4-Unit Quadplex with
For Sale
Under Contract
$739,900
17 Broad Street, Somersworth, NH 03878
Multi-Family, Somersworth, NH
Property Size3,841 SF
Lot Size0.25 Acres
Price / SF$192.63
Days on Market48
Property Features for 17 Broad Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R3H
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 3, Bedroom 8, Bedroom 3, Bedroom 4, Bathroom 4, Basement, Bedroom 7, Bathroom 2
Parking features
Off Street, On Street, Garage, Driveway
Lot features
Level, Sidewalks, In Town, Near Shopping, Near Public Transport, Near Hospital, Near School(s)
Directions
RT-16N > Exit 9 > R on Indigo Hill Rd > L on Main St > L on Franklin St > 17 Broad St is on the left.
Standard status
Active Under Contract
Size
3,841 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10945
Utilities
Utilities
Cable Available
Heating system
Hot Water(Heating), Natural Gas
Cooling system
Attic Fan
Water source
Public
Amenities
off-street parking
storage
full unfinished basement
attic storage
backyard
Building Details
Year built
1834
Floors in Building
2
Number of units
4
Flooring type
Hardwood, Vinyl
Building materials
Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
Realty One Group Next Level - Nashua
(603) 262-3500
Listed By:
Brianne Healey
(603) 389-6604
Added: Jul 5
Changed: Aug 20
Last Checked: Aug 21 at 12:06AM
MLS# 5098190
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4-unit quadplex offers 3,841 square feet of finished living space and is fully occupied. The building includes generously sized bedrooms, living rooms, and kitchens across four apartments, along with a full unfinished basement and additional attic storage. Interior finishes include hardwood and vinyl flooring, vinyl siding, and a shingle roof. Heating is provided by natural gas hot water, with an attic fan for cooling.
The property is situated on a 0.25-acre lot at 17 Broad Street in Somersworth, NH, zoned R3H. Parking is available via driveway, off-street options, and a garage, with on-street parking also noted. Utilities include public water and cable available.
Recent improvements include updated siding, roof, windows, exterior stairs, and decking, supporting a lower-maintenance ownership experience. Off the main living areas, the large backyard provides outdoor space that is uncommon for multifamily properties.
The property is situated on a 0.25-acre lot at 17 Broad Street in Somersworth, NH, zoned R3H. Parking is available via driveway, off-street options, and a garage, with on-street parking also noted. Utilities include public water and cable available.
Recent improvements include updated siding, roof, windows, exterior stairs, and decking, supporting a lower-maintenance ownership experience. Off the main living areas, the large backyard provides outdoor space that is uncommon for multifamily properties.
Key Highlights
- 0.25‑acre lot at 17 Broad Street, Somersworth, NH 03878
- 3,841 SF finished living space across four occupied apartments
- R3H zoning plus public water and cable available
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
$38,992
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
5.27%
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%
$779,840
$779.8K
Cap Rate 7%
$557,029
$557.0K
Cap Rate 9%
$433,244
$433.2K
Market Conditions
NOI Build-Up for 3,841 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
$57.6K $15.00/SF
− Vacancy
−$1.9K −$0.50/SF
EGI
$55.7K $14.50/SF
− OpEx
−$16.7K −$4.35/SF
NOI
$39.0K $10.15/SF
Area
Strafford County, NH
Vacancy
3.32%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$779,840
Cap Rate 7%
$557,029
Cap Rate 9%
$433,244
Alternative Uses
Best Use
Multifamily LT 5
$557.0K
$487.4K – $649.9K
NOI $38,992 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$513.7K
$449.5K – $599.4K
NOI $35,961 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$1.03M
$899.1K – $1.20M
NOI $71,931 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
376
Businesses Nearby
Explore this area
Business Placement
Demographics for 03878, NH
11,919
Population
5,722
Households
2.1
Avg Household Size
40
Median Age
29%
College-Educated
95%
High-School Grad
9.8 sq mi
ZIP Area
1,216
Density / Sq Mi
$79,691
Median Household Income
$47,638
Median Earnings
$1,410
Median Rent
$295,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - R3H zoned quadplex with natural gas hot water heat, public water, and off-street parking plus a backyard.
Where is this quadplex located?
The property is located at 17 Broad Street Somersworth, NH.
What is the asking price?
The asking price for this property is $739,900.
What are key features of this property?
This property features: 0.25‑acre lot at 17 Broad Street, Somersworth, NH 03878; 3,841 SF finished living space across four occupied apartments; R3H zoning plus public water and cable available
