Renovated Triplex with
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
(603) 969-6216
Listed by
Andy Yau · License #074320
(603) 969-6216
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.
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
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 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.