Three-Unit Residential Income
36 Elm Street Derry, NH 03038
For Sale
$549,000
Three-unit corner property with off-street parking, a detached garage, and month-to-month tenancy.
Property Size2,352 SF
Price / SF$233.42
Days on Market81
Property Features for 36 Elm Street
General Information
- Standard status
- Active
- Size
- 2,352 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1920
Listing Agency:
Century 21 North East
(978) 914-2624
Listed By:
Rachelle DaSilva
(978) 914-2624
Source:
Compass
Added: May 4
Changed: Jul 23
Last Checked: Jul 23 at 8:44AM
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 Century 21 North East
Investment Insights
Based on property information with market context.
This three-unit residential income property offers separate living arrangements accessed from a common hallway. A front entry opens to the shared interior route to all three units, with each home featuring in-unit laundry hookups. The first-floor unit includes three bedrooms, a spacious kitchen with an island, and direct access to the front farmers’ porch and the rear driveway.
The second-floor unit has a generously sized kitchen, two bedrooms, and a private deck with stairs leading to the driveway. The third-floor unit is a large studio with its own private staircase, an oversized bathroom, and an eat-in bar area.
Set on a corner lot, the property includes ample off-street parking and a detached garage. All units are currently rented on a month-to-month basis.
The second-floor unit has a generously sized kitchen, two bedrooms, and a private deck with stairs leading to the driveway. The third-floor unit is a large studio with its own private staircase, an oversized bathroom, and an eat-in bar area.
Set on a corner lot, the property includes ample off-street parking and a detached garage. All units are currently rented on a month-to-month basis.
Key Highlights
- Three‑family home on a corner lot with 3 full baths and basement access via walk‑up entry
- All three units are currently rented on month‑to‑month tenancy
- First‑floor unit has 3 bedrooms, a spacious kitchen with island, in‑unit laundry hookups, and access to the front farmer’s porch and rear driveway
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 | $59.3k | $25.20 |
| − Vacancy | −$2.7k | −$1.13 |
| EGI | $56.6k | $24.07 |
| − OpEx | −$17.0k | −$7.22 |
| NOI | $39.6k | $16.85 |
2,352 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$566.0K
$495.3K – $660.4K
NOI $39,622 @ 7.0% cap · market cap 7.22%
Second Best
Apartment 5plus
$509.9K
$446.1K – $594.9K
NOI $35,691 @ 7.0% cap · market cap 6.50%
Theoretical Best
Office A
$783.0K
$685.2K – $913.6K
NOI $54,813 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Three-unit corner property with off-street parking, a detached garage, and month-to-month tenancy.
Where is this triplex located?
The property is located at 36 Elm Street Derry, NH.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Three‑family home on a corner lot with 3 full baths and basement access via walk‑up entry; All three units are currently rented on month‑to‑month tenancy; First‑floor unit has 3 bedrooms, a spacious kitchen with island, in‑unit laundry hookups, and access to the front farmer’s porch and rear driveway
