Multifamily Portfolio in Concord,
273-279 S Main St Concord, NH 03301
For Sale
$999,999
Well-maintained multifamily portfolio near downtown Concord and I-93.
Property Size4,686 SF
Price / SF$213.40
Days on Market95
Property Features for 273-279 S Main St
General Information
- Standard status
- Active
- Size
- 4,686 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1900
Listing Agency:
Tinkham Realty, Inc.
(603) 475-4907
Listed By:
Nicholas Musto
(603) 475-4907
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 5:30AM
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 Tinkham Realty, Inc.
Investment Insights
Based on property information with market context.
This multifamily portfolio in Concord, New Hampshire, features three residential structures: a Cape, a Ranch, and a classic New Englander. The property offers approximately 4,686 square feet of finished living space. It is well maintained with many updates throughout. The property includes private off-street parking and two paved driveways. A large two-story barn/garage provides ample storage space. The property is serviced by natural gas, public water, and sewer. Located close to I-93 and downtown Concord, residents have easy access to shops, dining, and professional services. The location has a walk score of 93, indicating it is a Walker's Paradise, and a bike score of 55, indicating it is Bikeable.
Key Highlights
- Multifamily portfolio with three distinct residential structures offering diverse rental opportunities.
- Prime location in the heart of Concord, NH, with an impressive Walk Score of 93 (Walker's Paradise).
- Convenient access to I‑93 and downtown Concord's amenities.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $118.1k | $25.20 |
| − Vacancy | −$5.3k | −$1.13 |
| EGI | $112.8k | $24.07 |
| − OpEx | −$50.7k | −$10.83 |
| NOI | $62.0k | $13.24 |
4,686 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$886.1K
$775.3K – $1.03M
NOI $62,025 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,410 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
What type of property is this?
Multifamily property - Well-maintained multifamily portfolio near downtown Concord and I-93.
Where is this multifamily property located?
The property is located at 273-279 S Main St Concord, NH.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Multifamily portfolio with three distinct residential structures offering diverse rental opportunities.; Prime location in the heart of Concord, NH, with an impressive Walk Score of 93 (Walker's Paradise).; Convenient access to I‑93 and downtown Concord's amenities.
