Mixed-Use Property with Farm
For Sale
$2,900,000
180 Drinkwater Road, Kensington, NH 03833
Multi-Family, Kensington, NH
Property Size5,443 SF
Lot Size32.72 Acres
Price / SF$532.79
Days on Market50
Property Features for 180 Drinkwater Road
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
RES
Rooms
Basement
Fireplace
1
Lot features
Agricultural, Country Setting, Farm, Field/ Pasture, Landscaped, Level, View, Wooded, Abuts Conservation, Private
Standard status
Active
Size
5,443 SF
Lot size
32.72 Acres
Additional Details
Tenant in Place
Yes
Mixed-Use Components
residential, agricultural, commercial
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
17992
Utilities
Heating system
Propane (Heating), Fireplace(s), Wood, Ductless (Heating), Forced Air, Natural Gas
Cooling system
Central Air, Ductless, Zoned
Water source
Well
Amenities
sauna
in-ground pool
Building Details
Year built
1958
Floors in Building
1
Number of units
3
Building materials
Cement Exterior, Wood Siding
Roof type
Shingle
Architectural style
Bungalow, Ranch
Buildings
3
Listing Agency:
RE/MAX Northern Edge Realty LLC · RE/MAX International
Listed By:
Cassie Lambertson
(603) 752-0003
Added: Sep 9
Changed: Oct 24
Last Checked: Oct 28 at 9:06PM
MLS# 5109373
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.
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Investment Insights
Based on property information with market context.
This mixed-use property combines residential improvements with an operating farm-store layout across 32.72 acres. The 5,443-square-foot property includes side-by-side duplex apartments that are fully rented, a private one-bedroom guest house with a sauna, and an in-ground pool. The farm store is equipped with a commercial kitchen, cold storage, and retail area, and can also be rented separately.
Built in 1958, the property has bungalow and ranch-style elements, cement exterior and wood siding, a shingle roof, and a basement. Heating systems include propane, wood, natural gas, ductless units, fireplaces, and forced air, while cooling includes central air, zoned systems, and ductless equipment. The property is served by a private well and is zoned RES.
Built in 1958, the property has bungalow and ranch-style elements, cement exterior and wood siding, a shingle roof, and a basement. Heating systems include propane, wood, natural gas, ductless units, fireplaces, and forced air, while cooling includes central air, zoned systems, and ductless equipment. The property is served by a private well and is zoned RES.
Key Highlights
- 32.72‑acre mixed‑use property in Kensington, NH
- 5,443‑square‑foot property with side‑by‑side duplex apartments
- Duplex apartments are fully rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,538
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,070,760
$2.1M
Cap Rate 7%
$1,479,114
$1.5M
Cap Rate 9%
$1,150,422
$1.2M
Market Conditions
NOI Build-Up for 5,443 SF
Gross rent
$141.7K $26.04/SF
− Vacancy
−$3.7K −$0.68/SF
EGI
$138.1K $25.36/SF
− OpEx
−$34.5K −$6.34/SF
NOI
$103.5K $19.02/SF
Area
Rockingham County, NH
Vacancy
2.60%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,070,760
Cap Rate 7%
$1,479,114
Cap Rate 9%
$1,150,422
Alternative Uses
Best Use
Specialty Retail
$1.48M
$1.29M – $1.73M
NOI $103,538 @ 7.0% cap · market cap 3.57%
Second Best
Multifamily LT 5
$1.31M
$1.15M – $1.53M
NOI $91,694 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$1.81M
$1.59M – $2.11M
NOI $126,849 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
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Business Placement
Demographics for 03833, NH
22,662
Population
9,789
Households
2.3
Avg Household Size
47
Median Age
54%
College-Educated
98%
High-School Grad
48.5 sq mi
ZIP Area
467
Density / Sq Mi
$110,566
Median Household Income
$59,220
Median Earnings
$1,632
Median Rent
$456,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Includes rented duplex apartments, a guest house, and a farm store with commercial kitchen and retail space.
Where is this mixed-use property located?
The property is located at 180 Drinkwater Road Kensington, NH.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 32.72‑acre mixed‑use property in Kensington, NH; 5,443‑square‑foot property with side‑by‑side duplex apartments; Duplex apartments are fully rented
