Building Details

Year Built 1900

Listing Agency: Coldwell Banker Realty Bedford NH

Listed By: Ofe Polack · License #14751 Show Phone

Source: Welcomeaboderealty

Added: Sep 18 Changed: Sep 24 Last Checked: Sep 24 at 7:06AM

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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 Coldwell Banker Realty Bedford NH

Investment Insights

Based on property information with market context.

Built in 1900, this 4,636-square-foot multifamily property contains three residential units: one with two bedrooms and two bathrooms, plus two additional units with two bedrooms and one-and-a-half bathrooms each. The configuration provides six bedrooms, four full bathrooms, and two half baths within the building.

Located at 337 Main St in Fremont, the property includes 429.1" of river frontage. Town historic resources identify the site as the former location of the 1902 Cooperage Shop, and records note that weigh/hay scales were installed here in 1907 in connection with the Spaulding & Frost Cooperage.

Key Highlights

• Three‑unit multifamily property with six bedrooms total
• 4,636 square feet; built in 1900
• 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 (±1% cap)

NOI $78,099 @ 7.0% cap · market cap 7.10%

Second Best

Apartment 5plus

$1.01M

$879.4K – $1.17M (±1% cap)

NOI $70,350 @ 7.0% cap · market cap 6.40%

Theoretical Best

Office A

$1.54M

$1.35M – $1.80M (±1% cap)

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

Triplexes

Suggested Use

Top Pick Building Supply Auto Parts Store HVAC Service Restaurant Auto Repair Shop Hair Salon

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

3

Residential units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

71

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this triplexes located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Triplex - Historic multifamily building with a varied three-unit layout and river frontage along Main Street.

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 multifamily property with six bedrooms total; 4,636 square feet; built in 1900; One 2‑bedroom, 2‑bath unit plus two 2‑bedroom, 1.5‑bath units