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Renovated Triplex with Garages

1 Old Manchester Road Raymond, NH 03077

1 Old Manchester Road, Raymond, NH, 03077
$949,900
For Sale
$949,900

Triplex property with modern updates, historic character, multiple outbuildings, and separate utilities across spacious corner-lot grounds.

Property Size3,690 SF
Price / SF$257.43
Days on Market48

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 agency Re/Max Shoreline
Listed by Andy Yau · License #074320
Source Threehillsres
Added: Jun 4 Updated: Jul 10 at 1:52PM Checked: Jul 21 at 9:09AM

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


Investment Insights

Based on property information with market context.

This renovated triplex blends modern upgrades with established historic character and thoughtful interior detailing. The property includes two separate garages plus a large barn and a workshop, providing flexible options for storage and expansion. The largest unit is designed to feel like a stand-alone home, with exposed wood beams, crown molding, custom light fixtures, built-in arched shelving, and hardwood floors. The kitchen features earth-tone mosaic tile backsplash, granite countertops, sage green cabinetry, a custom pine island, an arched brick oven, and stainless steel appliances. A standout bathroom includes hexagon tile flooring, pressed-tin ceilings, and a copper-sink vanity. Additional layout highlights include generously sized bedrooms with walk-in closets and a lower level game room with bar and sitting area. The second unit offers an open-concept kitchen and living area with hardwood floors, white subway tile, white granite, and a custom pine island. The third unit includes an open-concept kitchen/living space and a loft-style bedroom.

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.

Key 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.

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
3,690 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$888.0K
$777.0K – $1.04M (±1% cap)
NOI $62,162 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$799.9K
$699.9K – $933.3K (±1% cap)
NOI $55,995 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M (±1% cap)
NOI $85,995 @ 7.0% cap · market cap 9.05%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Building Supply Big Box & Wholesale Store Parking Lot & Garage Law Firm Electrical Service Plumbing Service Kitchen & Bath Showroom Grocery & Convenience Store Hair Salon

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Triplex property with modern updates, historic character, multiple outbuildings, and separate utilities across spacious corner-lot grounds.
Where is this triplex located?
The property is located at 1 Old Manchester Road Raymond, NH.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: 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.
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