32-Unit Multifamily
181 Benton Road, Haverhill, NH 03774
For Sale
New
$6,000,000
Pending
Townhouse and duplex homes include attached garages, complemented by 19 on-site storage units.
Property Size39,592 SF
Lot Size13.80 Acres
Days on Market6
Property Features for 181 Benton Road
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Additional Details
Cap Rate
Highway Access
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
on-site storage units
Garden Space
Gazebo
Storage
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Coldwell Banker Lifestyles- Littleton
Listed By:
Jennifer Impey
(603) 348-3230
Source:
Bobbyvan
Added: Nov 4
Changed: Nov 7
Last Checked: Nov 8 at 5:43PM
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 Lifestyles- Littleton
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Investment Insights
Based on property information with market context.
This 32-unit residential property sits on 13.8± acres, with approximately half of the land developed. The community includes ten two-story townhouses, each with two bedrooms, two bathrooms, and an attached one-car garage with direct entry. Eleven duplex buildings contain 22 single-story homes, also configured with two bedrooms and two bathrooms; each has an attached one- or two-car garage with direct access. Nineteen storage units are located on site. The property was built in 2007 and has a 9.62% cap rate. Zoning is com/ind.
The property is near Interstate 91, with access to Dartmouth College, Dartmouth-Hitchcock Medical Center, and Lebanon’s shopping, dining, and employment areas. Franconia and Lincoln are described as minutes away. Hiking trails and mountain views are nearby, and snowmobile and ATV trail systems are less than a mile away.
The property is near Interstate 91, with access to Dartmouth College, Dartmouth-Hitchcock Medical Center, and Lebanon’s shopping, dining, and employment areas. Franconia and Lincoln are described as minutes away. Hiking trails and mountain views are nearby, and snowmobile and ATV trail systems are less than a mile away.
Key Highlights
- 32 residential units across ten townhouses and eleven duplex buildings
- 13.8± acres, with approximately half currently developed
- Ten two‑story townhouses feature 2 bedrooms, 2 bathrooms, and attached one‑car garages
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$359,951
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,199,020
$7.2M
Cap Rate 7%
$5,142,157
$5.1M
Cap Rate 9%
$3,999,456
$4.0M
Market Conditions
NOI Build-Up for 39,592 SF
Gross rent
$688.9K $17.40/SF
− Vacancy
−$34.4K −$0.87/SF
EGI
$654.5K $16.53/SF
− OpEx
−$294.5K −$7.44/SF
NOI
$360.0K $9.09/SF
Area
Grafton County, NH
Vacancy
5.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,199,020
Cap Rate 7%
$5,142,157
Cap Rate 9%
$3,999,456
Alternative Uses
Best Use
Apartment 5plus
$5.14M
$4.50M – $6.00M
NOI $359,951 @ 7.0% cap · market cap 6.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.71M
$7.62M – $10.16M
NOI $609,634 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
32
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 03774, NH
1,808
Population
843
Households
2.1
Avg Household Size
51
Median Age
12%
College-Educated
85%
High-School Grad
26.2 sq mi
ZIP Area
69
Density / Sq Mi
$53,750
Median Household Income
$40,472
Median Earnings
$1,434
Median Rent
$189,400
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Grafton County, NH
Properties on Market for Multifamily properties in Grafton County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Townhouse and duplex homes include attached garages, complemented by 19 on-site storage units.
Where is this multifamily property located?
The property is located at 181 Benton Road Haverhill, NH.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 32 residential units across ten townhouses and eleven duplex buildings; 13.8± acres, with approximately half currently developed; Ten two‑story townhouses feature 2 bedrooms, 2 bathrooms, and attached one‑car garages
