5-Unit Apartment
New
For Sale
$900,000
4-10 Pemberton Ln, Somersworth, NH 03878
Five two-bedroom residences are fully leased and include a separate parking area for residents.
Property Size5,529 SF
Price / SF$162.78
Days on Market4
Property Features for 4-10 Pemberton Ln
General Information
Standard status
Active
Size
5,529 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
5 x 2BR
Multifamily Units
5
Amenities
spacious yard
parking lot
Building Details
Year Built
1885
Buildings
1
Listing Agency:
Cassandra Cordeiro Of A House To Home Realty
Listed By:
Dempsey Realty Group
(603) 321-5891
Source:
Dempseyteam
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 6:26AM
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 Cassandra Cordeiro Of A House To Home Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,529-square-foot apartment building contains five two-bedroom units. Constructed in 1885, the property also includes a yard and a separate parking lot for residents.
The building is on Pemberton Lane in Somersworth, on a side street within walking distance of downtown. All five apartments are leased.
The building is on Pemberton Lane in Somersworth, on a side street within walking distance of downtown. All five apartments are leased.
Key Highlights
- Five apartments, each with two bedrooms
- 5,529 square feet across the building
- Built in 1885
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,765
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,035,300
$1.0M
Cap Rate 7%
$739,500
$739.5K
Cap Rate 9%
$575,167
$575.2K
Market Conditions
NOI Build-Up for 5,529 SF
Gross rent
$97.5K $17.64/SF
− Vacancy
−$3.4K −$0.62/SF
EGI
$94.1K $17.02/SF
− OpEx
−$42.4K −$7.66/SF
NOI
$51.8K $9.36/SF
Area
Strafford County, NH
Vacancy
3.50%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,035,300
Cap Rate 7%
$739,500
Cap Rate 9%
$575,167
Alternative Uses
Best Use
Apartment 5plus
$739.5K
$647.1K – $862.8K
NOI $51,765 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.29M – $1.73M
NOI $103,543 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
418
Businesses Nearby
Explore this area
Business Placement
Demographics for 03878, NH
11,919
Population
5,722
Households
2.1
Avg Household Size
40
Median Age
29%
College-Educated
95%
High-School Grad
9.8 sq mi
ZIP Area
1,216
Density / Sq Mi
$79,691
Median Household Income
$47,638
Median Earnings
$1,410
Median Rent
$295,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Five two-bedroom residences are fully leased and include a separate parking area for residents.
Where is this apartment building located?
The property is located at 4-10 Pemberton Ln Somersworth, NH.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Five apartments, each with two bedrooms; 5,529 square feet across the building; Built in 1885
