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    The Largest CRE Database in the US with Over 1 Million Listings

    33 Lisbon Rd Bath, NH 03740

    Sponsored
    For Sale
    $339,900

    Multi-Family - Bath, NH

    Property size:
    4,207 SF
    Lot size:
    0.88 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 22 at 4:06 am

    Property Features for 33 Lisbon Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    VB
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    3
    EntryLevel
    Unit 1: 1,Unit 2: 1,Unit 3: 2
    Basement Y/N
    1
    Size
    4,207 SF
    Lot size
    0.88 Acres

    Utilities

    Heating system
    Forced Air, Propane (Heating)

    Building Details

    Year built
    1802
    Floors in Building
    3
    Number of units
    3
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Jeff Cusson

    RE/MAX Synergy LLC (603) 647-8000 [email protected]

    Listing agent Jeff Cusson (603) 472-3900

    Listing date Jan 21, 2026

    MLS# 5074602 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

    19th Century Multi-Family Home

    Located at 33 Lisbon Road in Bath, NH, this 19th-century three-unit multifamily home presents an investment opportunity. The property is within walking distance of the town center and the Bath village school, offering classic New England small-town charm. Littleton, with its shops and dining, is a 20-minute drive away. Outdoor activities are accessible via the nearby Ammonoosuc Trail and various hiking trails, with Cannon Mountain also in proximity. The first floor features a common area providing entry to all units. Two units are on the lower level, and the third is on the second floor. Unit 1 includes 2 bedrooms and 1 bath, with a stairway to a portion of the second floor that could be reworked into a third bedroom. Unit 2 has 1 bedroom and 1 bath, with the possibility of a second bedroom. Unit 3, located upstairs from the common area, features 3 bedrooms and 1 bath and is currently occupied by a long-term tenant. An unfinished space on the third floor offers the option to become a fourth unit, if permissible, or serve as storage. The property is situated on a 0.88-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Grocery Store Bar & Pub Garden Center Daycare Center Bed & Breakfast Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Bath
    County
    Grafton
    State
    New Hampshire
    Longitude
    -71.9648777
    Latitude
    44.16803

    Nearby Similar for Sale

    • $75,000
      2.85 Acres

      Bath, NH Commercial Lot - Route 112

      Wooded lot, commercial zoning, scenic views.
      Wild Ammonoosuc Rd, Bath, NH 03740
      View Details
    • $750,000
      0.37 Acres

      antiques dating back to the early 1800's

      multiple new capital improvements including updated electrical and light fixtures
      21 Lisbon Rd, Bath, NH 03740
      View Details

    FAQs

    What type of property is this?
    Triplex - Three-unit home in Bath, NH, with investment potential.
    Where is this triplex located?
    The property is located at 33 Lisbon Rd Bath, NH.
    What is the asking price?
    The asking price for this property is $339,900.
    What are key features of this property?
    This property features: - Multifamily home with three units, offering income potential. Live in one unit and rent out the other two.; - Located within walking distance of the town center and school, providing convenient access to local amenities.; - Potential to add bedrooms to units 1 and 2, increasing their value and rental income.
    (603) 472-3900
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    33 Lisbon Rd Bath, NH 03740
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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
    33 Lisbon Rd Bath, NH 03740
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    We can help!
    Listing Contact
    Jeff Cusson
    (603) 472-3900
    Learn more
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