Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    271 Village St Concord, NH 3303

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $695,000

    Three-unit building in Penacook, ideal for investors or owner-occupants.

    Type:Investment
    Added:
    Apr 24, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 24 at 6:08 pm

    Property Features for 271 Village St

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1880

    We can help!

    Listing Contact
    Lucas Leo

    Listing agent Lucas Leo

    Listing office

    Listing date Apr 24, 2026

    Source Elliman

    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 Lucas Leo

    Overview

    Fully Occupied Penacook Triplex

    This fully occupied three-unit building is located in Penacook Village, offering an opportunity for immediate equity. The property features two 2-bedroom units and one 1-bedroom unit. Each tenant benefits from a private 3-season porch, in-unit laundry facilities, and off-street parking. Tenants are responsible for their own heat and electricity. The location provides convenient access to Downtown Concord and the new Exit 17 shopping district. Quick access to I-93 makes this location suitable for commuters. The property is located in a somewhat bikeable area with a bike score of 39, and a car-dependent area with a walk score of 25.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Merrimack
    State
    New Hampshire
    Longitude
    -71.5995114
    Latitude
    43.2790432

    Nearby Similar for Sale

    • $999,000

      Concord Commercial Property with Drive-Through

      High-visibility commercial property with drive-through and existing lease income.
      60-62 Manchester Street, Concord, NH 03301
      View Details
    • $699,990

      Downtown Concord Commercial Opportunity

      Thriving business and real estate in a sought-after commercial corridor.
      242 North Main Street, Concord, NH 03303
      View Details
    • $999,999
      5,010 SF

      Multifamily Portfolio in Concord, NH

      Income-producing multifamily property with three residential structures in Concord, NH.
      273-279 South Main Street, Concord, NH 03301
      View Details
    • $499,000

      Concord Commercial Building For Sale

      Well-maintained commercial building in high-traffic area, ideal for various uses.
      78 Fisherville Road, Concord, NH 03301
      View Details
    • $650,000
      3,934 SF

      Musician's Dream Multifamily Property

      Four-unit multifamily property with recording studio on three acres.
      11 White Plains Road, Webster, NH 03303
      View Details
    • $485,000
      2,758 SF

      Concord Multi-Family Investment Opportunity

      Two-unit property in Penacook with strong income potential.
      298-302 Village Street, Concord, NH 03303
      View Details
    • $519,900

      Concord Mixed-Use Commercial Opportunity

      Live and work in this Concord mixed-use property.
      2 S Spring Street, Concord, NH 03301
      View Details
    • $999,000

      Concord Drive-Through Restaurant Opportunity

      High-visibility drive-through restaurant with income-producing unit in Concord, NH.
      60-62 Manchester St, Concord, NH 03301
      View Details
    • $700,000
      3,220 SF

      Downtown Concord Professional Office Building

      Prestigious 3,220 SF office building in downtown Concord for sale.
      8 Court St, Concord, NH 03301
      View Details
    • $492,500
      2,600 SF

      Concord Two-Family New Englander

      Well-maintained two-family in Concord's Theatre District, ideal for investors.
      17-19 Thompson St, Concord, NH 03301
      View Details
    • $649,900
      4,296 SF

      Classic Multifamily in Concord

      Well-maintained Concord multifamily with income potential near Main Street.
      5 Thomas Street, Concord, NH 03301
      View Details
    • $525,000

      Fully Rented Three-Unit Multifamily Property

      Three-unit multifamily property in downtown Penacook with strong cash flow.
      19 Sanders St, Concord, NH 03303
      View Details

    FAQs

    What type of property is this?
    Triplex - Three-unit building in Penacook, ideal for investors or owner-occupants.
    Where is this triplex located?
    The property is located at 271 Village St Concord, NH.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Fully occupied 3‑unit building provides immediate rental income and equity.; Tenants pay their own heat and electricity, reducing owner expenses.; Each unit has its own **3‑season porch and in‑unit laundry**.
    (603) 660-9199
    We can help!
    Listing Contact
    Lucas Leo
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!