Three-Unit Residential Income
271 Village Street Concord, NH 03303
271 Village Street, Concord, NH, 03303
$660,000
For Sale
$660,000
Fully occupied 3-unit building with two 2-bedroom units and one 1-bedroom unit, each with in-unit laundry.
Property Size2,981 SF
Price / SF$221.40
Days on Market218
Property Features for 271 Village Street
General Information
- Standard status
- Active
- Size
- 2,981 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1880
Listing Agency
LM Investments
Listed by
Lucas Leo
(603) 548-5315
Source
Burkelordrealestate
Added: Dec 14, 2025 Checked: Jul 19 at 6:35 am
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
Investment Insights
Based on property information with market context.
Located at 271 Village Street in the Penacook Village district of Concord, this fully occupied 3-unit residential income building offers two 2-bedroom units and one 1-bedroom unit. Each tenant has access to a private 3-season porch, with in-unit laundry and off-street parking included.
The property is positioned in the heart of Penacook Village, with convenient access to the energy of Downtown Concord and the shopping options associated with the Exit 17 area. Quick I-93 access is also noted for commuters.
Operationally, tenants pay their own heat and electricity, and the building is described as having major expenses already handled, supporting a cash-flow focused ownership experience from day one.
The property is positioned in the heart of Penacook Village, with convenient access to the energy of Downtown Concord and the shopping options associated with the Exit 17 area. Quick I-93 access is also noted for commuters.
Operationally, tenants pay their own heat and electricity, and the building is described as having major expenses already handled, supporting a cash-flow focused ownership experience from day one.
Key Highlights
- Fully occupied 3‑unit building (year built 1880) with two 2‑bedroom units and one 1‑bedroom unit
- Each unit has in‑unit laundry and a 3‑season porch
- Off‑street parking for tenants
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.4k | $21.60 |
| − Vacancy | −$3.2k | −$1.08 |
| EGI | $61.2k | $20.52 |
| − OpEx | −$18.4k | −$6.16 |
| NOI | $42.8k | $14.36 |
2,981 SF · lease $21.60/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$611.7K
$535.2K – $713.7K
NOI $42,819 @ 7.0% cap · market cap 6.49%
Second Best
Apartment 5plus
$563.7K
$493.2K – $657.6K
NOI $39,457 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$776.2K
$679.2K – $905.6K
NOI $54,333 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully occupied 3-unit building with two 2-bedroom units and one 1-bedroom unit, each with in-unit laundry.
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 $660,000.
What are key features of this property?
This property features: Fully occupied 3‑unit building (year built 1880) with two 2‑bedroom units and one 1‑bedroom unit; Each unit has in‑unit laundry and a 3‑season porch; Off‑street parking for tenants
