Historic Triplex with River
For Sale
$1,100,000
337 Main Street, Fremont, NH 03044
Multi-Family, Fremont, NH
Property Size4,636 SF
Lot Size2.03 Acres
Price / SF$237.27
Days on Market9
Property Features for 337 Main Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
1051
Bedrooms
6
Bathrooms
7
Full bathrooms
7
Rooms
Bedroom 3, Bathroom 7, Bedroom 5, Basement, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 6, Bathroom 4, Bathroom 1, Bedroom 2, Bathroom 5, Bedroom 6, Bathroom 3
Patio and Porch features
Porch, Deck
Exterior features
Barn, Deck, Garden Space, Covered Porch
Appliances
Domestic Water Heater, Oil Water Heater, On Demand Water Heater, Owned Water Heater, Separate Water Heater, Tankless Coil Water Heatr
Lot features
City Lot, Country Setting, Landscaped, Level, Major Road Frontage, Neighbor Business, Slight, Street Lights, Near Shopping, Near School(s)
Elementary school
Ellis School
High school
Pinkerton Academy
Elementary school district
Fremont Sch District SAU #83
Middle school district
Fremont Sch District SAU #83
High school district
Fremont Sch District SAU #83
Standard status
Active
Size
4,636 SF
Lot size
2.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13640
Utilities
Utilities
Phone Available
Heating system
Oil, Baseboard, Hot Water(Heating)
Water source
Private, Well
Water front
1
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Flooring type
Tile, Carpet, Hardwood
Building materials
Clapboard Exterior, Shake Siding
Roof type
Metal, Shingle
Architectural style
Other
Listing Agency:
Coldwell Banker Realty Bedford NH · Coldwell Banker Real Estate
(603) 471-0777
Listed By:
Ofe Polack · License #14751
(603) 848-9559
Added: Sep 16
Changed: Sep 23
Last Checked: Sep 24 at 10:06PM
MLS# 5110217
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.
Investment Insights
Based on property information with market context.
Built in 1900, this 4,636-square-foot triplex contains three residential units with six bedrooms total. The configuration includes one two-bedroom unit with two full bathrooms and two additional two-bedroom units, each with one full bathroom and one half bath. Interior finishes include hardwood, tile, and carpet, while heating is provided by an oil-fired hot-water baseboard system. The property also includes a barn, garden space, deck, covered porch, basement, shingle and metal roofing, and clapboard and shake siding.
Set on 2.03 acres at 337 Main Street in Fremont, the property has 429.1" of river frontage and a private well. Town historic resources identify the site as the location of a 1902 cooperage shop, with historical records noting weigh and hay scales at the property in 1907. Zoning is designated 1051.
Set on 2.03 acres at 337 Main Street in Fremont, the property has 429.1" of river frontage and a private well. Town historic resources identify the site as the location of a 1902 cooperage shop, with historical records noting weigh and hay scales at the property in 1907. Zoning is designated 1051.
Key Highlights
- Three‑unit triplex with six bedrooms total
- 4,636 square feet on 2.03 acres
- One 2‑bedroom, 2‑bath unit plus two 2‑bedroom, 1.5‑bath units
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
$78,099
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
7.10%
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%
$1,561,980
$1.6M
Cap Rate 7%
$1,115,700
$1.1M
Cap Rate 9%
$867,767
$867.8K
Market Conditions
NOI Build-Up for 4,636 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
$116.8K $25.20/SF
− Vacancy
−$5.3K −$1.13/SF
EGI
$111.6K $24.07/SF
− OpEx
−$33.5K −$7.22/SF
NOI
$78.1K $16.85/SF
Area
Rockingham County, NH
Vacancy
4.50%
Lease Rate
$25.20 /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%
$1,561,980
Cap Rate 7%
$1,115,700
Cap Rate 9%
$867,767
Alternative Uses
Best Use
Multifamily LT 5
$1.12M
$976.2K – $1.30M
NOI $78,099 @ 7.0% cap · market cap 7.10%
Second Best
Apartment 5plus
$1.01M
$879.4K – $1.17M
NOI $70,350 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $108,042 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
80
Businesses Nearby
Explore this area
Business Placement
Demographics for 03044, NH
4,739
Population
1,817
Households
2.6
Avg Household Size
46
Median Age
36%
College-Educated
92%
High-School Grad
17.2 sq mi
ZIP Area
276
Density / Sq Mi
$125,774
Median Household Income
$50,396
Median Earnings
$2,618
Median Rent
$405,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with six bedrooms, multiple baths, a private well, and outdoor features including a deck and covered porch.
Where is this triplex located?
The property is located at 337 Main Street Fremont, NH.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Three‑unit triplex with six bedrooms total; 4,636 square feet on 2.03 acres; One 2‑bedroom, 2‑bath unit plus two 2‑bedroom, 1.5‑bath units
