Updated Three-Unit
For Sale
$799,900
43 Broadway, Pembroke, NH 03275
Three rented units with separate utilities, updated interiors, and a private primary suite in the owner-occupant unit.
Property Size3,262 SF
Price / SF$245.22
Days on Market11
Property Features for 43 Broadway
General Information
Standard status
Active
Size
3,262 SF
Property subtype
Multi-family
Occupancy
100%
Additional Details
Gross Income
$87,000
Multifamily Units
3
Building Details
Year Built
1828
Year Renovated
2021
Buildings
1
Listing Agency:
Keller Williams Realty-Metropolitan
Listed By:
Pradip Karki · License #285953
(401) 688-6766
Source:
Greatislandrealty
Added: Sep 14
Changed: Sep 24
Last Checked: Sep 24 at 10:14AM
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 Keller Williams Realty-Metropolitan
Investment Insights
Based on property information with market context.
This 3,262-square-foot triplex at 43 Broadway includes three residential units and was converted from a two-family property in 2021. Unit C offers a private primary suite with a dedicated bathroom, walk-in closet, laundry area, and mini-split system. Interior improvements include vinyl flooring and fresh paint, while the property also features a sump pump, extensive vinyl fencing, and a landscaped yard.
Each unit has its own electric meter and gas meter, supported by upgraded electrical panels. All three units are currently rented. Built in 1828, the property combines historic construction with updates made for continued residential use in Pembroke, New Hampshire.
Each unit has its own electric meter and gas meter, supported by upgraded electrical panels. All three units are currently rented. Built in 1828, the property combines historic construction with updates made for continued residential use in Pembroke, New Hampshire.
Key Highlights
- 3,262‑square‑foot triplex at 43 Broadway, Pembroke, NH 03275
- Converted from a 2‑family property to 3‑family use in 2021
- All three units are currently rented
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
$46,855
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
5.86%
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%
$937,100
$937.1K
Cap Rate 7%
$669,357
$669.4K
Cap Rate 9%
$520,611
$520.6K
Market Conditions
NOI Build-Up for 3,262 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
$70.5K $21.60/SF
− Vacancy
−$3.5K −$1.08/SF
EGI
$66.9K $20.52/SF
− OpEx
−$20.1K −$6.16/SF
NOI
$46.9K $14.36/SF
Area
Merrimack County, NH
Vacancy
5.00%
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%
$937,100
Cap Rate 7%
$669,357
Cap Rate 9%
$520,611
Alternative Uses
Best Use
Multifamily LT 5
$669.4K
$585.7K – $780.9K
NOI $46,855 @ 7.0% cap · market cap 5.86%
Second Best
Apartment 5plus
$616.8K
$539.7K – $719.6K
NOI $43,177 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$849.4K
$743.2K – $990.9K
NOI $59,455 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
202
Businesses Nearby
Explore this area
Business Placement
Demographics for 03275, NH
11,946
Population
4,739
Households
2.5
Avg Household Size
42
Median Age
25%
College-Educated
91%
High-School Grad
43.0 sq mi
ZIP Area
278
Density / Sq Mi
$84,776
Median Household Income
$43,850
Median Earnings
$1,258
Median Rent
$309,400
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?
Triplex - Three rented units with separate utilities, updated interiors, and a private primary suite in the owner-occupant unit.
Where is this triplex located?
The property is located at 43 Broadway Pembroke, NH.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 3,262‑square‑foot triplex at 43 Broadway, Pembroke, NH 03275; Converted from a 2‑family property to 3‑family use in 2021; All three units are currently rented
