Building Details

Year Built 1848

Stories 2

Listing Agency: RE/MAX Shoreline Show Phone

Listed By: Andy Yau · License #074320 Show Phone

Source: Churchillprop

Added: Jun 2 Changed: Oct 1 Last Checked: Oct 5 at 5:18PM

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Investment Insights

Based on property information with market context.

Built in 1848, this 3,690-square-foot triplex combines historic detailing with extensive interior updates. The largest residence includes exposed beams, crown molding, hardwood flooring, a renovated kitchen, spacious bedrooms with walk-in closets, and a lower-level recreation room with bar and sitting area. The second unit offers an open kitchen and living area, while the third includes an open kitchen-living arrangement and a loft bedroom.

The property also includes 2 separate garages, a barn, and a workshop, along with parking and tenant-accessible washer/dryers. Separate utilities serve the units. Set on a corner lot across from the town commons, the grounds feature mature gardens, brick walkways, stone walls, a vegetable garden, and a playground. The property provides access to the Lamprey River, Rockingham trails, restaurants, and Route 101. Current cap rate is 8.63%, with potential over 11.29%.

Key Highlights

• 3,690‑square‑foot triplex with 3 distinct residential units
• Originally built in 1848 with updated mechanical systems and renovated interiors
• 2 separate garages, a large barn, and a workshop

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$62,162

Cap Rate

6.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,243,240 $1.2M

Cap Rate 7%

$888,029 $888.0K

Cap Rate 9%

$690,689 $690.7K

Market Conditions

NOI Build-Up for 3,690 SF

Gross rent

$93.0K $25.20/SF

− Vacancy

−$4.2K −$1.13/SF

EGI

$88.8K $24.07/SF

− OpEx

−$26.6K −$7.22/SF

NOI

$62.2K $16.85/SF

Area

Rockingham County, NH

Vacancy

4.50%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,243,240

Cap Rate 7%

$888,029

Cap Rate 9%

$690,689

Alternative Uses

Best Use

Multifamily LT 5

$888.0K

$777.0K – $1.04M (±1% cap)

NOI $62,162 @ 7.0% cap · market cap 6.72%

Second Best

Apartment 5plus

$799.9K

$699.9K – $933.3K (±1% cap)

NOI $55,995 @ 7.0% cap · market cap 6.05%

Theoretical Best

Office A

$1.23M

$1.07M – $1.43M (±1% cap)

NOI $85,995 @ 7.0% cap · market cap 9.30%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Law Firm Electrical Service Furniture & Home Goods Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3

Residential units

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

63

Businesses Nearby

Explore this area Business Placement

Demographics for 03077, NH

10,684

Population

4,521

Households

2.4

Avg Household Size

44

Median Age

25%

College-Educated

94%

High-School Grad

28.8 sq mi

ZIP Area

371

Density / Sq Mi

$92,002

Median Household Income

$48,544

Median Earnings

$1,380

Median Rent

$342,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Triplex - Three-unit property with updated interiors, separate utilities, multiple outbuildings, and parking on a landscaped corner parcel.

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 $925,000.

What are key features of this property?

This property features: 3,690‑square‑foot triplex with 3 distinct residential units; Originally built in 1848 with updated mechanical systems and renovated interiors; 2 separate garages, a large barn, and a workshop