4-Unit Renovated
New
For Sale
$875,000
101 Indigo Hill Road, Somersworth, NH 03878
Multi-Family, Somersworth, NH
Property Size3,279 SF
Lot Size0.57 Acres
Price / SF$266.85
Days on Market5
Property Features for 101 Indigo Hill Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1A
Rooms
Basement
Lot features
City Lot, Corner, Sidewalks
Standard status
Active
Size
3,279 SF
Lot size
0.57 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10238
Utilities
Utilities
Cable Available
Heating system
Propane (Heating)
Water source
Public
Building Details
Year built
1890
Floors in Building
2
Number of units
4
Building materials
Wood Frame, Brick Exterior
Roof type
Shingle
Architectural style
Other
Buildings
1
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Dover · Keller Williams Realty
(603) 610-8500
Listed By:
Gerry OConnell · License #BR915452
(603) 610-8950
Added: Nov 2
Changed: Nov 3
Last Checked: Nov 6 at 10:06AM
MLS# 5116593
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 four-unit property in Somersworth includes three occupied apartments and one vacant two-bedroom unit. Renovations were completed in 2020, including lead abatement, and the building is certified Lead Safe. The 3,279-square-foot structure sits on a 0.57-acre lot and dates to 1890. Construction includes a wood frame with brick exterior, a shingle roof, basement, propane heat, and public water. Cable is available, and tenants pay their utilities separately.
At 101 Indigo Hill Road, the property is directly across from Jules Bisson Park, which has a playground, baseball field, and play areas. The zoning designation is R1A.
At 101 Indigo Hill Road, the property is directly across from Jules Bisson Park, which has a playground, baseball field, and play areas. The zoning designation is R1A.
Key Highlights
- Four‑unit building with three occupied apartments and one vacant two‑bedroom unit
- Renovated in 2020, with lead abatement and Lead Safe certification
- 3,279 square feet on a 0.57‑acre lot
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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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 apartments are occupied, while a vacant two-bedroom unit offers an owner-occupancy option.
Where is this quadplex located?
The property is located at 101 Indigo Hill Road 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 building with three occupied apartments and one vacant two‑bedroom unit; Renovated in 2020, with lead abatement and Lead Safe certification; 3,279 square feet on a 0.57‑acre lot
