Pittsfield Multi-Family Investment
For Sale
$425,000
14 Chestnut St, Pittsfield, NH 03263
Well-maintained multi-family in central Pittsfield, ideal for investors.
Property Size2,162 SF
Price / SF$196.58
Days on Market113
Property Features for 14 Chestnut St
General Information
Standard status
Active
Size
2,162 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$6,859
Listing Agency:
Coldwell Banker Realty Gilford NH
(603) 832-8815
Listed By:
Joshua Ritson
(603) 832-8815
Source:
Exprealty
Added: May 4
Changed: Aug 23
Last Checked: Jul 30 at 9:31AM
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 Coldwell Banker Realty Gilford NH
Investment Insights
Based on property information with market context.
This multi-family property is located in the heart of Pittsfield. The property offers a combination of pride of ownership and convenience, making it suitable for investors or owner-occupants. Each unit features living spaces with layouts. The property has been thoughtfully cared for. Its central location offers proximity to commuting routes. The property is suitable to build equity, generate rental income, or live in one unit while renting the other. The bike score is 34, indicating it is somewhat bikeable. The walk score is 56, indicating it is somewhat walkable.
Key Highlights
- Affordable multi‑family property in a central Pittsfield location.
- Ideal for investors or owner‑occupants.
- Well‑maintained with pride of ownership evident.
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
$28,617
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
6.73%
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%
$572,340
$572.3K
Cap Rate 7%
$408,814
$408.8K
Cap Rate 9%
$317,967
$318.0K
Market Conditions
NOI Build-Up for 2,162 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
$54.5K $25.20/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$52.0K $24.07/SF
− OpEx
−$23.4K −$10.83/SF
NOI
$28.6K $13.24/SF
Area
Merrimack County, NH
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
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%
$572,340
Cap Rate 7%
$408,814
Cap Rate 9%
$317,967
Alternative Uses
Best Use
Apartment 5plus
$408.8K
$357.7K – $477.0K
NOI $28,617 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$562.9K
$492.6K – $656.8K
NOI $39,406 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Explore this area
Business Placement
Demographics for 03263, NH
4,094
Population
1,868
Households
2.2
Avg Household Size
41
Median Age
20%
College-Educated
91%
High-School Grad
24.5 sq mi
ZIP Area
167
Density / Sq Mi
$66,823
Median Household Income
$43,466
Median Earnings
$1,185
Median Rent
$270,600
Median Home Value
Market
Vacancy Rate% for Multifamily 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?
Multifamily property - Well-maintained multi-family in central Pittsfield, ideal for investors.
Where is this multifamily property located?
The property is located at 14 Chestnut St Pittsfield, NH.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Affordable multi‑family property in a central Pittsfield location.; Ideal for investors or owner‑occupants.; Well‑maintained with pride of ownership evident.
