Renovated Multifamily Investment
545 & 547 White Mountain Highway Milton, NH 03851
545 & 547 White Mountain Highway, Milton, NH, 03851
$1,099,800
For Sale
$1,099,800
MULTI_FAMILY - Other - Milton, NH
Property Size5,237 SF
Lot Size0.20 Acres
Price / SF$210.01
Days on Market92
Property Features for 545 & 547 White Mountain Highway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- High Density Residential
- Bedrooms
- 11
- Bathrooms
- 6
- Rooms
- Bedroom 5, Bedroom 7, Bathroom 1, Bedroom 10, Bedroom 3, Bathroom 3, Bedroom 9, Bedroom 11, Bedroom 6, Bathroom 2, Bedroom 4, Bathroom 6, Bedroom 2, Bedroom 1, Bathroom 4, Bathroom 5, Bedroom 8
- Standard status
- Active
- Size
- 5,237 SF
- Lot size
- 0.20 Acres
Utilities
- Utilities
- Cable Available
- Heating system
- Propane (Heating), Forced Air, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 6
- Building materials
- Wood Frame, Wood Exterior
- Architectural style
- Other
Listing agency
RE/MAX Shoreline
(603) 431-1111
Listed by
Andy Yau · License #074320
(603) 431-1111
Added: Apr 23 Updated: Jul 22 at 11:18AM Checked: Jul 23 at 3:06AM
MLS# 5085057
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 renovated multifamily investment property consists of 545 & 547 White Mountain Highway. Updates include a newer rubber membrane roof and unit improvements, along with newer windows and the installation of two new heating systems. Inside the units, upgrades noted include luxury vinyl flooring, contemporary paint, brand-new stainless steel appliances, and in-unit washer and dryers with hookup.
The offering is described as having separate utilities, supporting easier maintenance and low expenses. The property is located in downtown Milton, across from Milton 3 Ponds, with recreation options described as fishing, swimming, and boating within a short stroll.
The listing is for sale in a High Density Residential zoning context. A delayed schedule is noted for private showings beginning on Friday between 4–6 PM.
The offering is described as having separate utilities, supporting easier maintenance and low expenses. The property is located in downtown Milton, across from Milton 3 Ponds, with recreation options described as fishing, swimming, and boating within a short stroll.
The listing is for sale in a High Density Residential zoning context. A delayed schedule is noted for private showings beginning on Friday between 4–6 PM.
Key Highlights
- 10.43% current cap rate (cashflow) property offered individually or as a combined package
- Renovations include a new rubber membrane roof and unit updates, plus newer windows and installation of two new heating systems
- In‑unit upgrades include luxury vinyl flooring, contemporary paint, brand‑new stainless steel appliances, and washer/dryer hookup
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 | $92.4k | $17.64 |
| − Vacancy | −$3.2k | −$0.62 |
| EGI | $89.1k | $17.02 |
| − OpEx | −$40.1k | −$7.66 |
| NOI | $49.0k | $9.36 |
5,237 SF · lease $17.64/SF/yr · vacancy 3.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$700.4K
$612.9K – $817.2K
NOI $49,031 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,074 @ 7.0% cap · market cap 8.92%
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 - Renovated multifamily with newer roof, updated units, in-unit washer and dryer hookups, and separate utilities.
Where is this apartment building located?
The property is located at 545 & 547 White Mountain Highway Milton, NH.
What is the asking price?
The asking price for this property is $1,099,800.
What are key features of this property?
This property features: 10.43% current cap rate (cashflow) property offered individually or as a combined package; Renovations include a new rubber membrane roof and unit updates, plus newer windows and installation of two new heating systems; In‑unit upgrades include luxury vinyl flooring, contemporary paint, brand‑new stainless steel appliances, and washer/dryer hookup
