Multifamily Building with ADA
3465 White Mountain Highway Conway, NH 03860
New
3465 White Mountain Highway, Conway, NH, 03860
$1,475,000
For Sale
$1,475,000
MULTI_FAMILY - Other - Conway, NH
Property Size4,162 SF
Lot Size0.82 Acres
Price / SF$354.40
Days on Market1
Property Features for 3465 White Mountain Highway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- HC
- Bedrooms
- 8
- Bathrooms
- 7
- Rooms
- Bathroom 4, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 8, Bathroom 5, Bedroom 3, Bedroom 7, Bathroom 6, Bathroom 7, Basement, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 3
- Patio and Porch features
- Patio, Deck
- Exterior features
- Deck, Dog Fence, Patio
- Fencing
- Fenced
- Standard status
- Active
- Size
- 4,162 SF
- Lot size
- 0.82 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9594
Utilities
- Heating system
- Baseboard, Electric (Heating), Ductless (Heating)
- Cooling system
- Ductless, Zoned
- Water source
- Public
Building Details
- Year built
- 1840
- Floors in Building
- 3
- Number of units
- 7
- Building materials
- Wood Frame, Brick Exterior, Clapboard Exterior, Shingle Siding, Stone Exterior
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
KW Coastal and Lakes & Mountains Realty/N Conway
(603) 730-5683
2779 White Mountain Highway., Portsmouth, NH
Listed by
Kimberly Clarke
(603) 610-8500
Added: Jul 16 Checked: Jul 16 at 3:06 pm
MLS# 5100157
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 Vale Apartments is a multifamily property with seven long-term rental units, including one 1BR ADA-accessible apartment, five additional 1BR units, and one 2BR unit. The building features efficient mini-splits for heating and cooling, LED lighting, contemporary kitchens, ceiling fans with remotes, custom blinds, and keyless entry throughout. Interior finishes noted include Brazilian cherry and luxury vinyl plank or pine floors, with brick and granite accent walls. Common amenities include a rooftop deck, ample off-street parking, a fenced dog run, lighted common areas, storage, and coin-op laundry. The building is fully sprinklered with individually alarmed units.
Located on White Mountain Highway (Route 16) in Conway, New Hampshire, the property is situated on a 0.82-acre lot.
Seller notes indicate 48 hours’ notice is required for showings, broker interest, and seller financing may be available to qualified buyers.
Located on White Mountain Highway (Route 16) in Conway, New Hampshire, the property is situated on a 0.82-acre lot.
Seller notes indicate 48 hours’ notice is required for showings, broker interest, and seller financing may be available to qualified buyers.
Key Highlights
- Vale Apartments converted into 7 long‑term rental units (1 ADA accessible 1BR, five 1BRs, and one 2BR)
- Heating and cooling include efficient ductless mini‑splits with zoned cooling
- Exterior features include deck and patio, plus fenced areas and a dog fence/dog run
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 | $82.4k | $19.80 |
| − Vacancy | −$4.5k | −$1.09 |
| EGI | $77.9k | $18.71 |
| − OpEx | −$35.0k | −$8.42 |
| NOI | $42.8k | $10.29 |
4,162 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$611.9K
$535.4K – $713.9K
NOI $42,831 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$909.3K – $1.21M
NOI $72,746 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Fully sprinklered multifamily property with seven rental units, including one ADA-accessible 1BR, plus off-street parking and coin-op laundry.
Where is this apartment building located?
The property is located at 3465 White Mountain Highway Conway, NH.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Vale Apartments converted into 7 long‑term rental units (1 ADA accessible 1BR, five 1BRs, and one 2BR); Heating and cooling include efficient ductless mini‑splits with zoned cooling; Exterior features include deck and patio, plus fenced areas and a dog fence/dog run
