Three-Unit Multifamily
140 School Street Bristol, NH 03222
140 School Street, Bristol, NH, 03222
$475,000
For Sale
$475,000
Three-bedroom triplex with a new roof and updated mechanicals, with the first unit currently vacant.
Property Size3,000 SF
Price / SF$158.33
Days on Market50
Property Features for 140 School Street
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1900
Listing agency
Ejg Property Management, LLC
(603) 765-0738
Listed by
Elias Gerjes
(603) 765-0738
Source
Threehillsres
Added: Jun 4 Updated: Jul 22 at 3:02PM Checked: Jul 22 at 3:02PM
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 Ejg Property Management, LLC
Investment Insights
Based on property information with market context.
This three-unit multifamily building offers three bedrooms in each unit. The property has a new roof installed in 2021. Unit 1 has updated heaters and windows, Unit 2 has new heaters, and Unit 3 includes a new gas stove. The building also includes additional onsite storage space, and the first floor unit is currently vacant.
The property is adjacent to the Sugar Hill State Forest and is located in a school zone. It is described as a short walk to the school, community center, and downtown.
With three separate residences in one building and ongoing upgrades to the roof and select unit components, the property is suited for either investor ownership or owner occupancy, depending on how the units are managed and occupied.
The property is adjacent to the Sugar Hill State Forest and is located in a school zone. It is described as a short walk to the school, community center, and downtown.
With three separate residences in one building and ongoing upgrades to the roof and select unit components, the property is suited for either investor ownership or owner occupancy, depending on how the units are managed and occupied.
Key Highlights
- Three‑unit multifamily triplex with three bedrooms each unit
- New roof installed in 2021
- Unit 1 has new heaters and new windows; first floor is currently vacant
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 | $45.0k | $15.00 |
| − Vacancy | −$2.5k | −$0.83 |
| EGI | $42.5k | $14.17 |
| − OpEx | −$12.8k | −$4.25 |
| NOI | $29.8k | $9.92 |
3,000 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$425.2K
$372.1K – $496.1K
NOI $29,767 @ 7.0% cap · market cap 6.27%
Second Best
Apartment 5plus
$389.6K
$340.9K – $454.6K
NOI $27,275 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$659.9K
$577.4K – $769.9K
NOI $46,194 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-bedroom triplex with a new roof and updated mechanicals, with the first unit currently vacant.
Where is this triplex located?
The property is located at 140 School Street Bristol, NH.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Three‑unit multifamily triplex with three bedrooms each unit; New roof installed in 2021; Unit 1 has new heaters and new windows; first floor is currently vacant
