2556 East Conway Rd, Conway, NH 03813

Building Details

Year Built 1870 More

Buildings 2 More

Listing Agency: Badger Peabody & Smith Realty

Listed By: Kevin J Killourie · License #051534 Show Phone

Source: Megansellsnh

Added: Aug 26 Changed: Nov 6 Last Checked: Sep 7 at 12:46PM

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Investment Insights

Based on property information with market context.

This multifamily property includes four occupied units along with storage and garage space. Three units are located within a farmhouse that received a major renovation in 2020, including insulation, new wiring, plumbing, separate high-efficiency wall-mounted boilers, and individual electric meters. A freestanding one-unit cape, constructed in 2019, provides the fourth residence.

The property sits on 3 acres served by town water in East Conway, near Center Conway, New Hampshire. The existing garage offers an option for additional finished space, while the open, level rear portion of the property is identified for potential additional unit construction. The current configuration combines renovated improvements, newer construction, and occupied units within one multifamily asset.

Key Highlights

• 4 units plus storage and garage space
• 3‑acre property served by town water
• Farmhouse contains 3 units and was renovated in 2020

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$50,138

Cap Rate

4.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,002,760 $1.0M

Cap Rate 7%

$716,257 $716.3K

Cap Rate 9%

$557,089 $557.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,872 SF

Gross rent

$96.5K $19.80/SF

− Vacancy

−$5.3K −$1.09/SF

EGI

$91.2K $18.71/SF

− OpEx

−$41.0K −$8.42/SF

NOI

$50.1K $10.29/SF

Area

Carroll County, NH

Vacancy

5.50%

Lease Rate

$19.80 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,002,760

Cap Rate 7%

$716,257

Cap Rate 9%

$557,089

Alternative Uses

Best Use

Apartment 5plus

$716.3K

$626.7K – $835.6K (±1% cap)

NOI $50,138 @ 7.0% cap · market cap 4.56%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.22M

$1.06M – $1.42M (±1% cap)

NOI $85,156 @ 7.0% cap · market cap 7.74%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

4

Residential units

100%

Occupancy

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

Explore this area Business Placement

Demographics for 03813, NH

3,681

Population

2,661

Households

1.4

Avg Household Size

52

Median Age

33%

College-Educated

91%

High-School Grad

98.3 sq mi

ZIP Area

37

Density / Sq Mi

$58,299

Median Household Income

$35,625

Median Earnings

$1,363

Median Rent

$215,200

Median Home Value

Market

Average Price Trend$/SF for Multifamily properties in Conway, NH

$248 Jul

$264 Aug

$235 Sep

$191 Oct

Properties on Market for Multifamily properties in Conway

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - Four rented units include a renovated farmhouse and a newer freestanding residence with separate utilities.

Where is this multifamily property located?

The property is located at 2556 East Conway Rd Conway, NH.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: 4 units plus storage and garage space; 3‑acre property served by town water; Farmhouse contains 3 units and was renovated in 2020