Triplex with Detached
For Sale
$569,900
22 Highland St, Rochester, NH 03867
Three residential units feature separate utilities, refreshed interiors, and a detached garage.
Property Size2,466 SF
Price / SF$231.10
Days on Market8
Property Features for 22 Highland St
General Information
Standard status
Active
Size
2,466 SF
Property subtype
Multi-Family
Building Details
Year Built
1906
Listing Agency:
RE/MAX Shoreline
Listed By:
Andy Yau · License #074320
(603) 969-6216
Source:
Newhampshirehomematch
Added: Sep 29
Changed: Oct 4
Last Checked: Oct 5 at 7:12PM
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 Shoreline
Investment Insights
Based on property information with market context.
This 2,466-square-foot triplex, built in 1906, has updated kitchens and bathrooms, new flooring and carpeting, vinyl replacement windows, and updated vinyl trim. The roof is new, and the decks have refreshed posts and railings. The main unit has a new furnace with central air conditioning. Separate utilities serve the property, and a detached garage has its own electrical panel. The site also includes four individual driveways and a private backyard.
Route 16 provides access from the property, and Portsmouth is a short drive away, with shopping, dining, and other amenities in the area. The property has a 9.26% cap rate.
Route 16 provides access from the property, and Portsmouth is a short drive away, with shopping, dining, and other amenities in the area. The property has a 9.26% cap rate.
Key Highlights
- Three‑unit residential property totaling 2,466 square feet
- 9.26% cap rate
- Separate utilities and four individual driveways
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,033
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,660
$500.7K
Cap Rate 7%
$357,614
$357.6K
Cap Rate 9%
$278,144
$278.1K
Market Conditions
NOI Build-Up for 2,466 SF
Gross rent
$37.0K $15.00/SF
− Vacancy
−$1.2K −$0.50/SF
EGI
$35.8K $14.50/SF
− OpEx
−$10.7K −$4.35/SF
NOI
$25.0K $10.15/SF
Area
Strafford County, NH
Vacancy
3.32%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$500,660
Cap Rate 7%
$357,614
Cap Rate 9%
$278,144
Alternative Uses
Best Use
Multifamily LT 5
$357.6K
$312.9K – $417.2K
NOI $25,033 @ 7.0% cap · market cap 4.39%
Second Best
Apartment 5plus
$329.8K
$288.6K – $384.8K
NOI $23,088 @ 7.0% cap · market cap 4.05%
Theoretical Best
Office A
$659.7K
$577.3K – $769.7K
NOI $46,181 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
Explore this area
Business Placement
Demographics for 03867, NH
22,369
Population
10,458
Households
2.1
Avg Household Size
44
Median Age
25%
College-Educated
93%
High-School Grad
28.4 sq mi
ZIP Area
788
Density / Sq Mi
$74,397
Median Household Income
$42,613
Median Earnings
$1,217
Median Rent
$259,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three residential units feature separate utilities, refreshed interiors, and a detached garage.
Where is this triplex located?
The property is located at 22 Highland St Rochester, NH.
What is the asking price?
The asking price for this property is $569,900.
What are key features of this property?
This property features: Three‑unit residential property totaling 2,466 square feet; 9.26% cap rate; Separate utilities and four individual driveways
