Lakefront Short-Term Rental
For Sale
$1,999,999
28 Pine Colony Road, Franklin, NH 03235
The layout includes a separate two-bedroom apartment, multiple common rooms, and a sunroom overlooking Webster Lake.
Property Size6,410 SF
Price / SF$338.41
Days on Market40
Property Features for 28 Pine Colony Road
General Information
Standard status
Active
Size
6,410 SF
Total Parking Spaces
1
Property subtype
Residential Income
Zoning
LP 1F RESIDENTIAL WTRFRNT
Taxes and HOA fees
Annual Taxes
$14,275
Amenities
Forced Air, Wood Stove
Walk-Out Access
Shared Driveway, Driveway, Off Street, Unpaved
Other
Building Details
Building Size
6,410 SF
Year Built
1901
Stories
2
Listing Agency:
603 Birch Realty, LLC
Listed By:
Dawn Smith
(603) 520-6863
Source:
Evrealestate
Added: Sep 23
Changed: Oct 25
Last Checked: Nov 1 at 5:57AM
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 603 Birch Realty, LLC
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Investment Insights
Based on property information with market context.
Set on Webster Lake, this 5,910-square-foot property was built in 1901 and has a multi-bedroom layout with a separate apartment. The first floor contains two bedrooms, the apartment, a game room, family room, laundry room, multiple bathrooms, a sunroom, and a living room with cathedral ceilings. Five additional bedrooms and three bathrooms are located upstairs.
The sunroom overlooks Webster Lake, and the property has waterfront outdoor space. The existing configuration includes both private living areas and shared rooms, with the separate apartment offering two bedrooms and one bathroom.
The sunroom overlooks Webster Lake, and the property has waterfront outdoor space. The existing configuration includes both private living areas and shared rooms, with the separate apartment offering two bedrooms and one bathroom.
Key Highlights
- 5,910 square feet; built in 1901
- Separate apartment has 2 bedrooms and 1 bathroom
- Five upstairs bedrooms and 3 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,227
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,564,540
$1.6M
Cap Rate 7%
$1,117,529
$1.1M
Cap Rate 9%
$869,189
$869.2K
Market Conditions
NOI Build-Up for 5,910 SF
Gross rent
$148.9K $25.20/SF
− Vacancy
−$6.7K −$1.13/SF
EGI
$142.2K $24.07/SF
− OpEx
−$64.0K −$10.83/SF
NOI
$78.2K $13.24/SF
Area
Merrimack County, NH
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,564,540
Cap Rate 7%
$1,117,529
Cap Rate 9%
$869,189
Alternative Uses
Best Use
Apartment 5plus
$1.12M
$977.8K – $1.30M
NOI $78,227 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,719 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
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Business Placement
Demographics for 03235, NH
8,856
Population
4,021
Households
2.2
Avg Household Size
44
Median Age
19%
College-Educated
91%
High-School Grad
29.8 sq mi
ZIP Area
297
Density / Sq Mi
$69,921
Median Household Income
$41,333
Median Earnings
$1,088
Median Rent
$244,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Short term rental property - The layout includes a separate two-bedroom apartment, multiple common rooms, and a sunroom overlooking Webster Lake.
Where is this short term rental property located?
The property is located at 28 Pine Colony Road Franklin, NH.
What is the asking price?
The asking price for this property is $1,999,999.
What are key features of this property?
This property features: 5,910 square feet; built in 1901; Separate apartment has 2 bedrooms and 1 bathroom; Five upstairs bedrooms and 3 bathrooms
