4-Unit Multifamily
32 Hall Avenue, Henniker, NH 03242
For Sale
$740,000
Four two-bedroom apartments are served by public water and sewer, with parking on site.
Property Size4,751 SF
Price / SF$155.76
Days on Market99
Property Features for 32 Hall Avenue
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Additional Details
Utilities to Site
Tenant in Place
Building Details
Year Built
Listing Agency:
Keller Williams Realty/Merrimack Valley
(978) 692-3280
Listed By:
Mary McCauley · License #Mary McCauley
(978) 496-6739
Source:
Anotchaboverealestate
Added: Aug 2
Changed: Nov 8
Last Checked: Nov 7 at 1:43PM
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 Keller Williams Realty/Merrimack Valley
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Investment Insights
Based on property information with market context.
Built in 1900, this 4,751-square-foot multifamily property contains four two-bedroom apartments. Three units are occupied; the fourth is vacant and has freshly painted rooms. The building has an asphalt-shingle roof that is eight years old, and exterior maintenance and painting are underway in areas requiring attention. Additional updating is anticipated.
The property is near downtown Henniker, New England College, shops, restaurants, and other area amenities.
The property is near downtown Henniker, New England College, shops, restaurants, and other area amenities.
Key Highlights
- Four apartments, each with two bedrooms
- 4,751‑square‑foot building constructed in 1900
- Three units occupied; one vacant with freshly painted rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,886
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,257,720
$1.3M
Cap Rate 7%
$898,371
$898.4K
Cap Rate 9%
$698,733
$698.7K
Market Conditions
NOI Build-Up for 4,751 SF
Gross rent
$119.7K $25.20/SF
− Vacancy
−$5.4K −$1.13/SF
EGI
$114.3K $24.07/SF
− OpEx
−$51.5K −$10.83/SF
NOI
$62.9K $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%
$1,257,720
Cap Rate 7%
$898,371
Cap Rate 9%
$698,733
Alternative Uses
Best Use
Multifamily LT 5
$974.9K
$853.0K – $1.14M
NOI $68,243 @ 7.0% cap · market cap 9.22%
Second Best
Apartment 5plus
$898.4K
$786.1K – $1.05M
NOI $62,886 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,594 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
Explore this area
Business Placement
Demographics for 03242, NH
6,185
Population
2,359
Households
2.6
Avg Household Size
28
Median Age
42%
College-Educated
99%
High-School Grad
44.1 sq mi
ZIP Area
140
Density / Sq Mi
$87,344
Median Household Income
$35,662
Median Earnings
$1,073
Median Rent
$317,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four two-bedroom apartments are served by public water and sewer, with parking on site.
Where is this quadplex located?
The property is located at 32 Hall Avenue Henniker, NH.
What is the asking price?
The asking price for this property is $740,000.
What are key features of this property?
This property features: Four apartments, each with two bedrooms; 4,751‑square‑foot building constructed in 1900; Three units occupied; one vacant with freshly painted rooms
