Multifamily Income Property with
For Sale
Under Contract
$799,000
379 White Mountain Highway, Conway, NH 03818
MULTI_FAMILY - Other - Conway, NH
Property Size3,200 SF
Lot Size0.86 Acres
Price / SF$249.69
Days on Market36
Property Features for 379 White Mountain Highway
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
HC
Rooms
Basement
Lot features
Level
Elementary school
Pine Tree Elem
Middle school
A. Crosby Kennett Middle Sch
High school
A. Crosby Kennett Sr. High
Directions
From Route 16 in Conway Village turn North and go over the Saco River, past past Emery Lane about 100 yards and #379 will be on your right.
Standard status
Active Under Contract
Size
3,200 SF
Lot size
0.86 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7797
Utilities
Heating system
Baseboard, Oil, Hot Water(Heating)
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Number of units
6
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Meredith · Keller Williams Realty
(603) 569-4663
Listed By:
Lobin Frizzell · License #3340423
(603) 610-8500
Added: Jun 26
Changed: Jul 29
Last Checked: Jul 31 at 10:06AM
MLS# 5097661
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 income property includes three occupied residential living spaces: one 5-bedroom, 2.5-bath residence, one 2-bedroom, 1-bath apartment, and one 3-bedroom, 2-bath residence, plus an on-site owner living space for additional flexibility. The asset is supported by a full basement for storage and tenant or owner use, in addition to practical in-unit conveniences such as washer and dryer facilities. The property has been well maintained, with capital improvements including a durable metal roof and a fire suppression system, and it is served by public water and sewer. Development-wise, the property also includes two additional unfinished 2-bedroom, 1.5-bath living spaces, with one already featuring interior framing in place.
Situated on highly visible White Mountain Highway in Conway, the property is positioned near North Conway’s shopping, dining, skiing, hiking, and year-round attractions. Ample on-site parking supports tenant arrivals and everyday operations.
For buyers seeking a residential income property with established occupancy, this configuration offers multiple unit types and immediate rental presence. The unfinished units provide a clear path for completion to add more residential living capacity within the existing building footprint, while the owner space can support on-site management, owner occupancy, or supplemental rental use.
Situated on highly visible White Mountain Highway in Conway, the property is positioned near North Conway’s shopping, dining, skiing, hiking, and year-round attractions. Ample on-site parking supports tenant arrivals and everyday operations.
For buyers seeking a residential income property with established occupancy, this configuration offers multiple unit types and immediate rental presence. The unfinished units provide a clear path for completion to add more residential living capacity within the existing building footprint, while the owner space can support on-site management, owner occupancy, or supplemental rental use.
Key Highlights
- Three occupied residential units: 5BD/2.5BA, 2BD/1BA, and 3BD/2BA, plus an additional owner living space.
- Value‑add upside: two additional unfinished 2BD/1.5BA living spaces, with interior framing already in place on one.
- Durable metal roof, in‑unit washer and dryer facilities, and a fire suppression system.
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 | $63.4k | $19.80 |
| − Vacancy | −$3.5k | −$1.09 |
| EGI | $59.9k | $18.71 |
| − OpEx | −$26.9k | −$8.42 |
| NOI | $32.9k | $10.29 |
3,200 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$470.4K
$411.6K – $548.9K
NOI $32,931 @ 7.0% cap · market cap 4.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$799.0K
$699.2K – $932.2K
NOI $55,932 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Turnkey business
Opportunity
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Explore this area
Business Placement
Demographics for 03818, NH
3,478
Population
2,174
Households
1.6
Avg Household Size
49
Median Age
43%
College-Educated
95%
High-School Grad
84.5 sq mi
ZIP Area
41
Density / Sq Mi
$73,346
Median Household Income
$38,714
Median Earnings
$941
Median Rent
$284,200
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 occupied units and two unfinished apartments offer flexibility for income and future completion on a highly visible highway.
Where is this apartment building located?
The property is located at 379 White Mountain Highway Conway, NH.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Three occupied residential units: 5BD/2.5BA, 2BD/1BA, and 3BD/2BA, plus an additional owner living space.; Value‑add upside: two additional unfinished 2BD/1.5BA living spaces, with interior framing already in place on one.; Durable metal roof, in‑unit washer and dryer facilities, and a fire suppression system.
