Three-Unit Property with Additional
20-24 Crest Lane Madison, NH 03849
20-24 Crest Lane, Madison, NH, 03849
$999,900
For Sale
$999,900
MULTI_FAMILY - Contemporary - Madison, NH
Property Size5,851 SF
Lot Size5.98 Acres
Price / SF$170.89
Days on Market71
Property Features for 20-24 Crest Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RURAL
- Bedrooms
- 7
- Bathrooms
- 5
- Rooms
- Bathroom 5, Bedroom 2, Bathroom 4, Bedroom 6, Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 4, Basement, Bedroom 5, Bedroom 7, Bedroom 3, Bathroom 1
- Parking features
- Garage
- Patio and Porch features
- Deck, Patio
- Exterior features
- Deck, Garden Space, Guest House, Hot Tub, Patio
- Appliances
- Electric Water Heater, Water Heater off Boiler
- Standard status
- Active
- Size
- 5,851 SF
- Lot size
- 5.98 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 11730
Utilities
- Heating system
- Wood, Ductless (Heating), Hot Water(Heating), Pellet Stove
- Cooling system
- Zoned, Ductless
- Water source
- Well
Building Details
- Year built
- 1988
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Carpet, Hardwood, Tile
- Building materials
- Wood Frame, Cedar Exterior
- Roof type
- Shingle
- Architectural style
- Contemporary
- Additional Structures
- Guest House
Listing Agency
KW Coastal and Lakes & Mountains Realty/N Conway
(603) 730-5683
2779 White Mountain Highway., Portsmouth, NH
Listed by
Pamela Adami
(603) 610-8500
Added: May 9 Checked: Jul 18 at 3:06 pm
MLS# 5095385
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.
Investment Insights
Based on property information with market context.
This contemporary three-unit residential income property features a main home spread across three levels, with multiple kitchens, bedrooms, and living spaces. The main floor includes a double-sided stone fireplace, a granite kitchen with breakfast bar, and a den with views. The upper level provides additional bedrooms and baths, along with a wet bar and flexible recreation space. The walkout lower level includes two bedrooms, a full bath, a kitchen, and a family room with extensive windows. A lower level option includes its own entrance for independent living.
The property sits on nearly six private acres in Madison, New Hampshire. It also includes a detached heated garage with a 1,200-square-foot two-bedroom, one-bath apartment above it. Systems and services are separately metered and connected, including separate electric meter, septic system, heating system, and hot water system. The property includes two septic systems.
Overall, the configuration supports several independent living arrangements across the three-unit structure and the separate apartment above the heated garage.
The property sits on nearly six private acres in Madison, New Hampshire. It also includes a detached heated garage with a 1,200-square-foot two-bedroom, one-bath apartment above it. Systems and services are separately metered and connected, including separate electric meter, septic system, heating system, and hot water system. The property includes two septic systems.
Overall, the configuration supports several independent living arrangements across the three-unit structure and the separate apartment above the heated garage.
Key Highlights
- Nearly 6 private acres with sunrise views over Foss Mountain and a Lindal cedar exterior home built in 1988
- Grandfathered legal three‑unit status with multiple separate living options for multi‑generational living, guests, or rental use
- Main home spans 3 levels with a double‑sided stone fireplace, granite kitchen with breakfast bar, and a walkout lower level
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 | $101.8k | $17.40 |
| − Vacancy | −$4.6k | −$0.78 |
| EGI | $97.2k | $16.62 |
| − OpEx | −$29.2k | −$4.99 |
| NOI | $68.1k | $11.63 |
5,851 SF · lease $17.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$972.3K
$850.7K – $1.13M
NOI $68,058 @ 7.0% cap · market cap 6.81%
Second Best
Apartment 5plus
$860.2K
$752.7K – $1.00M
NOI $60,213 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,268 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-unit residential income property with multiple living levels and a separate two-bedroom apartment above a heated garage.
Where is this triplex located?
The property is located at 20-24 Crest Lane Madison, NH.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: Nearly 6 private acres with sunrise views over Foss Mountain and a Lindal cedar exterior home built in 1988; Grandfathered legal three‑unit status with multiple separate living options for multi‑generational living, guests, or rental use; Main home spans 3 levels with a double‑sided stone fireplace, granite kitchen with breakfast bar, and a walkout lower level
