Five-Unit Multifamily
60 S State Street Concord, NH 03301
60 S State Street, Concord, NH, 03301
$1,000,000
For Sale
$1,000,000
MULTI_FAMILY - Other - Concord, NH
Property Size4,459 SF
Lot Size0.17 Acres
Price / SF$224.27
Days on Market13
Property Features for 60 S State Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RN
- Bedrooms
- 7
- Bathrooms
- 5
- Rooms
- Bedroom 5, Bedroom 2, Bedroom 1, Bedroom 7, Bathroom 5, Bedroom 6, Bedroom 4, Bathroom 2, Bathroom 4, Bathroom 1, Bathroom 3, Bedroom 3, Basement
- Standard status
- Active
- Size
- 4,459 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 14127
Utilities
- Heating system
- Hot Water(Heating), Baseboard, Natural Gas
- Cooling system
- Ductless, Zoned
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 5
- Building materials
- Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
Keller Williams Realty-Metropolitan
(603) 232-8282
168 South River Rd., Bedford, NH
Listed by
Kelly Erwin
(603) 232-8282
Added: Jul 8 Checked: Jul 20 at 4:06 am
MLS# 5098687
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.
For sale: a five-unit multifamily property located at 60 S State Street in Concord, New Hampshire. The building contains five residential units and is situated on a 0.17-acre lot.
The property is zoned RN and includes off-street parking. With a total building size of 4,459 square feet, it offers a straightforward five-unit income setup for an owner looking to add or expand a residential rental portfolio.
As presented, the asset is best suited for buyers seeking a small, manageable multifamily configuration in Concord.
The property is zoned RN and includes off-street parking. With a total building size of 4,459 square feet, it offers a straightforward five-unit income setup for an owner looking to add or expand a residential rental portfolio.
As presented, the asset is best suited for buyers seeking a small, manageable multifamily configuration in Concord.
Key Highlights
- Five‑unit multifamily building with income‑producing residential units
- Year built 1900; vinyl siding exterior
- Heating includes natural gas hot water heat and baseboard heat
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 | $112.4k | $25.20 |
| − Vacancy | −$5.1k | −$1.13 |
| EGI | $107.3k | $24.07 |
| − OpEx | −$48.3k | −$10.83 |
| NOI | $59.0k | $13.24 |
4,459 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$843.2K
$737.8K – $983.7K
NOI $59,021 @ 7.0% cap · market cap 5.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.02M – $1.35M
NOI $81,272 @ 7.0% cap · market cap 8.13%
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 - Income-producing apartment building with five units and off-street parking.
Where is this apartment building located?
The property is located at 60 S State Street Concord, NH.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Five‑unit multifamily building with income‑producing residential units; Year built 1900; vinyl siding exterior; Heating includes natural gas hot water heat and baseboard heat
