1 Old Manchester Road, Raymond, NH 03077
Triplex property with modern updates, historic character, multiple outbuildings, and separate utilities across spacious corner-lot grounds.
- Added:
- Jun 4, 2026
- Days on Market:
- 3
- Last Refresh:
- Jun 6 at 5:03 am
Property Features for 1 Old Manchester Road
General Information
- Standard status
- Active
- Size
- 3,690 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1848
Listing agent Andy Yau License #074320 (603) 969-6216
Listing office Re/Max Shoreline (603) 969-6216
Listing date Jun 4, 2026
Source Threehillsres
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Re/Max Shoreline
HighLights
- Triplex built in 1848 with historic character and modern updates, including exposed wood beams, crown molding, and hardwood floors.
- Includes 2 separate garages plus a large barn and workshop, offering storage and expansion options.
- Corner lot across from the town commons with mature gardens, brick walkways, stone walls, a vegetable garden, and a playground.
- Tenants have washer/dryers and plenty of parking; separate utilities help keep tenant expenses low.
- Lower level game room with bar and sitting area; unit layouts include open‑concept living/kitchen plus a loft bedroom in the 3rd unit.
- Recently updated mechanical systems with easy access to the Lamprey River, Rockingham trails, restaurants, and RT 101; potential cap rate over 9%.
Overview
Set on a spacious corner lot across from the town commons, the grounds include mature gardens, brick walkways, stone walls, a vegetable garden, and a playground. Tenants benefit from in-unit washer/dryers and plenty of parking, and the property is supported by separate utilities. Mechanical systems have been recently updated, and the location provides easy access to the Lamprey River, Rockingham trails, restaurants, and RT 101.
This is a strong fit for an owner-occupant seeking to live in the largest unit while generating rental income from the two additional residences, with separate utilities supporting each unit’s day-to-day expenses.
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 | $93.0k | $25.20 |
| − Vacancy | −$4.2k | −$1.13 |
| EGI | $88.8k | $24.07 |
| − OpEx | −$26.6k | −$7.22 |
| NOI | $62.2k | $16.85 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Raymond
- County
- Rockingham
- State
- New Hampshire
- Longitude
- -71.196281
- Latitude
- 43.030838