Five-Unit Apartment
New
For Sale
$950,000
112 Hillcrest Drive, New London, NH 03257
Multi-Family, New London, NH
Property Size3,826 SF
Lot Size1.40 Acres
Price / SF$248.30
Days on Market4
Property Features for 112 Hillcrest Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R1 W/O
Bedrooms
8
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 6, Bathroom 3, Bathroom 4, Bedroom 1, Bathroom 1, Bedroom 3, Bedroom 5, Bathroom 2, Bathroom 5, Bedroom 4, Bedroom 7, Bedroom 8, Bedroom 2
Lot features
Level, Trail/ Near Trail, Walking Trails, Near Country Club, Near Golf Course, Near Skiing, Neighborhood, Near Hospital, Private
Elementary school
Kearsarge Elem New London
Middle school
Kearsarge Regional Middle Sch
High school
Kearsarge Regional HS
Elementary school district
Kearsarge Sch Dst SAU #65
Middle school district
Kearsarge Sch Dst SAU #65
High school district
Kearsarge Sch Dst SAU #65
Standard status
Active
Size
3,826 SF
Lot size
1.40 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
5370
Utilities
Heating system
Hot Water(Heating)
Water source
Well, Private
Building Details
Year built
1900
Floors in Building
3
Number of units
5
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
Dolan Real Estate
(603) 763-6033
Listed By:
Anthony Dolan
(603) 359-9177
Added: Oct 26
Changed: Oct 28
Last Checked: Oct 29 at 2:06PM
MLS# 5115746
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 3,826-square-foot apartment building in New London contains five units: two one-bedroom apartments and three two-bedroom apartments. The wood-frame structure was built in 1900 and has hot-water heating.
The property occupies 1.4 acres and is zoned R1 W/O. Its water sources are private well water.
The property occupies 1.4 acres and is zoned R1 W/O. Its water sources are private well water.
Key Highlights
- Five apartments: two one‑bedroom units and three two‑bedroom units
- 3,826 square feet on 1.4 acres
- Built in 1900 with wood‑frame construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,642
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,012,840
$1.0M
Cap Rate 7%
$723,457
$723.5K
Cap Rate 9%
$562,689
$562.7K
Market Conditions
NOI Build-Up for 3,826 SF
Gross rent
$96.4K $25.20/SF
− Vacancy
−$4.3K −$1.13/SF
EGI
$92.1K $24.07/SF
− OpEx
−$41.4K −$10.83/SF
NOI
$50.6K $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%
$1,012,840
Cap Rate 7%
$723,457
Cap Rate 9%
$562,689
Alternative Uses
Best Use
Apartment 5plus
$723.5K
$633.0K – $844.0K
NOI $50,642 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$996.2K
$871.7K – $1.16M
NOI $69,735 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Demographics for 03257, NH
4,513
Population
2,395
Households
1.9
Avg Household Size
51
Median Age
65%
College-Educated
99%
High-School Grad
23.6 sq mi
ZIP Area
191
Density / Sq Mi
$89,750
Median Household Income
$38,904
Median Earnings
$1,569
Median Rent
$469,000
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
Frequently Asked Questions
What type of property is this?
Apartment building - The wood-frame property contains a mix of one- and two-bedroom apartments.
Where is this apartment building located?
The property is located at 112 Hillcrest Drive New London, NH.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Five apartments: two one‑bedroom units and three two‑bedroom units; 3,826 square feet on 1.4 acres; Built in 1900 with wood‑frame construction
