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    Renovated Triplex with Garages Title is generated by Realmo AI

    1 Old Manchester Road, Raymond, NH 03077

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    Claim this Listing
    New
    For Sale
    $975,000

    Triplex property with modern updates, historic character, multiple outbuildings, and separate utilities across spacious corner-lot grounds.

    Type:Multi Family Home
    Property size:
    3,690 SF
    Price / SF:
    $264/SF
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 5:03 am

    Property Features for 1 Old Manchester Road

    General Information

    Standard status
    Active
    Size
    3,690 SF
    Property subtype
    Multi Family Home

    Building Details

    Year Built
    1848

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    Listing Contact
    Andy Yau
    Andy Yau

    Listing agent Andy Yau License #074320

    Listing office Re/Max Shoreline

    Listing date Jun 4, 2026

    Source Threehillsres

    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 Re/Max Shoreline

    HighLights

    • Triplex built in 1848 with historic character and modern updates, including exposed wood beams, crown molding, and hardwood floors.
    • Includes 2 separate garages plus a large barn and workshop, offering storage and expansion options.
    • Corner lot across from the town commons with mature gardens, brick walkways, stone walls, a vegetable garden, and a playground.
    • Tenants have washer/dryers and plenty of parking; separate utilities help keep tenant expenses low.
    • Lower level game room with bar and sitting area; unit layouts include open‑concept living/kitchen plus a loft bedroom in the 3rd unit.
    • Recently updated mechanical systems with easy access to the Lamprey River, Rockingham trails, restaurants, and RT 101; potential cap rate over 9%.

    Overview

    This renovated triplex blends modern upgrades with established historic character and thoughtful interior detailing. The property includes two separate garages plus a large barn and a workshop, providing flexible options for storage and expansion. The largest unit is designed to feel like a stand-alone home, with exposed wood beams, crown molding, custom light fixtures, built-in arched shelving, and hardwood floors. The kitchen features earth-tone mosaic tile backsplash, granite countertops, sage green cabinetry, a custom pine island, an arched brick oven, and stainless steel appliances. A standout bathroom includes hexagon tile flooring, pressed-tin ceilings, and a copper-sink vanity. Additional layout highlights include generously sized bedrooms with walk-in closets and a lower level game room with bar and sitting area. The second unit offers an open-concept kitchen and living area with hardwood floors, white subway tile, white granite, and a custom pine island. The third unit includes an open-concept kitchen/living space and a loft-style bedroom.

    Set on a spacious corner lot across from the town commons, the grounds include mature gardens, brick walkways, stone walls, a vegetable garden, and a playground. Tenants benefit from in-unit washer/dryers and plenty of parking, and the property is supported by separate utilities. Mechanical systems have been recently updated, and the location provides easy access to the Lamprey River, Rockingham trails, restaurants, and RT 101.

    This is a strong fit for an owner-occupant seeking to live in the largest unit while generating rental income from the two additional residences, with separate utilities supporting each unit’s day-to-day expenses.

    Local Financial Insights For Multifamily LT 5

    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 $93.0k $25.20
    − Vacancy −$4.2k −$1.13
    EGI $88.8k $24.07
    − OpEx −$26.6k −$7.22
    NOI $62.2k $16.85
    3,690 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $888.0K
    $777.0K – $1.04M (±1% cap)
    NOI $62,162 @ 7.0% cap · market cap 6.38%
    Second Best
    Apartment 5plus
    $799.9K
    $699.9K – $933.3K (±1% cap)
    NOI $55,995 @ 7.0% cap · market cap 5.74%
    Theoretical Best
    Office A
    $1.23M
    $1.07M – $1.43M (±1% cap)
    NOI $85,995 @ 7.0% cap · market cap 8.82%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Raymond
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -71.196281
    Latitude
    43.030838

    FAQs

    What type of property is this?
    Triplex - Triplex property with modern updates, historic character, multiple outbuildings, and separate utilities across spacious corner-lot grounds.
    Where is this triplex located?
    The property is located at 1 Old Manchester Road Raymond, NH.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: Triplex built in 1848 with historic character and modern updates, including exposed wood beams, crown molding, and hardwood floors.; Includes 2 separate garages plus a large barn and workshop, offering storage and expansion options.; Corner lot across from the town commons with mature gardens, brick walkways, stone walls, a vegetable garden, and a playground.
    More about this property
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