Renovated Quadplex with Separate
547 White Mountain Highway Milton, NH 03851
547 White Mountain Highway, Milton, NH, 03851
$699,900
For Sale
$699,900
MULTI_FAMILY - Other - Milton, NH
Property Size2,850 SF
Lot Size0.20 Acres
Price / SF$245.58
Days on Market94
Property Features for 547 White Mountain Highway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- High Density Residential
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bathroom 1, Bathroom 3, Bedroom 3, Bedroom 6, Bathroom 2, Bedroom 4, Bedroom 2, Bedroom 1, Bathroom 4
- Standard status
- Active
- Size
- 2,850 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
- 4
- 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 21 Updated: Jul 22 at 11:18AM Checked: Jul 23 at 9:06AM
MLS# 5084495
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 quadplex offers four residential units with separate utilities. Improvements listed include a new rubber membrane roof, unit updates with newer windows, and the installation of two new heating systems. Interior upgrades include new luxury vinyl flooring, contemporary paint finishes, brand-new stainless steel appliances, and in-unit washer and dryer hookups, along with updated tiled bathrooms.
The property is located in downtown Milton, across from Milton 3 Ponds, and is described as within walking distance to activities like fishing, swimming, and boating. It is also positioned just minutes from schools, convenience stores, town hall, and access to the seacoast, lakes, mountains, and Route 16.
The listing notes a 9.62% current cap rate and that the property may be purchased as part of a package with the property next door. Delayed scheduled private showings begin Friday between 4 and 6 PM.
The property is located in downtown Milton, across from Milton 3 Ponds, and is described as within walking distance to activities like fishing, swimming, and boating. It is also positioned just minutes from schools, convenience stores, town hall, and access to the seacoast, lakes, mountains, and Route 16.
The listing notes a 9.62% current cap rate and that the property may be purchased as part of a package with the property next door. Delayed scheduled private showings begin Friday between 4 and 6 PM.
Key Highlights
- Quadplex with a current cap rate of 9.62%
- Renovations include a new rubber membrane roof and unit updates throughout
- Improved energy efficiency with newer windows and installation of two new heating systems
Local Financial Insights For Multifamily LT 5
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 | $42.8k | $15.00 |
| − Vacancy | −$1.4k | −$0.50 |
| EGI | $41.3k | $14.50 |
| − OpEx | −$12.4k | −$4.35 |
| NOI | $28.9k | $10.15 |
2,850 SF · lease $15.00/SF/yr · vacancy 3.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$413.3K
$361.6K – $482.2K
NOI $28,931 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$381.2K
$333.5K – $444.7K
NOI $26,683 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$762.5K
$667.2K – $889.6K
NOI $53,373 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Renovated quadplex with separate utilities and updated roof, windows, and heating systems.
Where is this quadplex located?
The property is located at 547 White Mountain Highway Milton, NH.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Quadplex with a current cap rate of 9.62%; Renovations include a new rubber membrane roof and unit updates throughout; Improved energy efficiency with newer windows and installation of two new heating systems
