Multifamily Residence with Six
For Sale
$775,000
102 North State St, Concord, NH 03301
Flexible layout includes private entrances, onsite parking, and a walk-out basement.
Property Size4,256 SF
Price / SF$182.10
Days on Market73
Property Features for 102 North State St
General Information
Standard status
Active
Size
4,256 SF
Property subtype
Multi-Family
Amenities
fireplaces
private porch
Building Details
Year Built
1760
Listing Agency:
BHG Masiello Concord
Listed By:
Susan Roemer
(603) 715-3038
Source:
Megansellsnh
Added: Aug 3
Changed: Oct 7
Last Checked: Oct 12 at 9:54PM
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 BHG Masiello Concord
Investment Insights
Based on property information with market context.
Built circa 1760, this multifamily residence combines period architecture with a flexible configuration. The property includes 7 bedrooms, 4 bathrooms, six fireplaces, detailed wood moldings, Victorian-era elements, and a prominent front staircase. Private entrances support the current multifamily arrangement and may accommodate an in-home business, while the property also offers potential for conversion to a single-family residence.
A granite-and-brick basement provides 10-foot ceilings, walk-out access, and space for an oversized workshop or other uses. Additional features include ample onsite parking and a private porch oriented toward the back garden. The property is located at 102 North State Street in Concord, a short walk from downtown.
A granite-and-brick basement provides 10-foot ceilings, walk-out access, and space for an oversized workshop or other uses. Additional features include ample onsite parking and a private porch oriented toward the back garden. The property is located at 102 North State Street in Concord, a short walk from downtown.
Key Highlights
- Built circa 1760 with Victorian‑era architectural details
- Configured with 7 bedrooms and 4 bathrooms
- Six fireplaces and detailed wood moldings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,334
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,126,680
$1.1M
Cap Rate 7%
$804,771
$804.8K
Cap Rate 9%
$625,933
$625.9K
Market Conditions
NOI Build-Up for 4,256 SF
Gross rent
$107.3K $25.20/SF
− Vacancy
−$4.8K −$1.13/SF
EGI
$102.4K $24.07/SF
− OpEx
−$46.1K −$10.83/SF
NOI
$56.3K $13.24/SF
Area
Merrimack County, NH
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,126,680
Cap Rate 7%
$804,771
Cap Rate 9%
$625,933
Alternative Uses
Best Use
Apartment 5plus
$804.8K
$704.2K – $938.9K
NOI $56,334 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$969.7K – $1.29M
NOI $77,572 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,110
Businesses Nearby
Explore this area
Business Placement
Demographics for 03301, NH
33,352
Population
14,486
Households
2.3
Avg Household Size
43
Median Age
42%
College-Educated
92%
High-School Grad
49.2 sq mi
ZIP Area
678
Density / Sq Mi
$85,943
Median Household Income
$49,749
Median Earnings
$1,355
Median Rent
$344,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Flexible layout includes private entrances, onsite parking, and a walk-out basement.
Where is this multifamily property located?
The property is located at 102 North State St Concord, NH.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Built circa 1760 with Victorian‑era architectural details; Configured with 7 bedrooms and 4 bathrooms; Six fireplaces and detailed wood moldings
