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Renovated 7-Unit Apartment Building

3465 White Mountain Highway Conway, NH 03860

New
3465 White Mountain Highway, Conway, NH, 03860
$1,475,000
For Sale
Claim this Listing
$1,475,000

MULTI_FAMILY - Other - Conway, NH

Property Size4,162 SF
Lot Size0.82 Acres
Price / SF$354.40
AddedJul 16
Days on Market1
Last RefreshJul 16 at 1:06 pm

Property Features for 3465 White Mountain Highway

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
HC
Bedrooms
8
Bathrooms
7
Rooms
Bathroom 4, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 8, Bathroom 5, Bedroom 3, Bedroom 7, Bathroom 6, Bathroom 7, Basement, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 3
Patio and Porch features
Patio, Deck
Exterior features
Deck, Dog Fence, Patio
Fencing
Fenced
Standard status
Active
Size
4,162 SF
Lot size
0.82 Acres

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
9594

Utilities

Heating system
Baseboard, Electric (Heating), Ductless (Heating)
Cooling system
Ductless, Zoned
Water source
Public

Building Details

Year built
1840
Floors in Building
3
Number of units
7
Building materials
Wood Frame, Brick Exterior, Clapboard Exterior, Shingle Siding, Stone Exterior
Roof type
Shingle
Architectural style
Other

Listing agent Kimberly Clarke

Listing office KW Coastal and Lakes & Mountains Realty/N Conway 2779 White Mountain Highway., Portsmouth, NH

Listing date Jul 16, 2026

MLS# 5100157 Listing URL

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.

This fully renovated 7-unit apartment building includes six one-bedroom units and a top-floor two-bedroom unit. The property features open layouts, efficient mini-split heat and AC, a large shared rooftop deck, storage rooms, and on-site laundry. Outdoor amenities include off-street parking and a fenced dog run, on a well-lit lot.

Located at 3465 White Mountain Highway in Conway, New Hampshire, the building offers mountain views from two sides, including views of Mount Washington and the Moat Range. Zoning is listed as HC.

Showings require 48 hours’ notice. Seller financing is available for qualified buyers.

Key Highlights

  • 7‑unit North Conway rental property with sweeping views of Mount Washington and the Moat Range
  • Fully renovated 4 years ago: 6 one‑bedroom units plus a top‑floor 2‑bedroom unit
  • Efficient mini‑split heating and AC with ductless, zoned cooling

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 $82.4k $19.80
− Vacancy −$4.5k −$1.09
EGI $77.9k $18.71
− OpEx −$35.0k −$8.42
NOI $42.8k $10.29
4,162 SF · lease $19.80/SF/yr · vacancy 5.50% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$611.9K
$535.4K – $713.9K (±1% cap)
NOI $42,831 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$909.3K – $1.21M (±1% cap)
NOI $72,746 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store Auto Repair Shop Auto Parts Store Storage Facility (Bike/Boat/Book/etc) Store Bakery Home Appliance Store (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Fully renovated 7-unit rental property featuring open layouts, mini-split heat and AC, and off-street parking.
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‑unit North Conway rental property with sweeping views of Mount Washington and the Moat Range; Fully renovated 4 years ago: 6 one‑bedroom units plus a top‑floor 2‑bedroom unit; Efficient mini‑split heating and AC with ductless, zoned cooling
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