Updated Three-Unit Multifamily
For Sale
$499,900
25 Cedar Street, Bristol, NH 03222
In-town triplex with flexible unit mix, supplemental heat sources, and public water and sewer.
Property Size4,205 SF
Lot Size1.00 Acre
Price / SF$118.88
Days on Market75
Property Features for 25 Cedar Street
General Information
Standard status
Active
Size
4,205 SF
Lot size
1.00 Acre
Property subtype
Multi-Family
Zoning
VR
Units
Unit Mix
1 x 5BR, 1 x 2BR, 1 x 1BR
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1820
Buildings
1
Stories
3
Listing Agency:
Atlantic Realty Services
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jun 17
Changed: Aug 29
Last Checked: Aug 30 at 2:17PM
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 Atlantic Realty Services
Investment Insights
Based on property information with market context.
This 4,205-square-foot triplex, built in 1820, contains three apartments: a five-bedroom unit, a two-bedroom unit, and a one-bedroom unit. One apartment is occupied while the other two are vacant. Recent improvements include a roof backed by a transferable 30-year warranty, a replacement oil tank, a new front entry door, and pellet stoves providing supplemental heat for each unit. The property sits on a 1-acre in-town lot with public water and sewer and is zoned VR.
The property is located at 25 Cedar Street in Bristol, within walking distance of downtown shops, restaurants, and Kelley Park. Wellington State Park on Newfound Lake and Profile Falls are identified nearby outdoor destinations, while the community is served by a school district recognized in the source information for personalized educational programs.
The property is located at 25 Cedar Street in Bristol, within walking distance of downtown shops, restaurants, and Kelley Park. Wellington State Park on Newfound Lake and Profile Falls are identified nearby outdoor destinations, while the community is served by a school district recognized in the source information for personalized educational programs.
Key Highlights
- Three apartments with five‑bedroom, two‑bedroom, and one‑bedroom layouts
- 4,205 square feet on a 1‑acre in‑town lot
- Two units vacant and one unit occupied
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
$41,724
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
8.35%
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%
$834,480
$834.5K
Cap Rate 7%
$596,057
$596.1K
Cap Rate 9%
$463,600
$463.6K
Market Conditions
NOI Build-Up for 4,205 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
$63.1K $15.00/SF
− Vacancy
−$3.5K −$0.83/SF
EGI
$59.6K $14.17/SF
− OpEx
−$17.9K −$4.25/SF
NOI
$41.7K $9.92/SF
Area
Grafton County, NH
Vacancy
5.50%
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%
$834,480
Cap Rate 7%
$596,057
Cap Rate 9%
$463,600
Alternative Uses
Best Use
Multifamily LT 5
$596.1K
$521.6K – $695.4K
NOI $41,724 @ 7.0% cap · market cap 8.35%
Second Best
Apartment 5plus
$546.1K
$477.9K – $637.2K
NOI $38,230 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$925.0K
$809.4K – $1.08M
NOI $64,748 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
Explore this area
Business Placement
Demographics for 03222, NH
5,743
Population
4,071
Households
1.4
Avg Household Size
50
Median Age
28%
College-Educated
90%
High-School Grad
71.3 sq mi
ZIP Area
81
Density / Sq Mi
$78,535
Median Household Income
$43,453
Median Earnings
$1,246
Median Rent
$256,500
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?
Triplex - In-town triplex with flexible unit mix, supplemental heat sources, and public water and sewer.
Where is this triplex located?
The property is located at 25 Cedar Street Bristol, NH.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Three apartments with five‑bedroom, two‑bedroom, and one‑bedroom layouts; 4,205 square feet on a 1‑acre in‑town lot; Two units vacant and one unit occupied
