40 Western Avenue, Milton, NH 03852

Building Details

Year Built 1900 More

Listing Agency: KW Coastal and Lakes & Mountains Realty/Rochester

Listed By: The Zoeller Group Show Phone

Source: Aultcommercial

Added: Nov 3 Changed: Nov 8 Last Checked: Nov 8 at 6:07AM

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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 KW Coastal and Lakes & Mountains Realty/Rochester

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Investment Insights

Based on property information with market context.

The 1,976-square-foot duplex, built in 1900, contains two distinct residences. The vacant unit spans two levels, with a living room, dining area, updated kitchen, two bedrooms, laundry room, half bath, and private deck. Birch flooring, ceramic tile, and a mini-split system provide additional interior features. The second residence has a kitchen, living room, bedroom, full bath, and an upstairs room suitable for storage or office use. It has a separate mini-split and propane heat.

Set on a 0.33-acre lot at 40 Western Avenue in Milton, the property includes separate driveways, fenced outdoor areas, and individual backyards. One unit is leased and the other is vacant.

Key Highlights

• Two‑unit property with one leased residence and one vacant unit
• 1,976 square feet on a 0.33‑acre lot
• Vacant unit has two bedrooms, laundry room, half bath, and private deck

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,059

Cap Rate

4.49%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$401,180 $401.2K

Cap Rate 7%

$286,557 $286.6K

Cap Rate 9%

$222,878 $222.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,976 SF

Gross rent

$29.6K $15.00/SF

− Vacancy

−$984 −$0.50/SF

EGI

$28.7K $14.50/SF

− OpEx

−$8.6K −$4.35/SF

NOI

$20.1K $10.15/SF

Area

Strafford County, NH

Vacancy

3.32%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$401,180

Cap Rate 7%

$286,557

Cap Rate 9%

$222,878

Alternative Uses

Best Use

Multifamily LT 5

$286.6K

$250.7K – $334.3K (±1% cap)

NOI $20,059 @ 7.0% cap · market cap 4.49%

Second Best

Apartment 5plus

$264.3K

$231.3K – $308.3K (±1% cap)

NOI $18,500 @ 7.0% cap · market cap 4.14%

Theoretical Best

Office A

$528.6K

$462.6K – $616.8K (±1% cap)

NOI $37,005 @ 7.0% cap · market cap 8.28%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

28

Businesses Nearby

Explore this area Business Placement

Demographics for 03852, NH

591

Population

92

Households

6.4

Avg Household Size

39

Median Age

40%

College-Educated

98%

High-School Grad

6.7 sq mi

ZIP Area

88

Density / Sq Mi

$47,321

Median Earnings

$330,900

Median Home Value

Market

Average Price Trend$/SF for Duplexes in Strafford County, NH

$234 Jul

$240 Aug

$257 Sep

$253 Oct

Properties on Market for Duplexes in Strafford County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - One residence is tenant-occupied, while the other is vacant and ready for its next occupant.

Where is this duplex located?

The property is located at 40 Western Avenue Milton, NH.

What is the asking price?

The asking price for this property is $447,000.

What are key features of this property?

This property features: Two‑unit property with one leased residence and one vacant unit; 1,976 square feet on a 0.33‑acre lot; Vacant unit has two bedrooms, laundry room, half bath, and private deck