Multifamily Portfolio with Three
For Sale
$950,000
273-279 S Main Street, Concord, NH 03301
MULTI_FAMILY - Ranch - Concord, NH
Property Size5,010 SF
Lot Size0.33 Acres
Price / SF$189.62
Days on Market150
Property Features for 273-279 S Main Street
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
UT
Bedrooms
10
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 6, Bedroom 9, Bathroom 4, Bedroom 5, Bedroom 1, Bedroom 10, Bedroom 8, Bedroom 2, Bathroom 5, Basement, Bedroom 4, Bedroom 7, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Parking features
Off Street
Lot features
Landscaped
Directions
Use GPS
Standard status
Active
Size
5,010 SF
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13961
Utilities
Utilities
Cable Available
Heating system
Forced Air, Steam, Oil, Natural Gas
Water source
Public
Amenities
private off-street parking
paved driveways
barn/garage
storage space
Building Details
Year built
1900
Floors in Building
2
Number of units
5
Flooring type
Laminate, Hardwood
Building materials
Wood Frame, Asbestos Exterior, Clapboard Exterior, Vinyl Siding
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Tinkham Realty Inc
(603) 432-7769
Listed By:
Nick Musto · License #067817
(603) 432-7769
Added: Mar 17
Changed: Aug 2
Last Checked: Aug 13 at 12:06PM
MLS# 5079588
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 multifamily portfolio includes three distinct residential structures: a Cape, a Ranch, and a classic New Englander, totaling approximately 4,686 square feet of finished living space. The property is described as well maintained, with many updates throughout. Construction includes wood frame with clapboard and vinyl siding, and an asbestos exterior component. Interior finishes include laminate and hardwood flooring. Heating sources listed are oil, steam, natural gas, and forced air. The home includes a basement.
Site amenities include private off-street parking and two paved driveways. A large two-story barn/garage provides additional storage space. Utilities and services noted are natural gas, public water, and public sewer, with cable available.
The property sits on 0.33 acres and is zoned UT. The year built is listed as 1900, with a shingle roof and a Ranch architectural style.
Site amenities include private off-street parking and two paved driveways. A large two-story barn/garage provides additional storage space. Utilities and services noted are natural gas, public water, and public sewer, with cable available.
The property sits on 0.33 acres and is zoned UT. The year built is listed as 1900, with a shingle roof and a Ranch architectural style.
Key Highlights
- Three distinct structures: Cape, Ranch, and New Englander
- Approximately 4,686 finished square feet of living space
- 0.33‑acre site with private off‑street parking and 2 paved driveways
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,314
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,326,280
$1.3M
Cap Rate 7%
$947,343
$947.3K
Cap Rate 9%
$736,822
$736.8K
Market Conditions
NOI Build-Up for 5,010 SF
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.
Gross rent
$126.3K $25.20/SF
− Vacancy
−$5.7K −$1.13/SF
EGI
$120.6K $24.07/SF
− OpEx
−$54.3K −$10.83/SF
NOI
$66.3K $13.24/SF
Area
Merrimack County, NH
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,326,280
Cap Rate 7%
$947,343
Cap Rate 9%
$736,822
Alternative Uses
Best Use
Apartment 5plus
$947.3K
$828.9K – $1.11M
NOI $66,314 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,315 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
Explore this area
Business Placement
Demographics for 03301, NH
33,352
Population
14,486
Households
2.3
Avg Household Size
43
Median Age
42%
College-Educated
92%
High-School Grad
49.2 sq mi
ZIP Area
678
Density / Sq Mi
$85,943
Median Household Income
$49,749
Median Earnings
$1,355
Median Rent
$344,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Three residential structures with off-street parking, natural gas, and public water and sewer in Concord.
Where is this apartment building located?
The property is located at 273-279 S Main Street Concord, NH.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Three distinct structures: Cape, Ranch, and New Englander; Approximately 4,686 finished square feet of living space; 0.33‑acre site with private off‑street parking and 2 paved driveways
