Victorian Multifamily Income
221 Atlantic Avenue, North Hampton, NH 03862
MULTI_FAMILY - Victorian - North Hampton, NH
Property size:
4,649 SFLot size:
0.87 AcresPrice / SF:
$252/SF- Added:
- May 6, 2026
- Days on Market:
- 49
- Last Refresh:
- Jun 23 at 12:06 am
Property Features for 221 Atlantic Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R2
- Rooms
- Basement
- Parking features
- Driveway, Garage, Off Street
- Patio and Porch features
- Deck, Porch
- Exterior features
- Barn, Deck, Porch
- Appliances
- Electric Water Heater, Tank Water Heater
- Standard status
- Active
- Size
- 4,649 SF
- Lot size
- 0.87 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10819
Utilities
- Utilities
- Cable Available
- Heating system
- Steam, Electric (Heating), Oil
- Water source
- Public
Building Details
- Year built
- 1896
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Tile, Hardwood, Laminate, Carpet
- Building materials
- Clapboard Exterior, Combination Exterior
- Roof type
- Slate, Shingle
- Architectural style
- Victorian
Listing agent Kirstin Stallkamp (603) 661-8127
Listing office Duston Leddy Real Estate 36 Maplewood Avenue, Portsmouth, NH (603) 610-8285
Listing date May 6, 2026
MLS# 5087322
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
- Victorian home built in 1896 with clapboard exterior and slate/shingle roof
- Income‑producing rental apartments currently generating revenue
- Detached 3‑car garage with full second story, plus an additional 2‑car garage with a private office space
- 40' x 60' post‑and‑beam barn outfitted with storage stalls
- Basement plus interior flooring including hardwood, laminate, tile, and carpet
- Utilities include cable available; heating options listed as electric, steam, and oil; public water
Overview
Circa 1886 Victorian multifamily income property with rental apartments generating revenue. The main home features notable historic interior details including intricate woodwork, stained glass windows, tin ceilings, and true bow and bay windows. Additional on-site improvements include a detached 3-car garage with a full second story, plus a separate 2-car garage on the side with a private office space.
Set on a 0.87-acre lot in North Hampton, New Hampshire, the property is zoned R2. The detached barn measures approximately 40' by 60' and is constructed as a post-and-beam building. It is currently equipped with storage stalls, creating flexible space for storage use or redevelopment.
This property can fit buyers seeking a historic rental home with multiple accessory structures for storage, workspace, or future conversion. With the combination of revenue-producing apartment units and substantial additional buildings, it offers a practical platform for operators looking to manage existing income while evaluating how to utilize the underutilized outbuilding areas. The detached garage second story and the barn provide additional footprint for continued planning within the existing R2 zoning framework.
Set on a 0.87-acre lot in North Hampton, New Hampshire, the property is zoned R2. The detached barn measures approximately 40' by 60' and is constructed as a post-and-beam building. It is currently equipped with storage stalls, creating flexible space for storage use or redevelopment.
This property can fit buyers seeking a historic rental home with multiple accessory structures for storage, workspace, or future conversion. With the combination of revenue-producing apartment units and substantial additional buildings, it offers a practical platform for operators looking to manage existing income while evaluating how to utilize the underutilized outbuilding areas. The detached garage second story and the barn provide additional footprint for continued planning within the existing R2 zoning framework.
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 | $117.2k | $25.20 |
| − Vacancy | −$5.3k | −$1.13 |
| EGI | $111.9k | $24.07 |
| − OpEx | −$33.6k | −$7.22 |
| NOI | $78.3k | $16.85 |
4,649 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$979.0K – $1.31M
NOI $78,318 @ 7.0% cap · market cap 6.67%
Second Best
Apartment 5plus
$1.01M
$881.8K – $1.18M
NOI $70,547 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$1.55M
$1.35M – $1.81M
NOI $108,345 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- North Hampton
- County
- Rockingham
- State
- New Hampshire
- Longitude
- -70.8272765
- Latitude
- 42.972716
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Historic circa-1886 Victorian home with rental apartments and multiple outbuildings, including garages and a post-and-beam barn.
Where is this triplex located?
The property is located at 221 Atlantic Avenue North Hampton, NH.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Victorian home built in 1896 with clapboard exterior and slate/shingle roof; Income‑producing rental apartments currently generating revenue; Detached 3‑car garage with full second story, plus an additional 2‑car garage with a private office space
