Triplex with Garages and
For Sale
$925,000
1 Old Manchester Road, Raymond, NH 03077
Multi-Family, Raymond, NH
Property Size5,346 SF
Lot Size0.38 Acres
Price / SF$173.03
Days on Market147
Property Features for 1 Old Manchester Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
C1
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bedroom 1, Bathroom 4, Basement, Bathroom 3, Bedroom 2, Bedroom 5, Bedroom 6, Bedroom 7, Bathroom 1, Bathroom 2, Bedroom 8, Bedroom 3
Lot features
Corner, Landscaped
Standard status
Active
Size
5,346 SF
Lot size
0.38 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
unspecified utilities
Utilities
Utilities
Cable Available
Heating system
Propane (Heating), Forced Air
Water source
Public
Amenities
washer/dryers
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 · RE/MAX International
Listed By:
Andy Yau
(603) 431-1111
Added: Jun 2
Changed: Oct 25
Last Checked: Oct 26 at 1:06AM
MLS# 5092224
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.
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Investment Insights
Based on property information with market context.
This 1848 wood-frame triplex contains 5,346 square feet across three residential units on a 0.38-acre lot. The property also includes two garages, a barn, and a workshop. Interior features include hardwood floors, updated kitchens, and a finished lower-level recreation area in the largest unit. Each unit has separate utilities, and tenants have access to washer/dryers and on-site parking. Heating is propane forced air, and the property has public water and cable availability.
Zoned C1, the property occupies a corner lot across from the town commons. Route 101, the Lamprey River, Rockingham trails, and local restaurants are cited nearby. The reported cap rate is 8.73%, with potential stated above 11.29%.
Zoned C1, the property occupies a corner lot across from the town commons. Route 101, the Lamprey River, Rockingham trails, and local restaurants are cited nearby. The reported cap rate is 8.73%, with potential stated above 11.29%.
Key Highlights
- Three residential units in a 5,346‑square‑foot building
- 0.38‑acre corner parcel zoned C1
- Two garages, a barn, and a workshop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,124
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,622,480
$1.6M
Cap Rate 7%
$1,158,914
$1.2M
Cap Rate 9%
$901,378
$901.4K
Market Conditions
NOI Build-Up for 5,346 SF
Gross rent
$154.0K $28.80/SF
− Vacancy
−$6.5K −$1.21/SF
EGI
$147.5K $27.59/SF
− OpEx
−$66.4K −$12.42/SF
NOI
$81.1K $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 Rate 5%
$1,622,480
Cap Rate 7%
$1,158,914
Cap Rate 9%
$901,378
Alternative Uses
Best Use
Multifamily LT 5
$1.29M
$1.13M – $1.50M
NOI $90,060 @ 7.0% cap · market cap 9.74%
Second Best
Apartment 5plus
$1.16M
$1.01M – $1.35M
NOI $81,124 @ 7.0% cap · market cap 8.77%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,588 @ 7.0% cap · market cap 13.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
209
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units share a corner parcel with separate utilities and two garages.
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: Three residential units in a 5,346‑square‑foot building; 0.38‑acre corner parcel zoned C1; Two garages, a barn, and a workshop
