4-Unit Multifamily
11-15 Forrest Road, Northfield, NH 03276
For Sale
$750,000
Three houses offer four units with a mix of bedroom layouts and access to public water and sewer.
Property Size2,019 SF
Lot Size0.67 Acres
Price / SF$371.47
Days on Market64
Property Features for 11-15 Forrest Road
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Utilities to Site
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Buildings
Listing Agency:
Lochview Realty, LLC
(603) 630-3215
Listed By:
Tracey Secula · License #Tracey Secula
Source:
Longviewcre
Added: Sep 7
Changed: Nov 8
Last Checked: Nov 8 at 3:10PM
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 Lochview Realty, LLC
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Investment Insights
Based on property information with market context.
The property brings together four units in three houses. One is a four-bedroom, two-bath Cape; another is a Gambrel-style duplex with two bedrooms on the lower level and one upstairs. The third is a three-bedroom manufactured ranch with an addition. The property was built in 1973.
The 2/3-acre parcel has level areas as well as slopes leading to a year-round stream. Public water and sewer serve the property, which is just off Park Street near Exit 19 in Northfield, New Hampshire.
The 2/3-acre parcel has level areas as well as slopes leading to a year-round stream. Public water and sewer serve the property, which is just off Park Street near Exit 19 in Northfield, New Hampshire.
Key Highlights
- Four units across three houses: a four‑bedroom, two‑bath Cape, a Gambrel duplex, and a three‑bedroom manufactured ranch with addition
- The Gambrel‑style house has two bedrooms downstairs and one upstairs
- 2/3‑acre lot with level areas and slopes to a year‑round stream
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,088
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,760
$541.8K
Cap Rate 7%
$386,971
$387.0K
Cap Rate 9%
$300,978
$301.0K
Market Conditions
NOI Build-Up for 2,019 SF
Gross rent
$50.9K $25.20/SF
− Vacancy
−$1.6K −$0.81/SF
EGI
$49.3K $24.39/SF
− OpEx
−$22.2K −$10.98/SF
NOI
$27.1K $13.42/SF
Area
Belknap County, NH
Vacancy
3.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,760
Cap Rate 7%
$386,971
Cap Rate 9%
$300,978
Alternative Uses
Best Use
Apartment 5plus
$387.0K
$338.6K – $451.5K
NOI $27,088 @ 7.0% cap · market cap 3.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$480.1K
$420.1K – $560.2K
NOI $33,609 @ 7.0% cap · market cap 4.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Explore this area
Business Placement
Demographics for 03276, NH
8,766
Population
3,984
Households
2.2
Avg Household Size
44
Median Age
26%
College-Educated
91%
High-School Grad
39.3 sq mi
ZIP Area
223
Density / Sq Mi
$79,270
Median Household Income
$47,810
Median Earnings
$1,024
Median Rent
$245,500
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Belknap County, NH
Properties on Market for Multifamily properties in Belknap County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three houses offer four units with a mix of bedroom layouts and access to public water and sewer.
Where is this multifamily property located?
The property is located at 11-15 Forrest Road Northfield, NH.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Four units across three houses: a four‑bedroom, two‑bath Cape, a Gambrel duplex, and a three‑bedroom manufactured ranch with addition; The Gambrel‑style house has two bedrooms downstairs and one upstairs; 2/3‑acre lot with level areas and slopes to a year‑round stream
