Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    High-Yield Four-Unit Repositioning Opportunity Title is generated by Realmo AI

    123 Agassiz St, Bethlehem, NH 03574

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $475,000

    Four-unit property with high income potential after renovations.

    Type:Commercial
    Lot size:
    0.17 Acres
    Added:
    Mar 31, 2026
    Days on Market:
    47
    Last Refresh:
    Mar 27 at 4:31 am

    Property Features for 123 Agassiz St

    General Information

    Standard status
    Active
    Lot size
    0.17 Acres
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Derek Greene

    Listing agent Derek Greene License #SBR004802

    Listing office The Greene Realty Group

    Listing date Mar 31, 2026

    Source Elliman

    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 The Greene Realty Group

    HighLights

    • High‑yield, 4‑unit repositioning opportunity with potential for significant income.
    • Pro Forma Gross Income projected over $80,000 annually at 2026 market rates.
    • Three of four apartments fully renovated in 2024.
    • New metal roof installed in 2020.
    • New high‑efficiency propane furnace installed in 2025.
    • Option to acquire as part of a 19‑unit Master Portfolio.

    Overview

    This four-unit property presents a repositioning opportunity with potential for high yield. Capital improvements have been made, including a new metal roof installed in 2020, a rebuilt exterior 3rd-floor egress completed in 2024, and a high-efficiency propane furnace planned for 2025. Three of the four apartments were fully renovated in 2024. The property is operating with strategic vacancy and projects a potentially lucrative Pro Forma Gross Income of over $80,000 annually at 2026 market rates. The exterior siding is aged but requires only a powerwash. The property is located in Bethlehem, NH. It is offered individually, with the exclusive option to acquire as part of a 19-unit Master Portfolio. Showings of empty units are available via lockbox, with a full walkthrough available upon accepted offer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Gym & Fitness Center Hotel & Motel Department Store Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bethlehem
    County
    Grafton
    State
    New Hampshire
    Longitude
    -71.6871468
    Latitude
    44.2770099

    Nearby Similar for Sale

    • $599,000
      3,810 SF

      Bethlehem Multi-Family Value-Add Opportunity

      8-unit multi-family property with value-add potential in Bethlehem, NH.
      56 Church Street, Bethlehem, NH 03574
      View Details
    • $695,000

      Iconic Restaurant and Bar Opportunity

      Turnkey restaurant and bar for sale in Bethlehem, NH.
      2312 Main Street, Bethlehem, NH 03574
      View Details
    • $450,000
      2,256 SF

      Bethlehem Multi-Family Repositioning Opportunity

      High-yield 4-unit property with significant capital improvements and income potential.
      123 Agassiz Street, Bethlehem, NH 03574
      View Details
    • $599,000

      Bethlehem NH 8-Plex Value-Add

      8-unit multifamily property with value-add potential in Bethlehem, NH.
      56 Church Street, Bethlehem, NH 03574
      View Details
    • $450,000

      Bethlehem NH Repositioning Opportunity

      High-yield 4-unit property with significant capital improvements.
      123 Agassiz Street, Bethlehem, NH 03574
      View Details
    • $5,900,000

      Bethlehem Warehouse and Distribution Center

      84,000 SF warehouse with income and expansion potential.
      1014 Profile Road, Bethlehem, NH 03574
      View Details
    • $695,000

      Iconic Restaurant and Bar For Sale

      Turnkey restaurant and bar in Bethlehem, NH with outdoor seating.
      2312 Main St, Bethlehem, NH 03574
      View Details
    • $4,650,000

      Bethlehem, NH Commercial Opportunity

      112-acre campus with 15 buildings, ideal for redevelopment.
      371 West Farm Road, Bethlehem, NH 03574
      View Details
    • $730,000

      Value-Add 8-Plex Investment Opportunity

      8-unit multifamily property with value-add potential in Bethlehem, NH.
      56 Church St, Bethlehem, NH 03574
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit property with high income potential after renovations.
    Where is this quadplex located?
    The property is located at 123 Agassiz St Bethlehem, NH.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: High‑yield, 4‑unit repositioning opportunity with potential for significant income.; Pro Forma Gross Income projected over $80,000 annually at 2026 market rates.; Three of four apartments fully renovated in 2024.
    (860) 560-1006
    We can help!
    Listing Contact
    Derek Greene
    Real Estate License ID: SBR004802
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    123 Agassiz St, Bethlehem, NH 03574
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!