Multifamily Building with Rooftop
3465 White Mountain Highway Conway, NH 03860
New
3465 White Mountain Highway, Conway, NH, 03860
$1,475,000
For Sale
$1,475,000
Seven long-term rental units include ADA-accessible 1BR and coin-op laundry, with off-street parking and a rooftop deck.
Property Size5,378 SF
Price / SF$274.27
Days on Market2
Property Features for 3465 White Mountain Highway
General Information
- Standard status
- Active
- Size
- 5,378 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1840
Listing agency
Kw Coastal And Lakes & Mountains Realty/N Conway
(603) 986-0840
Listed by
Kimberly Clarke
(603) 986-0840
Source
Threehillsres
Added: Jul 20 Updated: Jul 21 at 7:43AM Checked: Jul 21 at 7:43AM
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 Kw Coastal And Lakes & Mountains Realty/N Conway
Investment Insights
Based on property information with market context.
The Vale Apartments is a seven-unit long-term rental property featuring one ADA-accessible one-bedroom unit, five additional one-bedroom apartments, and one two-bedroom apartment. Unit interiors include modern finishes such as luxury vinyl plank or pine floors in the two-bedroom, along with brick and granite accent walls. Common and in-unit features include efficient mini-splits for heating and cooling, LED lighting, contemporary kitchens, ceiling fans with remotes, custom blinds, and keyless entry. The building is fully sprinklered and each unit is individually alarmed. Exterior and shared amenities include a rooftop deck, ample off-street parking, a fenced dog run, lighted common areas, tenant storage, and coin-op laundry.
The property is located on Route 16 in North Conway, NH, with mountain backdrop views referenced in the listing.
Showings require 48 hours’ notice, and broker interest is noted. Seller financing is available to qualified buyers.
The property is located on Route 16 in North Conway, NH, with mountain backdrop views referenced in the listing.
Showings require 48 hours’ notice, and broker interest is noted. Seller financing is available to qualified buyers.
Key Highlights
- 7 long‑term rental units in a building built in 1840, renovated by the current owners into separate apartments
- Unit mix includes one ADA‑accessible 1BR, five additional 1BRs, and one 2‑bedroom unit
- Heating and cooling are handled by efficient mini‑splits in the units, with LED lighting and ceiling fans with remote controls
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $106.5k | $19.80 |
| − Vacancy | −$5.9k | −$1.09 |
| EGI | $100.6k | $18.71 |
| − OpEx | −$45.3k | −$8.42 |
| NOI | $55.3k | $10.29 |
5,378 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$790.6K
$691.8K – $922.4K
NOI $55,345 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,001 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Seven long-term rental units include ADA-accessible 1BR and coin-op laundry, with off-street parking and a rooftop deck.
Where is this apartment building located?
The property is located at 3465 White Mountain Highway Conway, NH.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: 7 long‑term rental units in a building built in 1840, renovated by the current owners into separate apartments; Unit mix includes one ADA‑accessible 1BR, five additional 1BRs, and one 2‑bedroom unit; Heating and cooling are handled by efficient mini‑splits in the units, with LED lighting and ceiling fans with remote controls
