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    Colonial Quadplex for Residential Income Title is generated by Realmo AI

    292 Richmond Road, Winchester, NH 03470

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    Claim this Listing
    For Sale
    Under Contract
    $290,000

    MULTI_FAMILY - Colonial - Winchester, NH

    Property size:
    4,739 SF
    Lot size:
    3.02 Acres
    Price / SF:
    $61/SF
    Added:
    Feb 26, 2026
    Days on Market:
    98
    Last Refresh:
    Jun 4 at 11:06 am

    Property Features for 292 Richmond Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    02 Residential
    Rooms
    Basement
    Standard status
    Active Under Contract
    Size
    4,739 SF
    Lot size
    3.02 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5759

    Utilities

    Utilities
    Phone Available
    Sewer type
    Shared Septic
    Heating system
    Oil, Baseboard, Hot Water(Heating), Electric (Heating), Propane (Heating)
    Water source
    Public

    Building Details

    Year built
    1870
    Floors in Building
    3
    Number of units
    4
    Building materials
    Wood Frame, Clapboard Exterior, Wood Siding
    Roof type
    Metal, Slate
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Jonathan Bafundi

    Listing agent Jonathan Bafundi

    Listing office Realty One Group Next Level 40 Harvey Rd, Bedford, NH

    Listing date Feb 26, 2026

    MLS# 5077669 Listing URL

    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.

    HighLights

    • 3‑unit property with 3 units currently occupied by tenants who pay on time and want to stay
    • Year built 1870 with Colonial architectural style
    • Wood‑frame construction with clapboard exterior and wood siding
    • Heating includes oil, propane, and electric/baseboard and hot‑water heating
    • Water source: public; sewer: shared septic
    • Metal and slate roof

    Overview

    This Colonial-style quadplex is set up as a residential income property with 3 units currently occupied. Public remarks indicate tenants pay on time and a number have been in place for many years. The property needs some repairs, and it is being sold without further repairs.

    Located at 292 Richmond Road in Winchester, NH, the asset is described as only a few minutes away from downtown Winchester. The lot is approximately 3.02 acres and is mostly open, providing outdoor space for tenant use. The property is zoned as 02 Residential. Showings are limited due to tenants’ work schedules, with 48 hours’ notice requested and weekend showings only.

    This offering is positioned for investors willing to buy with the property’s current condition in mind, including the need for repairs and an as-is sale structure. With existing occupied units, it may appeal to cash buyers seeking to maintain continuity with current tenants while accounting for required updates. The mostly open outdoor area can also support practical day-to-day tenant outdoor activities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Nail Salon Building Supply Hotel & Motel Kitchen & Bath Showroom Department Store Daycare Center Electrical Service Computer & Electronic Repair Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Winchester
    County
    Cheshire
    State
    New Hampshire
    Longitude
    -72.358813
    Latitude
    42.763545

    Nearby Similar for Sale

    • $4,169,000
      42,494 SF

      Dominant Retail Center For Sale

      Retail center with diverse tenant mix available for purchase.
      30 Warwick Rd, Winchester, NH 03470
      View Details
    • $530,000
      5,321 SF

      Cash-Flowing Multifamily Property

      Five-unit property with separate utilities and income potential.
      406 Back Ashuelot RD, Winchester, NH 03441
      View Details

    FAQs

    What type of property is this?
    Quadplex - Partially occupied quadplex on a mostly open parcel, sold as-is with limited repair responsibilities.
    Where is this quadplex located?
    The property is located at 292 Richmond Road Winchester, NH.
    What is the asking price?
    The asking price for this property is $290,000.
    What are key features of this property?
    This property features: 3‑unit property with 3 units currently occupied by tenants who pay on time and want to stay; Year built 1870 with Colonial architectural style; Wood‑frame construction with clapboard exterior and wood siding
    (603) 389-6604
    We can help!
    Listing Contact
    Jonathan Bafundi
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    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.

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