Fully Occupied Penacook
For Sale
$645,000
271 Village Street, Concord, NH 03303
Three-unit building in Penacook, ideal for investors or owner-occupants.
Property Size2,981 SF
Price / SF$216.37
Days on Market309
Property Features for 271 Village Street
General Information
Standard status
Active
Size
2,981 SF
Property subtype
Multi-Family
Zoning
cu
Taxes and HOA fees
Annual Taxes
$8,146
Building Details
Year Built
1880
Stories
3
Listing Agency:
LM Investments
(603) 660-9199
Listed By:
Lucas Leo
Source:
Churchillprop
Added: Dec 15, 2025
Changed: Oct 10
Last Checked: Oct 19 at 3:58AM
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 LM Investments
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Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,819
Cap Rate
6.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,380
$856.4K
Cap Rate 7%
$611,700
$611.7K
Cap Rate 9%
$475,767
$475.8K
Market Conditions
NOI Build-Up for 2,981 SF
Gross rent
$64.4K $21.60/SF
− Vacancy
−$3.2K −$1.08/SF
EGI
$61.2K $20.52/SF
− OpEx
−$18.4K −$6.16/SF
NOI
$42.8K $14.36/SF
Area
Merrimack County, NH
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$856,380
Cap Rate 7%
$611,700
Cap Rate 9%
$475,767
Alternative Uses
Best Use
Multifamily LT 5
$611.7K
$535.2K – $713.7K
NOI $42,819 @ 7.0% cap · market cap 6.64%
Second Best
Apartment 5plus
$563.7K
$493.2K – $657.6K
NOI $39,457 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$776.2K
$679.2K – $905.6K
NOI $54,333 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Location Intelligence
Trade Area within ½ mile
208
Businesses Nearby
Explore this area
Business Placement
Demographics for 03303, NH
16,516
Population
6,907
Households
2.4
Avg Household Size
43
Median Age
31%
College-Educated
94%
High-School Grad
67.8 sq mi
ZIP Area
244
Density / Sq Mi
$79,688
Median Household Income
$49,648
Median Earnings
$1,363
Median Rent
$274,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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 Street Concord, NH.
What is the asking price?
The asking price for this property is $645,000.
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**.
