Well-Maintained 4-Unit
2 Waukewan Avenue Meredith, NH 03253
2 Waukewan Avenue, Meredith, NH, 03253
$510,000
For Sale
$510,000
Four well-maintained units with a mix of two-bedroom, one-bedroom, and studio apartments.
Property Size3,353 SF
Price / SF$152.10
Days on Market154
Property Features for 2 Waukewan Avenue
General Information
- Standard status
- Active
- Size
- 3,353 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1860
Listing agency
RE/MAX Innovative Bayside
(603) 677-2182
Listed by
The Platinum
(603) 677-2182
Source
Compass
Added: Feb 18 Updated: Jul 22 at 6:12AM Checked: Jul 22 at 6:12AM
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 RE/MAX Innovative Bayside
Investment Insights
Based on property information with market context.
This well-maintained 4-unit multi-family property offers a strong rental unit mix: two 2-bedroom apartments, one 1-bedroom apartment, and one studio. Separate utilities are provided for the units, supporting reduced owner expenses. The property is fully rented, with a solid rental history.
Located at 2 Waukewan Avenue in Meredith, the building is described as being within a short walk to downtown shops and restaurants, as well as the town beach and public boat launch.
For investors seeking a turn-key income-producing asset, the current configuration supports consistent occupancy under its existing tenancy and utility setup.
Located at 2 Waukewan Avenue in Meredith, the building is described as being within a short walk to downtown shops and restaurants, as well as the town beach and public boat launch.
For investors seeking a turn-key income-producing asset, the current configuration supports consistent occupancy under its existing tenancy and utility setup.
Key Highlights
- 4‑unit multi‑family with a unit mix of two 2‑bedroom units, one 1‑bedroom unit, and one studio
- Fully rented with a strong rental history
- Separate utilities reported, helping reduce owner expenses
Local Financial Insights For Apartment 5plus
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 | $84.5k | $25.20 |
| − Vacancy | −$2.7k | −$0.81 |
| EGI | $81.8k | $24.39 |
| − OpEx | −$36.8k | −$10.98 |
| NOI | $45.0k | $13.42 |
3,353 SF · lease $25.20/SF/yr · vacancy 3.20% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$698.9K
$611.5K – $815.4K
NOI $48,923 @ 7.0% cap · market cap 9.59%
Second Best
Apartment 5plus
$642.6K
$562.3K – $749.8K
NOI $44,985 @ 7.0% cap · market cap 8.82%
Theoretical Best
Office A
$797.4K
$697.7K – $930.3K
NOI $55,815 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four well-maintained units with a mix of two-bedroom, one-bedroom, and studio apartments.
Where is this quadplex located?
The property is located at 2 Waukewan Avenue Meredith, NH.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: 4‑unit multi‑family with a unit mix of two 2‑bedroom units, one 1‑bedroom unit, and one studio; Fully rented with a strong rental history; Separate utilities reported, helping reduce owner expenses
