Waterfront Multi-Unit Investment
226-240 Union Street, Littleton, NH 03561
Two-unit apartment building with commercial space and river frontage.
Type:Multi Family
Property size:
2,491 SFPrice / SF:
$188/SF- Added:
- Apr 7, 2026
- Days on Market:
- 55
- Last Refresh:
- Apr 7 at 8:11 pm
Property Features for 226-240 Union Street
General Information
- Standard status
- Active
- Size
- 2,491 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1930
Listing agent Nikki Barrett Morrison (603) 259-0188
Listing office Badger Peabody & Smith Realty/Littleton (603) 259-0188
Listing date Apr 7, 2026
Source Compass
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 Badger Peabody & Smith Realty/Littleton
HighLights
- Waterfront property on the Ammonoosuc River.
- Includes a fully rented 2‑unit apartment building and a separate commercial building, providing multiple income streams.
- Commercial building has a long‑term tenant (florist) with high visibility on a busy main road.
- Unit 1 features gorgeous woodwork and beautiful wood floors.
- Recent renovations to Unit 2 include fresh paint and flooring.
- Level yard suitable for year‑round enjoyment with garden space.
Overview
This property features a two-unit apartment building with waterfrontage on the Ammonoosuc River, accompanied by an additional commercial building, presenting an income-generating opportunity. The main apartment building includes renovated units, such as Unit 2, which features fresh paint and flooring. The unit has large windows in the spacious living room overlooking the back and front yards. A dining area is located off the living room near the kitchen, and a 3/4 bathroom with a shower completes this level. Upstairs are two bedrooms and another 3/4 bathroom with a tub. The lower level, currently used as a bedroom, could serve as a workout space or playroom and connects to the basement laundry area. Unit 1 has two entrances off the covered porch and features a large kitchen with a bathroom and laundry area. The dining area opens to a spacious living room with woodwork and wood floors. Large windows provide natural light. This apartment offers storage, and the second level includes three bedrooms and a full bath. Both apartments have access to a level yard suitable for year-round enjoyment, including a garden space. The approximately 1,495 square foot commercial building is currently rented to a florist. The storefront has high visibility on a main road and is well-maintained. It includes refrigerators for showcasing flowers and a back room for preparing arrangements. On-site parking, river frontage, and visibility add to the property's appeal.
Local Financial Insights For Retail
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 | $40.4k | $16.20 |
| − Vacancy | −$2.4k | −$0.97 |
| EGI | $37.9k | $15.23 |
| − OpEx | −$11.4k | −$4.57 |
| NOI | $26.6k | $10.66 |
2,491 SF · lease $16.20/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$379.3K
$331.9K – $442.6K
NOI $26,553 @ 7.0% cap · market cap 5.66%
Second Best
Multifamily LT 5
$353.1K
$309.0K – $412.0K
NOI $24,717 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$547.9K
$479.5K – $639.3K
NOI $38,356 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Littleton
- County
- Grafton
- State
- New Hampshire
- Longitude
- -71.7624642
- Latitude
- 44.3086168
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two-unit apartment building with commercial space and river frontage.
Where is this duplex located?
The property is located at 226-240 Union Street Littleton, NH.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Waterfront property on the Ammonoosuc River.; Includes a fully rented 2‑unit apartment building and a separate commercial building, providing multiple income streams.; Commercial building has a long‑term tenant (florist) with high visibility on a busy main road.
