Renovated 7-Unit Apartment
For Sale
$1,200,000
411 US Route 4, Enfield, NH 03748
Renovated apartments include on-site parking and a detached garage.
Property Size5,035 SF
Price / SF$238.33
Days on Market58
Property Features for 411 US Route 4
General Information
Standard status
Active
Size
5,035 SF
Property subtype
Multi-Unit
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
7
Amenities
Lot Size Acres: 1
Percentage of Tax that is Deductable: 0
Sale, Sale Type: Foreclosure
8 Bedrooms
Residential Style: Other, Built in 1963
Property Township: Enfield
Above Area Square Feet: 5035
Building Details
Year Built
1963
Buildings
1
Listing Agency:
BHHS Verani Realty
(603) 643-8822
Listed By:
Heather Ashline
(603) 643-8822
Source:
Doyle-realty
Added: Jun 18
Changed: Aug 14
Last Checked: Aug 14 at 6:52AM
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 Realty
Investment Insights
Based on property information with market context.
This 7-unit apartment building contains 5035 SF and was built in 1963. The property includes recently renovated units, on-site parking, and a detached one-car garage, with the building set back from US Route 4 for tenant access.
Located in Enfield, the property provides access to restaurants, shopping, churches, Jake's Market, Mascoma Lake beaches, and nearby schools. Routes 4, 4A, and I-89 connect the property with the Upper Valley, including Dartmouth Hitchcock Medical Center, Dartmouth College, the VA Medical Center, Lebanon Municipal Airport, and West Lebanon shopping.
Located in Enfield, the property provides access to restaurants, shopping, churches, Jake's Market, Mascoma Lake beaches, and nearby schools. Routes 4, 4A, and I-89 connect the property with the Upper Valley, including Dartmouth Hitchcock Medical Center, Dartmouth College, the VA Medical Center, Lebanon Municipal Airport, and West Lebanon shopping.
Key Highlights
- 7‑unit apartment building with recently renovated units
- 5035 SF building constructed in 1963
- Detached one‑car garage and ample on‑site parking
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
$45,776
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
3.81%
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%
$915,520
$915.5K
Cap Rate 7%
$653,943
$653.9K
Cap Rate 9%
$508,622
$508.6K
Market Conditions
NOI Build-Up for 5,035 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
$87.6K $17.40/SF
− Vacancy
−$4.4K −$0.87/SF
EGI
$83.2K $16.53/SF
− OpEx
−$37.5K −$7.44/SF
NOI
$45.8K $9.09/SF
Area
Grafton County, NH
Vacancy
5.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
45.00%
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%
$915,520
Cap Rate 7%
$653,943
Cap Rate 9%
$508,622
Alternative Uses
Best Use
Apartment 5plus
$653.9K
$572.2K – $762.9K
NOI $45,776 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$969.1K – $1.29M
NOI $77,529 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
Explore this area
Business Placement
Demographics for 03748, NH
4,626
Population
2,581
Households
1.8
Avg Household Size
48
Median Age
46%
College-Educated
97%
High-School Grad
46.8 sq mi
ZIP Area
99
Density / Sq Mi
$96,335
Median Household Income
$55,308
Median Earnings
$1,403
Median Rent
$338,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated apartments include on-site parking and a detached garage.
Where is this apartment building located?
The property is located at 411 US Route 4 Enfield, NH.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 7‑unit apartment building with recently renovated units; 5035 SF building constructed in 1963; Detached one‑car garage and ample on‑site parking
