Value-Add Four-Unit
357 Maplewood Avenue Portsmouth, NH 03801
357 Maplewood Avenue, Portsmouth, NH, 03801
$1,200,800
For Sale
$1,200,800
Four-unit multifamily property is offered for sale and requires significant updating.
Property Size6,144 SF
Price / SF$195.44
Days on Market40
Property Features for 357 Maplewood Avenue
General Information
- Standard status
- Active
- Size
- 6,144 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1890
Listing agency
Bhhs Verani Seacoast
(603) 770-8600
Listed by
Foss & Russell Group
(603) 770-8600
Source
Threehillsres
Added: Jun 13 Updated: Jul 21 at 4:07PM Checked: Jul 22 at 6:51AM
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 Bhhs Verani Seacoast
Investment Insights
Based on property information with market context.
This four-unit multifamily property presents a value-add opportunity for investors, builders, and contractors. The building needs significant updating, creating room for an experienced team to renovate and reposition the asset.
The property is located at 357 Maplewood Avenue in Portsmouth, New Hampshire, within walking distance to downtown Portsmouth. It is described as being convenient to local shops, dining, and commuter routes.
The offering includes a four-unit configuration and is being marketed as a project property, suitable for parties prepared to handle substantial renovation work.
The property is located at 357 Maplewood Avenue in Portsmouth, New Hampshire, within walking distance to downtown Portsmouth. It is described as being convenient to local shops, dining, and commuter routes.
The offering includes a four-unit configuration and is being marketed as a project property, suitable for parties prepared to handle substantial renovation work.
Key Highlights
- Four‑unit multifamily property requires significant updating
- Year built: 1890
- Located at 357 Maplewood Ave, Portsmouth, NH
Local Financial Insights For Multifamily LT 5
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 | $92.2k | $15.00 |
| − Vacancy | −$3.1k | −$0.50 |
| EGI | $89.1k | $14.50 |
| − OpEx | −$26.7k | −$4.35 |
| NOI | $62.4k | $10.15 |
6,144 SF · lease $15.00/SF/yr · vacancy 3.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$891.0K
$779.6K – $1.04M
NOI $62,370 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$821.8K
$719.0K – $958.7K
NOI $57,523 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$1.64M
$1.44M – $1.92M
NOI $115,060 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit multifamily property is offered for sale and requires significant updating.
Where is this quadplex located?
The property is located at 357 Maplewood Avenue Portsmouth, NH.
What is the asking price?
The asking price for this property is $1,200,800.
What are key features of this property?
This property features: Four‑unit multifamily property requires significant updating; Year built: 1890; Located at 357 Maplewood Ave, Portsmouth, NH
