Four-Unit Quadplex with Outdoor
New
For Sale
$849,000
12 Manchester Street, Hampton, NH 03842
Seasonal weekly rentals include private porches, balconies, and dedicated parking.
Property Size2,080 SF
Price / SF$408.17
Days on Market2
Property Features for 12 Manchester Street
General Information
Standard status
Active
Size
2,080 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Zoning
RB
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Parking per Unit
1
Additional Details
Road Access
Yes
Amenities
private porches
private balconies
Building Details
Year Built
1920
Stories
2
Listing Agency:
Bay Market Real Estate
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Sep 5
Last Checked: Sep 5 at 3:02PM
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 Bay Market Real Estate
Investment Insights
Based on property information with market context.
This four-unit quadplex contains four condominium residences, each with 2 bedrooms and 1 bathroom. The first-floor homes include private porches and open living and kitchen areas, while the upper-level residences add private balconies. One second-floor unit also includes a flexible bonus loft. Each residence has one parking space positioned in front of the building.
The property is located at 12 Manchester Street in Hampton, within a short walk of Hampton Beach. The building sits on a dead-end street identified for redevelopment and future projects. It is currently operated as seasonal weekly vacation rentals and is zoned RB. Built in 1920, the property offers a combination of four separately configured units, outdoor space, and on-site parking.
The property is located at 12 Manchester Street in Hampton, within a short walk of Hampton Beach. The building sits on a dead-end street identified for redevelopment and future projects. It is currently operated as seasonal weekly vacation rentals and is zoned RB. Built in 1920, the property offers a combination of four separately configured units, outdoor space, and on-site parking.
Key Highlights
- Four 2‑bedroom, 1‑bath condominium units
- Currently operated as seasonal weekly vacation rentals
- Private porches on both first‑floor units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,040
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$700,800
$700.8K
Cap Rate 7%
$500,571
$500.6K
Cap Rate 9%
$389,333
$389.3K
Market Conditions
NOI Build-Up for 2,080 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$52.4K $25.20/SF
− Vacancy
−$2.4K −$1.13/SF
EGI
$50.1K $24.07/SF
− OpEx
−$15.0K −$7.22/SF
NOI
$35.0K $16.85/SF
Area
Rockingham County, NH
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$700,800
Cap Rate 7%
$500,571
Cap Rate 9%
$389,333
Alternative Uses
Best Use
Multifamily LT 5
$500.6K
$438.0K – $584.0K
NOI $35,040 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$450.9K
$394.5K – $526.1K
NOI $31,563 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$692.5K
$605.9K – $807.9K
NOI $48,474 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
Explore this area
Business Placement
Demographics for 03842, NH
16,048
Population
9,978
Households
1.6
Avg Household Size
53
Median Age
43%
College-Educated
96%
High-School Grad
12.8 sq mi
ZIP Area
1,254
Density / Sq Mi
$94,433
Median Household Income
$53,533
Median Earnings
$1,679
Median Rent
$491,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Seasonal weekly rentals include private porches, balconies, and dedicated parking.
Where is this quadplex located?
The property is located at 12 Manchester Street Hampton, NH.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath condominium units; Currently operated as seasonal weekly vacation rentals; Private porches on both first‑floor units
