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    Waterfront Multi-Family and Commercial Property Title is generated by Realmo AI

    226-240 Union Street, Littleton, NH 03561

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    For Sale
    $469,000

    Multi-Family - Littleton, NH

    Property size:
    2,491 SF
    Lot size:
    1.30 Acres
    Price / SF:
    $188/SF
    Added:
    Apr 7, 2026
    Days on Market:
    47
    Last Refresh:
    May 23 at 6:06 am

    Property Features for 226-240 Union Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    C-1
    Rooms
    Basement
    Parking features
    Paved or Surfaced
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Standard status
    Active
    Size
    2,491 SF
    Lot size
    1.30 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7160

    Utilities

    Heating system
    Baseboard, Hot Water (Heating), Oil

    Building Details

    Year built
    1930
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Laminate, Wood
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Nikki Morrison

    Listing agent Nikki Morrison

    Listing office Badger Peabody & Smith Realty/Littleton 11 Riverglen Lane, Franconia, NH

    Listing date Apr 7, 2026

    MLS# 5082473 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.

    HighLights

    • Waterfront property on the Ammonoosuc River.
    • Includes a fully rented 2‑unit apartment building and a separate commercial building generating income.
    • Commercial building has high visibility on a busy main road.
    • Unit 1 features gorgeous woodwork and beautiful wood floors.
    • Renovated Unit 2 with fresh paint and flooring.
    • Level yard with garden space.

    Overview

    This property features a two-unit apartment building with waterfrontage on the Ammonoosuc River, complemented by an additional commercial building. Unit 2 in the apartment building has been renovated with fresh paint and flooring. The unit includes a spacious living room with large windows overlooking the front and back yards, a cozy dining area near the kitchen, and a 3/4 bathroom with a shower on the main level. Upstairs, there are two bedrooms and another 3/4 bathroom with a tub. The lower level, currently used as a bedroom, could serve as a workout space or playroom and connects to the basement laundry area. Unit 1 has two entrances off the covered porch and features a large kitchen with an adjacent bathroom and laundry area. The dining area opens to a spacious living room with woodwork and wood floors, enhanced by large windows for natural light. This apartment offers ample storage, with three bedrooms and a full bath on the second level. Both apartments have access to a level yard suitable for year-round enjoyment, including garden space. The commercial building, approximately 1495 square feet, is currently rented by a florist. The business is not for sale. The storefront benefits from high visibility on a main road and includes refrigerators for showcasing flowers and a back room for preparing arrangements. The property, situated on a 1.3-acre lot, offers on-site parking, river frontage, and future possibilities.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $295.0K
    NOI $26,553 @ 9.00% cap · cautious / downside scenario
    Moderate
    $379.3K
    NOI $26,553 @ 7.00% cap · market / base-case scenario
    Aggressive
    $531.1K
    NOI $26,553 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $40.4k $16.20
    − Vacancy −$2.4k −$0.97
    EGI $37.9k $15.23
    − OpEx −$11.4k −$4.57
    NOI $26.6k $10.66
    2,491 SF · lease $16.20/SF/yr · vacancy 6.00% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $379.3K
    $331.9K – $442.6K (±1% cap)
    NOI $26,553 @ 7.0% cap · market cap 5.66%
    Second Best
    Multifamily LT 5
    $353.1K
    $309.0K – $412.0K (±1% cap)
    NOI $24,717 @ 7.0% cap · market cap 5.27%
    Theoretical Best
    Office A
    $547.9K
    $479.5K – $639.3K (±1% cap)
    NOI $38,356 @ 7.0% cap · market cap 8.18%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Littleton
    County
    Grafton
    State
    New Hampshire
    Longitude
    -71.7624642
    Latitude
    44.3086168

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    FAQs

    What type of property is this?
    Duplex - Two-unit apartment building with commercial space and river frontage.
    Where is this duplex located?
    The property is located at 226-240 Union Street Littleton, NH.
    What is the asking price?
    The asking price for this property is $469,000.
    What are key features of this property?
    This property features: Waterfront property on the Ammonoosuc River.; Includes a fully rented 2‑unit apartment building and a separate commercial building generating income.; Commercial building has high visibility on a busy main road.
    (603) 444-1294
    We can help!
    Listing Contact
    Nikki Morrison
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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