Student Boarding
50 Madbury Road Durham, NH 03824
For Sale
$850,000
Well-maintained boarding house set up for eight students, with parking on a large lot near downtown.
Property Size2,973 SF
Price / SF$285.91
Days on Market25
Property Features for 50 Madbury Road
General Information
- Standard status
- Active
- Size
- 2,973 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1935
Listing Agency:
Compass New England, LLC
(603) 319-4660
Listed By:
Robert Marchewka
(603) 319-4660
Source:
Laerrealty
Added: Jun 30
Changed: Jul 10
Last Checked: Jul 23 at 3:29AM
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 Compass New England, LLC
Investment Insights
Based on property information with market context.
This well-maintained boarding house is currently configured to house eight students. The property is operated as a residential income use, with a proven student rental setup in place and ongoing use supporting its day-to-day functionality.
Set on a large lot with parking, the property offers practical on-site convenience. It is described as walkable to downtown, giving it an easy, local accessibility advantage for tenants who rely on nearby amenities and services.
For buyers seeking a small student housing asset, this property provides an immediate, purpose-built boarding arrangement for eight residents rather than a generic residential conversion. The listing also notes a current NOI of $64,000 and directs buyers to the broker for financial information. Investors and owner-operators can review operating history and current income details through the broker to determine fit and next steps based on their underwriting and business plan.
Set on a large lot with parking, the property offers practical on-site convenience. It is described as walkable to downtown, giving it an easy, local accessibility advantage for tenants who rely on nearby amenities and services.
For buyers seeking a small student housing asset, this property provides an immediate, purpose-built boarding arrangement for eight residents rather than a generic residential conversion. The listing also notes a current NOI of $64,000 and directs buyers to the broker for financial information. Investors and owner-operators can review operating history and current income details through the broker to determine fit and next steps based on their underwriting and business plan.
Key Highlights
- Boarding house built in 1935, currently set up for eight students
- Well‑maintained property used as a student boarding house with on‑site parking
- Large lot with parking and within walking distance to downtown
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 | $52.4k | $17.64 |
| − Vacancy | −$1.8k | −$0.62 |
| EGI | $50.6k | $17.02 |
| − OpEx | −$22.8k | −$7.66 |
| NOI | $27.8k | $9.36 |
2,973 SF · lease $17.64/SF/yr · vacancy 3.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$397.6K
$347.9K – $463.9K
NOI $27,835 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$795.4K
$696.0K – $927.9K
NOI $55,676 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Well-maintained boarding house set up for eight students, with parking on a large lot near downtown.
Where is this apartment building located?
The property is located at 50 Madbury Road Durham, NH.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Boarding house built in 1935, currently set up for eight students; Well‑maintained property used as a student boarding house with on‑site parking; Large lot with parking and within walking distance to downtown
