Renovated 4-Unit
New
For Sale
$875,000
101 Indigo Hill Rd, Somersworth, NH 03878
Three occupied apartments provide rental income, while a vacant two-bedroom unit offers a separate occupancy option.
Property Size3,279 SF
Price / SF$266.85
Days on Market5
Property Features for 101 Indigo Hill Rd
General Information
Standard status
Active
Size
3,279 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Building Details
Year Built
1890
Year Renovated
2020
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Dover
Listed By:
Gerry OConnell Gerry@OConnellRE.com
Source:
Findhomesinnh
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 4 at 2:31PM
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 KW Coastal and Lakes & Mountains Realty/Dover
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Investment Insights
Based on property information with market context.
This four-unit multifamily property at 101 Indigo Hill Rd in Somersworth has three tenant-occupied apartments and one vacant two-bedroom unit. Renovation work was completed in 2020, including lead abatement, and the building is certified Lead Safe. Tenants pay their utilities separately. The property was built in 1890.
Jules Bisson Park, which includes a playground, baseball field, and play areas, is directly across the street.
Jules Bisson Park, which includes a playground, baseball field, and play areas, is directly across the street.
Key Highlights
- Four‑unit multifamily building with three tenants in place and one vacant 2‑bedroom unit
- Renovated in 2020 with lead abatement; certified Lead Safe
- Tenants pay separate utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,286
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,720
$665.7K
Cap Rate 7%
$475,514
$475.5K
Cap Rate 9%
$369,844
$369.8K
Market Conditions
NOI Build-Up for 3,279 SF
Gross rent
$49.2K $15.00/SF
− Vacancy
−$1.6K −$0.50/SF
EGI
$47.6K $14.50/SF
− OpEx
−$14.3K −$4.35/SF
NOI
$33.3K $10.15/SF
Area
Strafford County, NH
Vacancy
3.32%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,720
Cap Rate 7%
$475,514
Cap Rate 9%
$369,844
Alternative Uses
Best Use
Multifamily LT 5
$475.5K
$416.1K – $554.8K
NOI $33,286 @ 7.0% cap · market cap 3.80%
Second Best
Apartment 5plus
$438.6K
$383.7K – $511.7K
NOI $30,699 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$877.2K
$767.6K – $1.02M
NOI $61,406 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
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Business Placement
Demographics for 03878, NH
11,919
Population
5,722
Households
2.1
Avg Household Size
40
Median Age
29%
College-Educated
95%
High-School Grad
9.8 sq mi
ZIP Area
1,216
Density / Sq Mi
$79,691
Median Household Income
$47,638
Median Earnings
$1,410
Median Rent
$295,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Three occupied apartments provide rental income, while a vacant two-bedroom unit offers a separate occupancy option.
Where is this quadplex located?
The property is located at 101 Indigo Hill Rd Somersworth, NH.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Four‑unit multifamily building with three tenants in place and one vacant 2‑bedroom unit; Renovated in 2020 with lead abatement; certified Lead Safe; Tenants pay separate utilities
