Updated Three-Unit Multifamily
12-14 West Street, Concord, NH 03301
For Sale
New
$594,900
Pending
All three apartments are occupied under newly executed 12-month leases.
Property Size2,464 SF
Days on Market6
Property Features for 12-14 West Street
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Covered Porch
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Bhhs Verani Concord
Listed By:
Casey Purinton
(603) 397-8246
Source:
Bobbyvan
Added: Nov 4
Changed: Nov 7
Last Checked: Nov 8 at 3:50PM
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 Bhhs Verani Concord
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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 2,464-square-foot triplex, built in 1900, contains three renovated apartments. Work includes quartz counters, vinyl plank flooring, carpeting, refinished hardwood floors, replacement appliances and windows throughout; two kitchens also have replacement cabinetry. The property is zoned CU within Concord’s Urban Commercial District.
At 12-14 West Street, the building is one block from South Main Street. Residents pay their own electric bills, while heat and hot water are owner-paid. All three units are leased on new 12-month terms.
At 12-14 West Street, the building is one block from South Main Street. Residents pay their own electric bills, while heat and hot water are owner-paid. All three units are leased on new 12-month terms.
Key Highlights
- Three apartments, all leased on new 12‑month terms
- 2,464‑square‑foot triplex built in 1900
- Quartz counters, new appliances and replacement windows throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,393
Cap Rate
5.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,860
$707.9K
Cap Rate 7%
$505,614
$505.6K
Cap Rate 9%
$393,256
$393.3K
Market Conditions
NOI Build-Up for 2,464 SF
Gross rent
$53.2K $21.60/SF
− Vacancy
−$2.7K −$1.08/SF
EGI
$50.6K $20.52/SF
− OpEx
−$15.2K −$6.16/SF
NOI
$35.4K $14.36/SF
Area
Merrimack County, NH
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,860
Cap Rate 7%
$505,614
Cap Rate 9%
$393,256
Alternative Uses
Best Use
Multifamily LT 5
$505.6K
$442.4K – $589.9K
NOI $35,393 @ 7.0% cap · market cap 5.95%
Second Best
Apartment 5plus
$465.9K
$407.7K – $543.6K
NOI $32,614 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$641.6K
$561.4K – $748.5K
NOI $44,910 @ 7.0% cap · market cap 7.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,658
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - All three apartments are occupied under newly executed 12-month leases.
Where is this triplex located?
The property is located at 12-14 West Street Concord, NH.
What is the asking price?
The asking price for this property is $594,900.
What are key features of this property?
This property features: Three apartments, all leased on new 12‑month terms; 2,464‑square‑foot triplex built in 1900; Quartz counters, new appliances and replacement windows throughout
