Triplex with Garages and
For Sale
$925,000
1 Old Manchester Road, Raymond, NH 03077
Multi-Family, Raymond, NH
Property Size3,690 SF
Lot Size0.38 Acres
Price / SF$250.68
Days on Market141
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 2, Bedroom 7, Bathroom 4, Bathroom 1, Bedroom 6, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 3, Basement, Bedroom 5, Bedroom 1, Bedroom 8
Lot features
Corner, Landscaped
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 · RE/MAX International
Listed By:
Andy Yau
(603) 431-1111
Added: Jun 2
Changed: Oct 17
Last Checked: Oct 20 at 11:06AM
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.
Built in 1848, this 3,690-square-foot triplex contains three units, with two garages, a barn, and a workshop. The largest residence includes a lower-level game room and bar; another unit has an open kitchen and living area, while the third features a loft bedroom. Washer and dryers are provided, and the units have separate utilities. Recent mechanical updates are also noted. The property sits on a 0.38-acre corner lot with gardens, brick walkways, stone walls, a vegetable garden, and a playground. It is across from the town commons, with access to the Lamprey River, Rockingham trails, restaurants, and Route 101. Zoning is C1. The stated current cap rate is 8.73%, with potential above 11.29%.
Key Highlights
- Three‑unit property with 3,690 square feet of living space
- 0.38‑acre corner lot across from the town commons
- Two garages, a 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
NOI $62,162 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$799.9K
$699.9K – $933.3K
NOI $55,995 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,995 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road 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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Three residences share separate utilities, laundry, parking, and several substantial accessory structures.
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‑unit property with 3,690 square feet of living space; 0.38‑acre corner lot across from the town commons; Two garages, a barn, and a workshop
