Two-Family Mixed-Use
New
For Sale
$949,000
195 S Main Street, Newmarket, NH 03857
The first floor includes office space, while the upper level is configured as an apartment.
Property Size2,402 SF
Price / SF$395.09
Days on Market4
Property Features for 195 S Main Street
General Information
Standard status
Active
Size
2,402 SF
Property subtype
Multi Family Home
Zoning
M3
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$17,292
Amenities
Covered Porch
Building Details
Building Size
2,402 SF
Year Built
1880
Buildings
1
Stories
3
Units
3
Listing Agency:
Remax Capital Realty And Remax Coastal Living
Listed By:
Rachel Eames
(603) 225-7653
Source:
Hammondwheeler
Added: Oct 26
Last Checked: Oct 26 at 2:29PM
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 Remax Capital Realty And Remax Coastal Living
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Investment Insights
Based on property information with market context.
This 2,402-square-foot mixed-use building contains two family units and a separate office with a private bathroom. The first floor has hardwood flooring and a bathroom; the second-floor apartment has carpet and paint updated recently. Renovations completed within the last ten years include vinyl siding and windows. The building was constructed in 1880 and is zoned M3.
Paved on-site parking provides vehicle access through the lot. The first and second floors have separate heat and electric service, allowing the levels to operate independently. The layout accommodates office use on the first floor alongside an apartment upstairs.
Paved on-site parking provides vehicle access through the lot. The first and second floors have separate heat and electric service, allowing the levels to operate independently. The layout accommodates office use on the first floor alongside an apartment upstairs.
Key Highlights
- 2,402‑square‑foot mixed‑use property
- Two‑family building with a separate office and private bathroom
- First and second floors have separate heat and electric service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,465
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$809,300
$809.3K
Cap Rate 7%
$578,071
$578.1K
Cap Rate 9%
$449,611
$449.6K
Market Conditions
NOI Build-Up for 2,402 SF
Gross rent
$60.5K $25.20/SF
− Vacancy
−$2.7K −$1.13/SF
EGI
$57.8K $24.07/SF
− OpEx
−$17.3K −$7.22/SF
NOI
$40.5K $16.85/SF
Area
Rockingham County, NH
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$809,300
Cap Rate 7%
$578,071
Cap Rate 9%
$449,611
Alternative Uses
Best Use
Multifamily LT 5
$578.1K
$505.8K – $674.4K
NOI $40,465 @ 7.0% cap · market cap 4.26%
Second Best
Apartment 5plus
$520.7K
$455.6K – $607.5K
NOI $36,450 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$799.7K
$699.7K – $933.0K
NOI $55,979 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
428
Businesses Nearby
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Business Placement
Demographics for 03857, NH
9,430
Population
4,443
Households
2.1
Avg Household Size
39
Median Age
50%
College-Educated
98%
High-School Grad
12.6 sq mi
ZIP Area
748
Density / Sq Mi
$94,345
Median Household Income
$53,518
Median Earnings
$1,648
Median Rent
$384,900
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 - The first floor includes office space, while the upper level is configured as an apartment.
Where is this mixed-use property located?
The property is located at 195 S Main Street Newmarket, NH.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 2,402‑square‑foot mixed‑use property; Two‑family building with a separate office and private bathroom; First and second floors have separate heat and electric service
