Multifamily Property in Desirable
For Sale
$1,700,000
25 School Street, Bristol, NH 03222
9-unit multifamily property near downtown, schools, and recreation.
Property Size8,736 SF
Days on Market135
Property Features for 25 School Street
General Information
Standard status
Active
Size
8,736 SF
Property subtype
Multi Family Home
Zoning
VC
Taxes and HOA fees
Annual Taxes
$9,325
Building Details
Building Size
8,736 SF
Year Built
1930
Stories
3
Units
9
Listing Agency:
Coldwell Banker Realty Center Harbor Nh
(603) 253-4345
Listed By:
Ellen Mulligan
(603) 253-4345
Source:
Ossipeelakere
Added: Apr 14
Changed: Aug 23
Last Checked: Aug 25 at 8:09AM
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 Coldwell Banker Realty Center Harbor Nh
Investment Insights
Based on property information with market context.
This is a 9-unit multifamily property situated in a desirable location within walking distance to town. The building features a unit mix of six 1-bedroom units and three 2-bedroom units. Off-street parking is available, and on-site laundry facilities are located in the basement for tenant convenience. Several long-term tenants provide stability and consistent rental history. The property is ideally situated within walking distance to local schools and downtown amenities, including shopping and restaurants. Outdoor recreation is easily accessible, with the property just minutes from two town beaches and Wellington State Park on Newfound Lake. Ragged Mountain Resort is also in close proximity, offering year-round appeal. The walk score is 58, indicating that the area is somewhat walkable, and the bike score is 21, indicating that it is somewhat bikeable. This property presents a prime opportunity for investors seeking location, convenience, and steady income potential.
Key Highlights
- 9‑unit multifamily property in a highly desirable walk‑to‑town location.
- Strong unit mix: six 1‑bedroom and three 2‑bedroom units.
- Off‑street parking and on‑site laundry for tenant convenience.
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
$79,423
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
4.67%
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%
$1,588,460
$1.6M
Cap Rate 7%
$1,134,614
$1.1M
Cap Rate 9%
$882,478
$882.5K
Market Conditions
NOI Build-Up for 8,736 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
$152.0K $17.40/SF
− Vacancy
−$7.6K −$0.87/SF
EGI
$144.4K $16.53/SF
− OpEx
−$65.0K −$7.44/SF
NOI
$79.4K $9.09/SF
Area
Grafton County, NH
Vacancy
5.00%
Lease Rate
$17.40 /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%
$1,588,460
Cap Rate 7%
$1,134,614
Cap Rate 9%
$882,478
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$992.8K – $1.32M
NOI $79,423 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,516 @ 7.0% cap · market cap 7.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
241
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - 9-unit multifamily property near downtown, schools, and recreation.
Where is this apartment building located?
The property is located at 25 School Street Bristol, NH.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 9‑unit multifamily property in a highly desirable walk‑to‑town location.; Strong unit mix: **six 1‑bedroom and three 2‑bedroom units.**; Off‑street parking and on‑site laundry for tenant convenience.
