Building Details

Year built 2016

Listing Agency: Bedford, New Hampshire · Better Homes and Gardens Real Estate i***@Masiello.com Show Phone

Listed By: Louis Nixon Show Phone

Added: Aug 8 Last Checked: Aug 26 at 7:06AM

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MLS# 5103193

Copyright © 2026 Better Homes and Gardens-The Masiello Group. 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 multifamily property combines a 2016 custom colonial with a separate 2023 Cape-style accessory dwelling unit on 4+ acres in New Boston. The primary residence offers 4,287 square feet, 3+ bedrooms, 4 baths, a first-floor office, guest suite with kitchenette, recreation room, walkout lower level, mudroom, covered porch, deck, and an attic roughed in for plumbing, electrical, and heat/AC. Its granite and stainless kitchen includes a walk-in pantry and center island.

The ADU includes 2 bedrooms and 1.5 baths, with a first-floor bedroom and bath, second-floor bedroom, office, and half bath. It also provides an unfinished walkout basement with laundry and storage space. The homes share a well and have separate septic systems, while the ADU is positioned apart from the main residence with dedicated parking. The property is located at 325-329 McCurdy Road, approximately 3 minutes from the Bedford line and 20 minutes from Manchester and highways.

Key Highlights

• 4,287‑square‑foot multifamily property on 4+ acres
• 2016 custom colonial with 3+ bedrooms and 4 baths
• Separate 2023 Cape‑style ADU with 2 bedrooms and 1.5 baths

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

$58,328

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

4.67%

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%

$1,166,560 $1.2M

Cap Rate 7%

$833,257 $833.3K

Cap Rate 9%

$648,089 $648.1K

Market Conditions

NOI Build-Up for 4,287 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

$111.6K $26.04/SF

− Vacancy

−$5.6K −$1.30/SF

EGI

$106.1K $24.74/SF

− OpEx

−$47.7K −$11.13/SF

NOI

$58.3K $13.61/SF

Area

Hillsborough County, NH

Vacancy

5.00%

Lease Rate

$26.04 /SF/Yr

Expense Ratio

45.00%

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%

$1,166,560

Cap Rate 7%

$833,257

Cap Rate 9%

$648,089

Alternative Uses

Best Use

Apartment 5plus

$833.3K

$729.1K – $972.1K (±1% cap)

NOI $58,328 @ 7.0% cap · market cap 4.67%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$7.85M

$6.87M – $9.16M (±1% cap)

NOI $549,808 @ 7.0% cap · market cap 43.98%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Multifamily properties

Suggested Use

Top Pick Electrical Service Home Appliance Store Tech Support Center Nursing Home Department Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

14

Businesses Nearby

Explore this area Business Placement

Demographics for 03070, NH

6,134

Population

2,189

Households

2.8

Avg Household Size

42

Median Age

43%

College-Educated

94%

High-School Grad

43.1 sq mi

ZIP Area

142

Density / Sq Mi

$151,296

Median Household Income

$75,339

Median Earnings

$1,140

Median Rent

$436,300

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Multifamily property - A 2016 primary home and 2023 accessory dwelling provide flexible living arrangements across a 4+ acre site.

Where is this multifamily property located?

The property is located at 325-329 Mccurdy Road New Boston, NH.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: 4,287‑square‑foot multifamily property on 4+ acres; 2016 custom colonial with 3+ bedrooms and 4 baths; Separate 2023 Cape‑style ADU with 2 bedrooms and 1.5 baths