garage capacity, and a large barn can support a range of ownership strategies. The layout provides multiple dedicated areas beyond the main residence, including a garage second story and an office within the 2-car garage, which may be useful for day-to-day operations or future adaptation.
Located at 221 Atlantic Avenue in North Hampton, New Hampshire (03862) within Rockingham County, the property is zoned R2. Public remarks describe the current NOI as over $100K, and also note that rents are under market. The site includes multiple accessory structures, offering flexibility for storage, workspace, or future reconfiguration depending on buyer goals.
For buyers and operators seeking a distinctive income property with substantial outbuilding space, the combination of rental apartments, detached garage capacity, and a large barn can support a range of ownership strategies. The layout provides multiple dedicated areas beyond the main residence, including a garage second story and an office within the 2-car garage, which may be useful for day-to-day operations or future adaptation.
Key Highlights
- Victorian home built in 1896 with clapboard exterior and shingle/slate roof
- Rental revenue property with stated NOI over $100K and under‑market rents
- Detached 3‑car garage with a full second story ready for conversion or storage
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 | $117.2k | $25.20 |
| − Vacancy | −$5.3k | −$1.13 |
| EGI | $111.9k | $24.07 |
| − OpEx | −$33.6k | −$7.22 |
| NOI | $78.3k | $16.85 |
4,649 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$979.0K – $1.31M
NOI $78,318 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$1.01M
$881.8K – $1.18M
NOI $70,547 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$1.55M
$1.35M – $1.81M
NOI $108,345 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Triplex - Income-producing rental apartments within a distinctive Victorian residence, plus detached garages and a post-and-beam barn on 0.87 acres.
Where is this triplex located?
The property is located at 221 Atlantic Avenue North Hampton, NH.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Victorian home built in 1896 with clapboard exterior and shingle/slate roof; Rental revenue property with stated NOI over $100K and under‑market rents; Detached 3‑car garage with a full second story ready for conversion or storage
