Multi-Use Income Property with
For Sale
$1,399,000
132 Barretts Hill Road, Hudson, NH 03061
Four residential units plus a detached commercial-style building and a climate-controlled garage with large overhead doors.
Property Size3,820 SF
Price / SF$223.84
Days on Market30
Property Features for 132 Barretts Hill Road
General Information
Standard status
Active
Size
3,820 SF
Property subtype
Multi Family Home
Zoning
G-1
Additional Details
Service Bays
2
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$11,520
Building Details
Building Size
3,820 SF
Year Built
1970
Stories
2
Units
4
Listing Agency:
Re/Max Innovative Properties
(603) 434-4101
Listed By:
Andrew White
(603) 434-4101
Source:
Threehillsres
Added: Jul 25
Changed: Aug 23
Last Checked: Aug 23 at 5:12AM
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 Innovative Properties
Investment Insights
Based on property information with market context.
This multi-use property includes four well-appointed units and a detached commercial-style building. Unit B features a three-bedroom layout with an updated kitchen that includes granite countertops, a center island, tile backsplash, stainless steel appliances, luxury vinyl flooring, and an in-unit washer/dryer. The family room offers cathedral ceilings, a gas fireplace with granite surround, custom built-ins, oversized windows, and access to an expansive rear deck.
Unit B also includes an attached in-law apartment on two levels with a granite kitchen, updated appliances, a spacious bedroom with a cedar-lined closet, a separate entrance, and shared laundry. Unit A is a first-floor two-bedroom apartment with hardwood flooring, granite countertops, new carpet, shared laundry, garage parking, and access to a front farmer’s porch.
A detached rear building provides finished office or living space with two bedrooms, cathedral ceilings, a granite kitchenette, a full bath, custom oak built-ins, stained glass accents, and in-unit laundry. Below, the climate-controlled commercial garage is equipped with two oversized 9-foot overhead doors (with potential for a third bay), a vehicle repair pit, I-beam hoist, air compressor, workbench, extensive storage, and additional utility space. A storage shed with an overhead door adds further capacity.
Unit B also includes an attached in-law apartment on two levels with a granite kitchen, updated appliances, a spacious bedroom with a cedar-lined closet, a separate entrance, and shared laundry. Unit A is a first-floor two-bedroom apartment with hardwood flooring, granite countertops, new carpet, shared laundry, garage parking, and access to a front farmer’s porch.
A detached rear building provides finished office or living space with two bedrooms, cathedral ceilings, a granite kitchenette, a full bath, custom oak built-ins, stained glass accents, and in-unit laundry. Below, the climate-controlled commercial garage is equipped with two oversized 9-foot overhead doors (with potential for a third bay), a vehicle repair pit, I-beam hoist, air compressor, workbench, extensive storage, and additional utility space. A storage shed with an overhead door adds further capacity.
Key Highlights
- Multi‑use property on a private wooded lot built in 1970 with four residential units plus a detached commercial‑style building.
- Unit B: 3‑bedroom apartment with updated kitchen (granite center island, tile backsplash, stainless appliances, luxury vinyl) plus in‑unit washer/dryer.
- Unit B living area features cathedral ceilings, gas fireplace with granite surround, custom built‑ins, oversized windows, and access to a rear deck.
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
$109,730
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
7.84%
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%
$2,194,600
$2.2M
Cap Rate 7%
$1,567,571
$1.6M
Cap Rate 9%
$1,219,222
$1.2M
Market Conditions
NOI Build-Up for 6,250 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
$168.8K $27.00/SF
− Vacancy
−$22.4K −$3.59/SF
EGI
$146.3K $23.41/SF
− OpEx
−$36.6K −$5.85/SF
NOI
$109.7K $17.56/SF
Area
Hillsborough County, NH
Vacancy
13.30%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
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%
$2,194,600
Cap Rate 7%
$1,567,571
Cap Rate 9%
$1,219,222
Alternative Uses
Best Use
Office B
$1.57M
$1.37M – $1.83M
NOI $109,730 @ 7.0% cap · market cap 7.84%
Second Best
Multifamily LT 5
$1.31M
$1.15M – $1.53M
NOI $91,783 @ 7.0% cap · market cap 6.56%
Theoretical Best
Specialty Retail
$11.45M
$10.02M – $13.36M
NOI $801,563 @ 7.0% cap · market cap 57.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Service bays
4
Residential units
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units plus a detached commercial-style building and a climate-controlled garage with large overhead doors.
Where is this quadplex located?
The property is located at 132 Barretts Hill Road Hudson, NH.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Multi‑use property on a private wooded lot built in 1970 with four residential units plus a detached commercial‑style building.; Unit B: 3‑bedroom apartment with updated kitchen (granite center island, tile backsplash, stainless appliances, luxury vinyl) plus in‑unit washer/dryer.; Unit B living area features cathedral ceilings, gas fireplace with granite surround, custom built‑ins, oversized windows, and access to a rear deck.
