Five-Unit Apartment
For Sale
$799,000
11 Orange St, Farmington, NH 03835
Mixed one- and two-bedroom unit layout with public water, sewer, and propane forced-air heat.
Property Size3,248 SF
Price / SF$245
Days on Market41
Property Features for 11 Orange St
General Information
Standard status
Active
Size
3,248 SF
Property subtype
Multi-Family
Building Details
Year Built
1890
Listing Agency:
Century 21 North East
Listed By:
Scott Forte
(603) 690-0000
Source:
Samonasgroup
Added: Sep 22
Changed: Oct 31
Last Checked: Oct 7 at 4:06PM
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 Century 21 North East
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Investment Insights
Based on property information with market context.
This 1890 apartment building contains five residential units arranged as three one-bedroom residences and two two-bedroom residences. The property provides approximately 3,248 square feet of finished living area, with vinyl siding, propane forced-air heat, and a paved driveway serving the building. Public water and sewer support the existing configuration.
Located at 11 Orange Street in Farmington, New Hampshire, the property occupies a 0.22-acre city lot along a public-maintained road. Approximately 170 feet of road frontage provides a substantial street presence, while VC VIL zoning identifies the property's current land-use designation.
Located at 11 Orange Street in Farmington, New Hampshire, the property occupies a 0.22-acre city lot along a public-maintained road. Approximately 170 feet of road frontage provides a substantial street presence, while VC VIL zoning identifies the property's current land-use designation.
Key Highlights
- Five‑unit apartment building with three 1‑bedroom and two 2‑bedroom units
- Approximately 3,248 square feet of finished living area
- 0.22‑acre city lot at 11 Orange Street, Farmington, NH 03835
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,409
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,180
$608.2K
Cap Rate 7%
$434,414
$434.4K
Cap Rate 9%
$337,878
$337.9K
Market Conditions
NOI Build-Up for 3,248 SF
Gross rent
$57.3K $17.64/SF
− Vacancy
−$2.0K −$0.62/SF
EGI
$55.3K $17.02/SF
− OpEx
−$24.9K −$7.66/SF
NOI
$30.4K $9.36/SF
Area
Strafford County, NH
Vacancy
3.50%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,180
Cap Rate 7%
$434,414
Cap Rate 9%
$337,878
Alternative Uses
Best Use
Apartment 5plus
$434.4K
$380.1K – $506.8K
NOI $30,409 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$868.9K
$760.3K – $1.01M
NOI $60,826 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
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Business Placement
Demographics for 03835, NH
6,758
Population
2,994
Households
2.3
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
36.8 sq mi
ZIP Area
184
Density / Sq Mi
$63,704
Median Household Income
$33,333
Median Earnings
$963
Median Rent
$273,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Mixed one- and two-bedroom unit layout with public water, sewer, and propane forced-air heat.
Where is this apartment building located?
The property is located at 11 Orange St Farmington, NH.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Five‑unit apartment building with three 1‑bedroom and two 2‑bedroom units; Approximately 3,248 square feet of finished living area; 0.22‑acre city lot at 11 Orange Street, Farmington, NH 03835
