Multifamily Portfolio with Off-Street
273-279 S Main Street Concord, NH 03301
For Sale
$950,000
MULTI_FAMILY - Ranch - Concord, NH
Property Size5,010 SF
Lot Size0.33 Acres
Price / SF$189.62
Days on Market131
Property Features for 273-279 S Main Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Single Family Residence
- Zoning
- UT
- Bedrooms
- 10
- Bathrooms
- 5
- Rooms
- Bedroom 4, Bedroom 8, Bedroom 1, Bedroom 7, Bedroom 9, Bedroom 2, Bathroom 3, Bedroom 5, Bathroom 4, Bathroom 1, Bedroom 3, Bedroom 6, Bedroom 10, Basement, Bathroom 2, Bathroom 5
- Parking features
- Off Street
- Standard status
- Active
- Size
- 5,010 SF
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 13961
Utilities
- Utilities
- Cable Available
- Heating system
- Oil, Natural Gas, Steam, Forced Air
- Water source
- Public
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 5
- Flooring type
- Hardwood, Laminate
- Building materials
- Wood Frame, Asbestos Exterior, Clapboard Exterior, Vinyl Siding
- Roof type
- Shingle
- Architectural style
- Ranch
Listing Agency:
Tinkham Realty Inc
(603) 432-7769
Listed By:
Nick Musto · License #067817
(603) 432-7769
Added: Mar 17
Changed: Jul 15
Last Checked: Jul 25 at 3:06PM
MLS# 5079588
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale multifamily portfolio includes three distinct residential structures: a Cape, a Ranch, and a classic New Englander. The property is described as well maintained, with many updates throughout, and totals approximately 4,686 square feet of finished living space. Outdoor improvements include private off-street parking and two paved driveways for practical day-to-day access. On-site, there is a large two-story barn/garage with substantial storage space. Utilities are set up with natural gas plus public water and sewer.
Situated on S Main Street in Concord, New Hampshire, the property offers convenient access to major routes, with proximity to I-93 noted in the remarks. It is also positioned near downtown Concord’s shops, dining, and professional services, supporting tenant convenience and neighborhood walkability.
The mix of building types and the presence of dedicated storage and parking make this portfolio a practical fit for buyers seeking multiple residential structures under one ownership. The updated condition and established utility services—natural gas, public water, and public sewer—can help reduce immediate operational uncertainty. Zoning is listed as UT.
Situated on S Main Street in Concord, New Hampshire, the property offers convenient access to major routes, with proximity to I-93 noted in the remarks. It is also positioned near downtown Concord’s shops, dining, and professional services, supporting tenant convenience and neighborhood walkability.
The mix of building types and the presence of dedicated storage and parking make this portfolio a practical fit for buyers seeking multiple residential structures under one ownership. The updated condition and established utility services—natural gas, public water, and public sewer—can help reduce immediate operational uncertainty. Zoning is listed as UT.
Key Highlights
- Multifamily portfolio with three residential structures: Cape, Ranch, and classic New Englander
- Approximately 4,686 sq ft of finished living space total across the three buildings
- Many updates reported; features wood frame with clapboard and vinyl siding and an asbestos exterior noted
Financial Insights For Apartment 5plus
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 | $126.3k | $25.20 |
| − Vacancy | −$5.7k | −$1.13 |
| EGI | $120.6k | $24.07 |
| − OpEx | −$54.3k | −$10.83 |
| NOI | $66.3k | $13.24 |
5,010 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$947.3K
$828.9K – $1.11M
NOI $66,314 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,315 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Three residential structures offer well-maintained units and private off-street parking in Concord, near I-93.
Where is this apartment building located?
The property is located at 273-279 S Main Street Concord, NH.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Multifamily portfolio with three residential structures: Cape, Ranch, and classic New Englander; Approximately 4,686 sq ft of finished living space total across the three buildings; Many updates reported; features wood frame with clapboard and vinyl siding and an asbestos exterior noted
