Three-Unit Value-Add
44 Bridge Street Hillsborough, NH 03244
44 Bridge Street, Hillsborough, NH, 03244
$440,000
For Sale
$440,000
Three-unit multifamily with two tenant-occupied units and one unit rebuilt to the studs for renovation.
Property Size2,690 SF
Price / SF$163.57
Days on Market9
Property Features for 44 Bridge Street
General Information
- Standard status
- Active
- Size
- 2,690 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1884
Listing agency
AmeraBay
Listed by
Cameron Landry
(617) 510-4783
Source
Lakesregionrealestate
Added: Jul 14 Updated: Jul 21 at 7:01PM Checked: Jul 22 at 6:59AM
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 AmeraBay
Investment Insights
Based on property information with market context.
This three-unit multifamily property offers a mix of updated living spaces and a renovation opportunity. Improvements already completed include a roof that is about 1 year old, updated plumbing, fresh paint, brand-new flooring, and a newly updated kitchen in one unit. The building includes a spacious 3-bedroom, 1-bath unit and a 3-bedroom, 2-bath unit, and the third unit has been taken completely down to the studs, ready for the next owner to customize and finish.
Two of the units are currently tenant-occupied, providing potential day-one rental income. The property is located at 44 Bridge Street in Hillsborough, NH, and is described as being close to Downtown Hillsborough.
With the combination of existing updates and a fully open third unit, the property is well suited for buyers looking to complete renovations and tailor finishes to their preferences.
Two of the units are currently tenant-occupied, providing potential day-one rental income. The property is located at 44 Bridge Street in Hillsborough, NH, and is described as being close to Downtown Hillsborough.
With the combination of existing updates and a fully open third unit, the property is well suited for buyers looking to complete renovations and tailor finishes to their preferences.
Key Highlights
- 1884‑built 3‑unit multifamily with two units currently tenant‑occupied for day‑one rental income
- Value‑add layout includes a 3‑bedroom, 1‑bath unit and a 3‑bedroom, 2‑bath unit
- Third unit has been taken down to the studs, ready for renovation and customization
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.7k | $22.20 |
| − Vacancy | −$3.3k | −$1.22 |
| EGI | $56.4k | $20.98 |
| − OpEx | −$16.9k | −$6.29 |
| NOI | $39.5k | $14.69 |
2,690 SF · lease $22.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$564.3K
$493.8K – $658.4K
NOI $39,503 @ 7.0% cap · market cap 8.98%
Second Best
Apartment 5plus
$522.9K
$457.5K – $610.0K
NOI $36,600 @ 7.0% cap · market cap 8.32%
Theoretical Best
Specialty Retail
$4.93M
$4.31M – $5.75M
NOI $344,993 @ 7.0% cap · market cap 78.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Three-unit multifamily with two tenant-occupied units and one unit rebuilt to the studs for renovation.
Where is this triplex located?
The property is located at 44 Bridge Street Hillsborough, NH.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 1884‑built 3‑unit multifamily with two units currently tenant‑occupied for day‑one rental income; Value‑add layout includes a 3‑bedroom, 1‑bath unit and a 3‑bedroom, 2‑bath unit; Third unit has been taken down to the studs, ready for renovation and customization
