Entitled 6-Unit Multifamily
343 Main Street Sandown, NH 03873
343 Main Street, Sandown, NH, 03873
$995,000
For Sale
$995,000
MULTI_FAMILY - Other - Sandown, NH
Property Size5,968 SF
Lot Size1.00 Acre
Price / SF$166.72
Days on Market74
Property Features for 343 Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- B1
- Bedrooms
- 8
- Bathrooms
- 6
- Rooms
- Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 5, Bedroom 7, Bedroom 8, Bathroom 6, Basement
- Standard status
- Active
- Size
- 5,968 SF
- Lot size
- 1.00 Acre
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10746
Utilities
- Heating system
- Hot Water(Heating), Oil
- Cooling system
- Central Air
- Water source
- Private
Building Details
- Year built
- 1986
- Floors in Building
- 2
- Number of units
- 6
- Building materials
- Wood Frame
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Keller Williams Realty Metro-Londonderry
(603) 232-8282
50 Nashua Road, Suite 111., Bedford, NH
Listed by
Doug Martin · License #065638
(603) 232-8282
Added: May 8 Checked: Jul 20 at 4:06 am
MLS# 5087806
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.
Investment Insights
Based on property information with market context.
The property is a fully residential 6-unit multifamily originally built in 1986 as a mixed-use retail and residential building. The current unit mix includes one 2-bedroom/1.5-bath unit, two 2-bedroom/1-bath units, two 1-bedroom/1-bath units, and one large studio. Renovation is supported by full architectural plans, including demolition and construction schedules, with all town approvals secured and ready for immediate permit pull.
The building is located at 343 Main Street in Sandown, New Hampshire, within the village core. The site is described as within walking distance of multiple village amenities, including Triple Elm Coffee shop, Bruchetti's Pizza, A and M Sandown Market, Rockingham Rail Trail, the Post Office, Library, Town Beach, the historic Sandown Train Depot, and the Sandown Meeting House. The property is also noted to provide ample on-site parking.
Designed for an operator or investor seeking an actively planned rehab, the asset comes with a local builder rehab estimate and a clear path to begin work based on the already-approved plans. Additional on-site features include a large unfinished basement and a two-car garage that may support storage or supplemental utility for the property. Zoning is listed as B1.
The building is located at 343 Main Street in Sandown, New Hampshire, within the village core. The site is described as within walking distance of multiple village amenities, including Triple Elm Coffee shop, Bruchetti's Pizza, A and M Sandown Market, Rockingham Rail Trail, the Post Office, Library, Town Beach, the historic Sandown Train Depot, and the Sandown Meeting House. The property is also noted to provide ample on-site parking.
Designed for an operator or investor seeking an actively planned rehab, the asset comes with a local builder rehab estimate and a clear path to begin work based on the already-approved plans. Additional on-site features include a large unfinished basement and a two-car garage that may support storage or supplemental utility for the property. Zoning is listed as B1.
Key Highlights
- Fully entitled 6‑unit multi‑family with pre‑approved plans for moderate rehab and town approvals secured‑ready to permit pull
- Unit mix: one 2BR/1.5BA, two 2BR/1BA units, two 1BR/1BA units, and one large studio
- Built in 1986; wood frame construction with central air and oil heat
Local Financial Insights For Apartment 5plus
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 | $171.9k | $28.80 |
| − Vacancy | −$7.2k | −$1.21 |
| EGI | $164.7k | $27.59 |
| − OpEx | −$74.1k | −$12.42 |
| NOI | $90.6k | $15.17 |
5,968 SF · lease $28.80/SF/yr · vacancy 4.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.29M
$1.13M – $1.51M
NOI $90,563 @ 7.0% cap · market cap 9.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,084 @ 7.0% cap · market cap 13.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
St. Julien Macaroons
Big Box & Wholesale Store
White Oaks Farms ...
Bakery
603 Cuts- Haircuts ...
Hair Salon
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FAQs
What type of property is this?
Apartment building - Pre-approved 6-unit multifamily with secured town approvals and plans for renovation and permitting.
Where is this apartment building located?
The property is located at 343 Main Street Sandown, NH.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Fully entitled 6‑unit multi‑family with pre‑approved plans for moderate rehab and town approvals secured‑ready to permit pull; Unit mix: one 2BR/1.5BA, two 2BR/1BA units, two 1BR/1BA units, and one large studio; Built in 1986; wood frame construction with central air and oil heat
