Four-Home Quadplex
For Sale
$649,900
Pending
235 Young Rd, Barrington, NH 03825
Income property with four detached residences on a private acreage setting, including two occupied homes and two renovation opportunities.
Property Size3,520 SF
Lot Size2.61 Acres
Days on Market62
Property Features for 235 Young Rd
General Information
Standard status
Pending
Size
3,520 SF
Lot size
2.61 Acres
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
needs minor rehab
Additional Details
Multifamily Units
4
Building Details
Year Built
1950
Buildings
4
Listing Agency:
KW Coastal and Lakes & Mountains Realty
(603) 610-8500
Listed By:
Jeremiah Gordon
Source:
Findanewhampshirehome
Added: Jun 30
Changed: Aug 29
Last Checked: Aug 25 at 6:19AM
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 KW Coastal and Lakes & Mountains Realty
Investment Insights
Based on property information with market context.
This quadplex property comprises four single-family residences on one 2.61-acre parcel. Two homes are occupied by long-term tenants, while a third requires minor rehabilitation and the fourth needs renovation before leasing. Each residence includes its own private backyard, creating distinct outdoor areas across the property. The combined property size is 3,520 square feet, and the improvements date to 1950.
The property is located in Barrington, New Hampshire, within the Oyster River School District. A public boat launch on Swains Lake is a short drive away, providing access to nearby recreational amenities. The four-home layout supports multiple occupancy and renovation configurations, subject to applicable requirements.
The property is located in Barrington, New Hampshire, within the Oyster River School District. A public boat launch on Swains Lake is a short drive away, providing access to nearby recreational amenities. The four-home layout supports multiple occupancy and renovation configurations, subject to applicable requirements.
Key Highlights
- Four single‑family homes situated on one 2.61‑acre lot
- 3,520 square feet of combined property size
- Two homes occupied by long‑term tenants
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,733
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$714,660
$714.7K
Cap Rate 7%
$510,471
$510.5K
Cap Rate 9%
$397,033
$397.0K
Market Conditions
NOI Build-Up for 3,520 SF
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.
Gross rent
$52.8K $15.00/SF
− Vacancy
−$1.8K −$0.50/SF
EGI
$51.0K $14.50/SF
− OpEx
−$15.3K −$4.35/SF
NOI
$35.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$714,660
Cap Rate 7%
$510,471
Cap Rate 9%
$397,033
Alternative Uses
Best Use
Multifamily LT 5
$510.5K
$446.7K – $595.6K
NOI $35,733 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$470.8K
$412.0K – $549.3K
NOI $32,956 @ 7.0% cap · market cap 5.07%
Theoretical Best
Office A
$941.7K
$824.0K – $1.10M
NOI $65,920 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 03825, NH
9,326
Population
3,550
Households
2.6
Avg Household Size
42
Median Age
44%
College-Educated
97%
High-School Grad
46.9 sq mi
ZIP Area
199
Density / Sq Mi
$99,706
Median Household Income
$51,584
Median Earnings
$1,737
Median Rent
$349,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Income property with four detached residences on a private acreage setting, including two occupied homes and two renovation opportunities.
Where is this quadplex located?
The property is located at 235 Young Rd Barrington, NH.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Four single‑family homes situated on one 2.61‑acre lot; 3,520 square feet of combined property size; Two homes occupied by long‑term tenants
