Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Triplex with Separate Garages Title is generated by Realmo AI

    1a Old Manchester Road, Raymond, NH 03077

    View on Map
    Claim this Listing
    New
    For Sale
    $975,000

    MULTI_FAMILY - Other - Raymond, NH

    Property size:
    3,690 SF
    Lot size:
    0.38 Acres
    Price / SF:
    $264/SF
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 9:06 am

    Property Features for 1a Old Manchester Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    C1
    Bedrooms
    7
    Bathrooms
    4
    Rooms
    Bedroom 6, Basement, Bathroom 1, Bathroom 4, Bedroom 7, Bedroom 1, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 5, Bedroom 4, Bedroom 3
    Standard status
    Active
    Size
    3,690 SF
    Lot size
    0.38 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air, Propane (Heating)
    Water source
    Public

    Building Details

    Year built
    1848
    Floors in Building
    2
    Number of units
    3
    Building materials
    Wood Frame, Clapboard Exterior
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Andy Yau
    Andy Yau

    Listing agent Andy Yau License #074320

    Listing office RE/MAX Shoreline 875 Greenland Rd., Portsmouth, NH

    Listing date Jun 3, 2026

    MLS# 5092577 Listing URL

    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.

    HighLights

    • Built in 1848, wood frame home with clapboard exterior and shingle roof
    • Multi‑unit setup with a largest stand‑alone unit plus 2 additional rental units
    • Rooming includes 7 bedrooms and 4 bathrooms, plus a basement
    • Property includes 2 separate garages, a large barn, and a workshop
    • Tenants have washer/dryers and separate utilities, with plenty of on‑site parking
    • Public water and cable available; heated by forced air propane (heating)

    Overview

    This renovated triplex blends modern upgrades with historic character, featuring exposed wood beams, crown molding, custom light fixtures, built-in arched shelving, and hardwood floors. The largest unit is presented like a standalone home and includes thoughtfully updated interiors, spacious bedrooms with walk-in closets, and a lower level game room with a bar and sitting area. The second unit offers an open-concept kitchen and living area with a custom pine island. The third unit includes an open-concept kitchen/living arrangement and a loft-style bedroom.

    The property includes two separate garages, along with a large barn and an attached workshop that can support storage and expansion needs. Set on a corner lot across from the town commons, the site is described with mature gardens, brick walkways, stone walls, a vegetable garden, and a playground. Tenants have access to washer/dryers and there is plenty of parking, with separate utilities to help manage operating expenses.

    With C1 zoning and multiple on-site structures, the layout may suit an owner-occupant seeking to live in the largest unit while renting the other two, supported by the separate utility setup. The variety of interiors and dedicated unit configurations can also be appealing for operators looking for a mixed live-and-rent arrangement. The home is also noted as having easy access to the Lamprey River, Rockingham trails, restaurants, and RT 101.

    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 $93.0k $25.20
    − Vacancy −$4.2k −$1.13
    EGI $88.8k $24.07
    − OpEx −$26.6k −$7.22
    NOI $62.2k $16.85
    3,690 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $888.0K
    $777.0K – $1.04M (±1% cap)
    NOI $62,162 @ 7.0% cap · market cap 6.38%
    Second Best
    Apartment 5plus
    $799.9K
    $699.9K – $933.3K (±1% cap)
    NOI $55,995 @ 7.0% cap · market cap 5.74%
    Theoretical Best
    Office A
    $1.23M
    $1.07M – $1.43M (±1% cap)
    NOI $85,995 @ 7.0% cap · market cap 8.82%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Raymond
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -71.18441
    Latitude
    43.036713

    Nearby Similar for Sale

    • $975,000
      3,690 SF

      Triplex with Two Garages

      Renovated triplex on a corner lot with historic character, modern upgrades, and multiple outbuildings for storage or work space.
      1 Old Manchester Road, Raymond, NH 03077
      View Details
    • $1,100,000

      Industrial Facility Near Route 101

      6,000 sq ft industrial/distribution/warehouse facility near Route 101.
      2 Infinity Drive, Raymond, NH 03077
      View Details
    • $285,000
      6,085 SF

      Historic Commercial Building on Main

      Historic commercial building with redevelopment potential in Raymond, New Hampshire.
      28B Main Street, Raymond, NH 03077
      View Details
    • $499,000
      2,400 SF

      Raymond Commercial Property For Sale

      Commercial property with garage and storage in Raymond, New Hampshire.
      75 NH-27, Raymond, NH
      View Details
    • Contact for pricing

      Industrial Property in Raymond, NH

      Industrial property available for sale in Raymond, New Hampshire.
      51 Old Manchester Rd, Raymond, NH
      View Details

    FAQs

    What type of property is this?
    Triplex - Renovated three-unit home with multiple outbuildings, offering flexible storage and on-site income support with separate utilities.
    Where is this triplex located?
    The property is located at 1a Old Manchester Road Raymond, NH.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: Built in 1848, wood frame home with clapboard exterior and shingle roof; Multi‑unit setup with a largest stand‑alone unit plus 2 additional rental units; Rooming includes 7 bedrooms and 4 bathrooms, plus a basement
    (603) 431-1111
    We can help!
    Listing Contact
    Andy Yau
    Andy Yau
    Real Estate License ID: 074320
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1a Old Manchester Road, Raymond, NH 03077
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!