Quadplex with Detached 3-Bay
New
For Sale
$659,900
4-6 Knapp Road, Tilton, NH 03276
Fully occupied multifamily asset with renovated first-floor units and shared coin-operated laundry.
Property Size2,750 SF
Lot Size0.75 Acres
Price / SF$239.96
Days on Market4
Property Features for 4-6 Knapp Road
General Information
Standard status
Active
Size
2,750 SF
Lot size
0.75 Acres
Property subtype
Multi Family
Zoning
MIXED
Occupancy
100%
Units
Unit Mix
4 x 1BR
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$5,269
Amenities
coin-operated washer/dryer
detached garage
Building Details
Year Built
1980
Stories
2
Listing Agency:
White Water Realty Group LLC
Listed By:
Katie Tusi
(603) 369-0578
Source:
Laerrealty
Added: Sep 22
Changed: Sep 24
Last Checked: Sep 24 at 7:47AM
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 White Water Realty Group LLC
Investment Insights
Based on property information with market context.
This 2,750 SF quadplex includes four one-bedroom units with open layouts and a detached 3-bay garage. The property occupies 3/4 acre and includes two driveways with substantial tenant parking. Recent improvements include a new roof, new porches, and full renovations to the first-floor units.
The garage has separately metered electric, providing dedicated utility service for storage or other property use. A coin-operated washer and dryer are installed in a designated second-floor hallway area. One natural gas-fired system supplies heat and hot water for the property, while tenants pay their own electricity and additional personal utilities. The property is zoned MIXED, was built in 1980, and is currently fully occupied.
The garage has separately metered electric, providing dedicated utility service for storage or other property use. A coin-operated washer and dryer are installed in a designated second-floor hallway area. One natural gas-fired system supplies heat and hot water for the property, while tenants pay their own electricity and additional personal utilities. The property is zoned MIXED, was built in 1980, and is currently fully occupied.
Key Highlights
- Four one‑bedroom units in a fully occupied quadplex
- 2,750 SF property on a 3/4 acre lot
- Detached 3‑bay garage with separately metered electric
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$40,125
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$802,500
$802.5K
Cap Rate 7%
$573,214
$573.2K
Cap Rate 9%
$445,833
$445.8K
Market Conditions
NOI Build-Up for 2,750 SF
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.
Gross rent
$59.4K $21.60/SF
− Vacancy
−$2.1K −$0.76/SF
EGI
$57.3K $20.84/SF
− OpEx
−$17.2K −$6.25/SF
NOI
$40.1K $14.59/SF
Area
Belknap County, NH
Vacancy
3.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$802,500
Cap Rate 7%
$573,214
Cap Rate 9%
$445,833
Alternative Uses
Best Use
Multifamily LT 5
$573.2K
$501.6K – $668.8K
NOI $40,125 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$527.1K
$461.2K – $614.9K
NOI $36,895 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$654.0K
$572.2K – $763.0K
NOI $45,778 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
Explore this area
Business Placement
Demographics for 03276, NH
8,766
Population
3,984
Households
2.2
Avg Household Size
44
Median Age
26%
College-Educated
91%
High-School Grad
39.3 sq mi
ZIP Area
223
Density / Sq Mi
$79,270
Median Household Income
$47,810
Median Earnings
$1,024
Median Rent
$245,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied multifamily asset with renovated first-floor units and shared coin-operated laundry.
Where is this quadplex located?
The property is located at 4-6 Knapp Road Tilton, NH.
What is the asking price?
The asking price for this property is $659,900.
What are key features of this property?
This property features: Four one‑bedroom units in a fully occupied quadplex; 2,750 SF property on a 3/4 acre lot; Detached 3‑bay garage with separately metered electric
