New Two-Family Residential
For Sale
$525,000
300 Middleton Road, Milton, NH 03851
Well-maintained two-family home built three years ago with efficient mini-split heating and cooling and vinyl plank flooring.
Property Size2,128 SF
Lot Size6.54 Acres
Price / SF$246.71
Days on Market65
Property Features for 300 Middleton Road
General Information
Standard status
Active
Size
2,128 SF
Lot size
6.54 Acres
Property subtype
Multi-family
Additional Details
Multifamily Units
2
Building Details
Year Built
2022
Listing Agency:
Profound New England Real Estate, LLC
Listed By:
Amber McKay
(603) 343-3981
Source:
Profoundrealestate
Added: Jul 6
Changed: Sep 8
Last Checked: Sep 8 at 6:41AM
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 Profound New England Real Estate, LLC
Investment Insights
Based on property information with market context.
A well-maintained two-family home built approximately three years ago, offering a flexible owner-occupant or income setup. Each unit includes efficient mini-split heating and cooling, along with durable vinyl plank flooring and modern finishes intended for low-maintenance living.
The property is set on a private 6.54-acre lot, providing outdoor space and added privacy while remaining move-in ready. With a two-unit layout and newer construction, it offers a straightforward option for buyers seeking a versatile residential income property.
The home’s key interior systems include mini-split heating and cooling for both units, supported by vinyl plank flooring and contemporary finishes throughout.
The property is set on a private 6.54-acre lot, providing outdoor space and added privacy while remaining move-in ready. With a two-unit layout and newer construction, it offers a straightforward option for buyers seeking a versatile residential income property.
The home’s key interior systems include mini-split heating and cooling for both units, supported by vinyl plank flooring and contemporary finishes throughout.
Key Highlights
- Two‑family home built in 2022 (about 3 years old)
- Set on a private 6.54‑acre lot
- Each unit has efficient mini‑split heating and cooling
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,602
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$432,040
$432.0K
Cap Rate 7%
$308,600
$308.6K
Cap Rate 9%
$240,022
$240.0K
Market Conditions
NOI Build-Up for 2,128 SF
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.
Gross rent
$31.9K $15.00/SF
− Vacancy
−$1.1K −$0.50/SF
EGI
$30.9K $14.50/SF
− OpEx
−$9.3K −$4.35/SF
NOI
$21.6K $10.15/SF
Area
Strafford County, NH
Vacancy
3.32%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$432,040
Cap Rate 7%
$308,600
Cap Rate 9%
$240,022
Alternative Uses
Best Use
Multifamily LT 5
$308.6K
$270.0K – $360.0K
NOI $21,602 @ 7.0% cap · market cap 4.11%
Second Best
Apartment 5plus
$284.6K
$249.0K – $332.1K
NOI $19,923 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$569.3K
$498.1K – $664.2K
NOI $39,851 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Explore this area
Business Placement
Demographics for 03851, NH
3,891
Population
1,785
Households
2.2
Avg Household Size
47
Median Age
17%
College-Educated
91%
High-School Grad
26.3 sq mi
ZIP Area
148
Density / Sq Mi
$98,750
Median Household Income
$49,178
Median Earnings
$1,503
Median Rent
$282,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained two-family home built three years ago with efficient mini-split heating and cooling and vinyl plank flooring.
Where is this duplex located?
The property is located at 300 Middleton Road Milton, NH.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two‑family home built in 2022 (about 3 years old); Set on a private 6.54‑acre lot; Each unit has efficient mini‑split heating and cooling
