Updated Triplex With Owner
For Sale
$799,900
43 Broadway, Pembroke, NH 03275
Multi-Family, Pembroke, NH
Property Size3,262 SF
Lot Size0.49 Acres
Price / SF$245.22
Days on Market9
Property Features for 43 Broadway
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 1, Bedroom 2, Basement, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 4, Bathroom 3, Bathroom 2
Lot features
Landscaped
Elementary school
Pembroke Village School
Middle school
Three Rivers School
High school
Pembroke Academy
Elementary school district
Pembroke
Middle school district
Pembroke
High school district
Pembroke
Directions
USE GPS
Standard status
Active
Size
3,262 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9662
Utilities
Utilities
Cable Available
Heating system
Baseboard, Natural Gas, Hot Water(Heating), Ductless (Heating)
Cooling system
Zoned, Ductless
Water source
Public
Amenities
vinyl fencing
landscaped yard
Building Details
Year built
1828
Floors in Building
2
Number of units
3
Building materials
Masonry, Wood Frame, Stone Exterior, Vinyl Exterior
Roof type
Shingle
Architectural style
Other
Listing Agency:
Keller Williams Realty-Metropolitan
Listed By:
Pradip Karki
(603) 232-8282
Added: Sep 17
Changed: Sep 20
Last Checked: Sep 25 at 2:06AM
MLS# 5110454
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 three-unit residential property at 43 Broadway in Pembroke includes 3,262 square feet on a 0.49-acre lot. Originally built in 1828, it was converted from a two-family property to a triplex in 2021 and has received multiple updates. Unit C includes a private primary suite with its own bathroom, walk-in closet, laundry area, and ductless mini-split system. Improvements include vinyl flooring, fresh paint, upgraded electrical panels, a sump pump, vinyl fencing, and a landscaped yard.
Each unit has its own electric meter and gas meter, while the property is served by public water. Heating includes baseboard, hot water, natural gas, and ductless systems; cooling is ductless and zoned. All three units are currently rented, providing an established multi-unit configuration for continued rental use or owner occupancy.
Each unit has its own electric meter and gas meter, while the property is served by public water. Heating includes baseboard, hot water, natural gas, and ductless systems; cooling is ductless and zoned. All three units are currently rented, providing an established multi-unit configuration for continued rental use or owner occupancy.
Key Highlights
- Three‑unit property with 3,262 square feet of building area
- 0.49‑acre lot in Pembroke, NH
- Converted from a two‑family property to a triplex in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$46,855
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$937,100
$937.1K
Cap Rate 7%
$669,357
$669.4K
Cap Rate 9%
$520,611
$520.6K
Market Conditions
NOI Build-Up for 3,262 SF
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.
Gross rent
$70.5K $21.60/SF
− Vacancy
−$3.5K −$1.08/SF
EGI
$66.9K $20.52/SF
− OpEx
−$20.1K −$6.16/SF
NOI
$46.9K $14.36/SF
Area
Merrimack County, NH
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$937,100
Cap Rate 7%
$669,357
Cap Rate 9%
$520,611
Alternative Uses
Best Use
Multifamily LT 5
$669.4K
$585.7K – $780.9K
NOI $46,855 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$616.8K
$539.7K – $719.6K
NOI $43,177 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$849.4K
$743.2K – $990.9K
NOI $59,455 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Explore this area
Business Placement
Demographics for 03275, NH
11,946
Population
4,739
Households
2.5
Avg Household Size
42
Median Age
25%
College-Educated
91%
High-School Grad
43.0 sq mi
ZIP Area
278
Density / Sq Mi
$84,776
Median Household Income
$43,850
Median Earnings
$1,258
Median Rent
$309,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three occupied units feature separate electric and gas metering for distinct utility management.
Where is this triplex located?
The property is located at 43 Broadway Pembroke, NH.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Three‑unit property with 3,262 square feet of building area; 0.49‑acre lot in Pembroke, NH; Converted from a two‑family property to a triplex in 2021
