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    3-5 Mill St Greenville, NH 03048

    Sponsored
    For Sale
    $875,000

    Multi-Family - Greenville, NH

    Property size:
    5,868 SF
    Lot size:
    0.29 Acres
    Days on Market:
    1
    Last Refresh:
    Feb 17 at 9:06 pm

    Property Features for 3-5 Mill St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Downtown District
    Rooms
    Basement
    Parking
    1
    Parking features
    Garage
    Basement Y/N
    1
    Size
    5,868 SF
    Lot size
    0.29 Acres

    Utilities

    Heating system
    Electric (Heating), Hot Water (Heating), Steam
    Cooling system
    Multi Units

    Building Details

    Year built
    1890
    Floors in Building
    3
    Number of units
    8
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Andrew Caudill

    RE/MAX Synergy LLC (603) 647-8000

    Listing agent Andrew Caudill (603) 472-3900

    Listing date Feb 17, 2026

    MLS# 5076877 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.

    Learn more

    Property Insight Report

    Overview

    Greenville NH Multifamily Investment

    This fully rented 8-unit multifamily property is located in Greenville, NH. It offers strong in-place income with potential for increased cash flow through market rent adjustments and minor cosmetic improvements. All major capital improvements have been completed. The property is connected to town water and sewer services. It features ample off-street parking and a 1-car garage. Situated within walking distance to Main Street, the property benefits from consistent rental demand and proximity to the Massachusetts border, attracting steady year-round tenants. The property, situated on a 0.29-acre lot, is a solid investment option with stable occupancy and room to increase returns over time. The building has 5868 square feet of space. The property is located in the Downtown District.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Auto Parts Store Storage Facility HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.8122051
    Latitude
    42.769357

    Nearby Similar for Sale

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      $199,999
      3,173 SF

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      Multi-family property with commercial space and barn for storage.
      11 Main St, Greenville, NH 03048
      View Details
    • $439,500
      2,547 SF

      Greenville Two-Family Home

      Charming two-family home in Greenville, NH with investment potential.
      16 River St, Greenville, NH 03048
      View Details

    FAQs

    What type of property is this?
    Apartment building - Fully rented 8-unit multifamily with income upside in Greenville, NH.
    Where is this apartment building located?
    The property is located at 3-5 Mill St Greenville, NH.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: - Fully rented 8-unit multifamily property providing strong in-place income.; - Rents are currently under market, offering potential for increased cash flow.; - All major capital improvements have been completed, minimizing near-term expenses.
    (603) 384-8999
    Request Owner's contact information
    3-5 Mill St Greenville, NH 03048
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    Greenville, NH 03048
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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
    3-5 Mill St Greenville, NH 03048
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    We can help!
    Listing Contact
    Andrew Caudill
    (603) 384-8999 (603) 472-3900
    Learn more
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