Triplex with Barn and
1 Old Manchester Road Raymond, NH 03077
1 Old Manchester Road, Raymond, NH, 03077
$949,900
For Sale
$949,900
MULTI_FAMILY - Other - Raymond, NH
Property Size3,690 SF
Lot Size0.38 Acres
Price / SF$257.43
Days on Market50
Property Features for 1 Old Manchester Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- C1
- Bedrooms
- 7
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bedroom 6, Bathroom 3, Bedroom 7, Bedroom 3, Bathroom 4, Basement, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 1, Bathroom 1
- Standard status
- Active
- Size
- 3,690 SF
- Lot size
- 0.38 Acres
Utilities
- Utilities
- Cable Available
- Heating system
- Propane (Heating), Forced Air
- Water source
- Public
Building Details
- Year built
- 1848
- Floors in Building
- 2
- Number of units
- 3
- Building materials
- Wood Frame, Clapboard Exterior
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
RE/MAX Shoreline
(603) 431-1111
875 Greenland Rd., Portsmouth, NH
Listed by
Andy Yau · License #074320
(603) 431-1111
Added: Jun 2 Updated: Jun 25 at 12:17 pm Checked: Jul 21 at 1:06 am
MLS# 5092224
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.
This for-sale triplex includes three separate units within a single property totaling 3,690 square feet, situated on a 0.38-acre corner lot. The home has been renovated with updated interiors featuring hardwood floors, arched built-ins, and details such as crown molding and exposed wood beams. Multiple unit layouts include open-concept kitchen and living areas, walk-in closets, and a lower-level game room with a bar and sitting area. The property also includes two separate garages, plus a large barn and a workshop, offering flexibility for storage and work space.
The setting is across from the town commons, with mature gardens, brick walkways, stone walls, a vegetable garden, and a playground. Tenant convenience is addressed with washer/dryers and plenty of parking, while separate utilities are noted as helping manage operating expenses. The remarks also cite recently updated mechanical systems and easy access to the Lamprey River, Rockingham trails, restaurants, and RT 101.
The configuration supports an owner-occupant model, with the largest unit positioned as a stand-alone home and the other two units available to offset housing costs. With C1 zoning listed for the property, it may be worth evaluating for tenants or operators seeking a residential income setup that also provides on-site space through the garages, barn, and workshop.
The setting is across from the town commons, with mature gardens, brick walkways, stone walls, a vegetable garden, and a playground. Tenant convenience is addressed with washer/dryers and plenty of parking, while separate utilities are noted as helping manage operating expenses. The remarks also cite recently updated mechanical systems and easy access to the Lamprey River, Rockingham trails, restaurants, and RT 101.
The configuration supports an owner-occupant model, with the largest unit positioned as a stand-alone home and the other two units available to offset housing costs. With C1 zoning listed for the property, it may be worth evaluating for tenants or operators seeking a residential income setup that also provides on-site space through the garages, barn, and workshop.
Key Highlights
- Triplex home built in 1848 with wood frame construction and clapboard exterior
- Two separate garages plus a large barn and workshop for storage or expansion options
- Propane forced‑air heating and shingle roof; public water; cable available
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
NOI $62,162 @ 7.0% cap · market cap 6.54%
Second Best
Apartment 5plus
$799.9K
$699.9K – $933.3K
NOI $55,995 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
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
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FAQs
What type of property is this?
Triplex - Triplex offers modern upgrades, separate garages, and additional storage with a barn and workshop on a corner lot.
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 home built in 1848 with wood frame construction and clapboard exterior; Two separate garages plus a large barn and workshop for storage or expansion options; Propane forced‑air heating and shingle roof; public water; cable available
