Quadplex with Private
For Sale
$649,900
235 Young Road, Barrington, NH 03825
Multi-Family, Barrington, NH
Property Size3,520 SF
Lot Size2.61 Acres
Price / SF$184.63
Days on Market46
Property Features for 235 Young Road
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RURAL
Bedrooms
7
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 7, Bedroom 4, Bedroom 5, Bathroom 3, Bedroom 2, Basement, Bathroom 4, Bedroom 1, Bedroom 6
Lot features
Wooded
Elementary school
Barrington Elementary
Middle school
Barrington Middle
High school
Oyster River High School
Elementary school district
Barrington Sch Dsct SAU #74
Middle school district
Barrington Sch Dsct SAU #74
High school district
Barrington Sch Dsct SAU #74
Directions
From Rt 125 take Rt 9 west approx 2 mi turn left on to Young Rd, house 1 mile on the left. For Sale Sign on property
Standard status
Active
Size
3,520 SF
Lot size
2.61 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
8916
Utilities
Utilities
Propane
Heating system
Electric (Heating), Forced Air, Baseboard, Propane (Heating)
Water source
Private
Amenities
private back yard
Building Details
Year built
1950
Floors in Building
1
Number of units
4
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
KW Coastal and Lakes & Mountains Realty · Keller Williams Realty
(603) 610-8500
Listed By:
Jeremiah Gordon
(603) 610-8500
Added: Jul 7
Changed: Aug 21
Last Checked: Aug 21 at 10:06PM
MLS# 5098429
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 quadplex includes four separate single-family homes on one lot, each with a private back yard. The property sits on a 2.61-acre parcel and has 3,520 square feet of building area. Constructed with wood-frame construction and a shingle roof, the homes were built in 1950.
Heating is provided via forced air systems, with propane and electric noted for heating, along with baseboard. Utilities include propane, and the water source is private.
Two homes are described as rented to long-term tenants, while one needs minor rehab and another needs renovation before being rent-ready. Opportunities include living in one home and renting the others, or renting all four homes.
Heating is provided via forced air systems, with propane and electric noted for heating, along with baseboard. Utilities include propane, and the water source is private.
Two homes are described as rented to long-term tenants, while one needs minor rehab and another needs renovation before being rent-ready. Opportunities include living in one home and renting the others, or renting all four homes.
Key Highlights
- Four single‑family homes on one lot with private back yards
- 2.61‑acre lot and 3,520 square feet of building area
- Wood‑frame construction with shingle roof
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
$32,956
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
5.07%
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%
$659,120
$659.1K
Cap Rate 7%
$470,800
$470.8K
Cap Rate 9%
$366,178
$366.2K
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
$62.1K $17.64/SF
− Vacancy
−$2.2K −$0.62/SF
EGI
$59.9K $17.02/SF
− OpEx
−$27.0K −$7.66/SF
NOI
$33.0K $9.36/SF
Area
Strafford County, NH
Vacancy
3.50%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
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%
$659,120
Cap Rate 7%
$470,800
Cap Rate 9%
$366,178
Alternative Uses
Best Use
Apartment 5plus
$470.8K
$412.0K – $549.3K
NOI $32,956 @ 7.0% cap · market cap 5.07%
Second Best
—
—
no second resolved use
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
Multi-tenant
Tenancy
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?
Multifamily property - Four single-family homes with private backyards on one lot, in RURAL zoning, with wood-frame construction.
Where is this multifamily property located?
The property is located at 235 Young Road 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 on one lot with private back yards; 2.61‑acre lot and 3,520 square feet of building area; Wood‑frame construction with shingle roof
