Quadplex with Private
For Sale
$990,000
7 Berry Road, Nottingham, NH 03290
Multi-Family, Nottingham, NH
Property Size5,927 SF
Lot Size6.00 Acres
Price / SF$167.03
Days on Market91
Property Features for 7 Berry Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-AG R
Bedrooms
13
Rooms
Bedroom 7, Bedroom 10, Bedroom 6, Bedroom 8, Bedroom 3, Bedroom 5, Bedroom 9, Basement, Bedroom 12, Bedroom 4, Bedroom 11, Bedroom 1, Bedroom 2, Bedroom 13
Lot features
Rolling
Elementary school
Nottingham Elementary School
Middle school
Nottingham Elementary School
High school
Coe Brown-Northwood Acad
Elementary school district
Nottingham
Middle school district
Nottingham
High school district
Nottingham
Directions
From the Lee Traffic Circle (Route 4 / Route 125): Take Route 125 South for about 1.5 miles. Turn right onto Route 152 West (Stage Road) and follow it for 1.8 miles. Turn left onto Berry Road. Once you are on Berry Road: The property is located right at the beginning of the road on your right-hand
Standard status
Active
Size
5,927 SF
Lot size
6.00 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
13835
Utilities
Utilities
Propane
Heating system
Propane (Heating), Hot Water(Heating)
Water source
Private
Amenities
vast backyard space
private entrances
Building Details
Year built
1810
Floors in Building
3
Number of units
4
Building materials
Wood Frame, Clapboard Exterior, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
KW Coastal and Lakes & Mountains Realty · Keller Williams Realty
(603) 610-8500
Listed By:
Jaylan Archer · License #15905
(603) 534-0104
Added: Jun 9
Changed: Sep 3
Last Checked: Sep 7 at 11:06PM
MLS# 5093512
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 quadplex comprises two separate structures totaling 5,927 square feet on 6 acres. The configuration includes a detached three-bedroom cottage, a duplex, and a seven-bedroom co-living-style residence, providing a varied residential layout. Private entrances serve the living spaces, and the property includes basement areas and extensive off-street parking.
Built in 1810, the improvements feature wood-frame construction with clapboard and vinyl siding, shingle roofing, propane heat, hot-water heating, and a private water source. The property is zoned R-AG R and is located in Nottingham, New Hampshire, at 7 Berry Road.
Built in 1810, the improvements feature wood-frame construction with clapboard and vinyl siding, shingle roofing, propane heat, hot-water heating, and a private water source. The property is zoned R-AG R and is located in Nottingham, New Hampshire, at 7 Berry Road.
Key Highlights
- Two separate structures totaling 5,927 square feet
- 6‑acre residential income property
- Detached three‑bedroom cottage, duplex, and seven‑bedroom co‑living‑style residence
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
$89,941
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
9.08%
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%
$1,798,820
$1.8M
Cap Rate 7%
$1,284,871
$1.3M
Cap Rate 9%
$999,344
$999.3K
Market Conditions
NOI Build-Up for 5,927 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
$170.7K $28.80/SF
− Vacancy
−$7.2K −$1.21/SF
EGI
$163.5K $27.59/SF
− OpEx
−$73.6K −$12.42/SF
NOI
$89.9K $15.17/SF
Area
Rockingham County, NH
Vacancy
4.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
45.00%
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%
$1,798,820
Cap Rate 7%
$1,284,871
Cap Rate 9%
$999,344
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.25M – $1.66M
NOI $99,847 @ 7.0% cap · market cap 10.09%
Second Best
Apartment 5plus
$1.28M
$1.12M – $1.50M
NOI $89,941 @ 7.0% cap · market cap 9.08%
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,128 @ 7.0% cap · market cap 13.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Explore this area
Business Placement
Demographics for 03290, NH
5,129
Population
2,206
Households
2.3
Avg Household Size
43
Median Age
42%
College-Educated
97%
High-School Grad
46.3 sq mi
ZIP Area
111
Density / Sq Mi
$108,459
Median Household Income
$58,247
Median Earnings
$2,022
Median Rent
$419,100
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?
Quadplex - Two-building residential income property with multiple living arrangements, private entrances, and substantial off-street parking.
Where is this quadplex located?
The property is located at 7 Berry Road Nottingham, NH.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Two separate structures totaling 5,927 square feet; 6‑acre residential income property; Detached three‑bedroom cottage, duplex, and seven‑bedroom co‑living‑style residence
