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    Multi-Use Four-Unit Building Title is generated by Realmo AI

    459 Lake Street, Bristol, NH 03222

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    For Sale
    $634,900

    MULTI_FAMILY - Colonial - Bristol, NH

    Property size:
    5,280 SF
    Lot size:
    0.95 Acres
    Price / SF:
    $120/SF
    Added:
    May 22, 2026
    Days on Market:
    15
    Last Refresh:
    Jun 5 at 3:06 am

    Property Features for 459 Lake Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Village Commercial
    Bedrooms
    5
    Bathrooms
    4
    Rooms
    Bathroom 1, Basement, Bedroom 5, Bedroom 2, Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 1, Bathroom 4, Bathroom 2
    Patio and Porch features
    Deck
    Exterior features
    Deck
    Appliances
    Propane Water Heater, Shared Water Heater
    Standard status
    Active
    Size
    5,280 SF
    Lot size
    0.95 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5436

    Utilities

    Utilities
    Cable Available
    Heating system
    Electric (Heating), Propane (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1986
    Floors in Building
    3
    Number of units
    4
    Flooring type
    Vinyl, Carpet
    Building materials
    Wood Frame, Clapboard Exterior, Wood Exterior
    Roof type
    Shingle
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Lorna Platts Sirois

    Listing agent Lorna Platts Sirois

    Listing office Old Mill Properties REALTORS 507 Lake Street, Bristol, NH

    Listing date May 22, 2026

    MLS# 5090605 Listing URL

    Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 4‑unit multi‑use building on Lake Street in Bristol (gateway to Newfound Lake), built in 1986 with wood frame/clapboard exterior
    • Extensive renovations completed in 2018, including refreshed kitchen/cosmetics on the 2nd‑floor 3‑bedroom apartment and new 3rd‑floor 2‑bedroom apartment
    • Main‑floor commercial space with 5 rooms: lobby/reception, 1/2 bath, and laundry hookups
    • Basement professional office with 3 private offices, common work room with built‑in stations, conference room, 1/2 bath, and kitchen area
    • 2nd floor features a 3‑bedroom apartment with palladium windows in the kitchen and living room
    • Level paved parking lot with space for 15+ cars; includes deck and central air with electric and propane heating

    Overview

    This well-maintained four-unit multi-use building combines main-floor commercial space with professional office and two residential units. The main floor includes five rooms with a lobby/reception area, a half bath, and laundry hookups. The basement level operates as a professional office with three private offices, a common work room with built-in stations, a conference room, a half bath, and a kitchen area. The second floor features a three-bedroom apartment with palladium windows in the kitchen and living room, and the third floor offers a two-bedroom apartment. Extensive renovations were completed in 2018, including cosmetic updates throughout, with kitchen work also noted as redone in that same year.

    Located at 459 Lake Street in Bristol, the property offers prominent exposure on Lake Street, positioned as the gateway to Newfound Lake. The building sits on a 0.95-acre lot, with a level, paved parking lot providing room for 15+ cars.

    For tenants and owner-occupants, the layout supports a combined live-and-work setup, with dedicated office areas on the main/basement levels and separate apartments upstairs. For buyers, the property’s mix of commercial and residential components provides multiple income streams within a single asset, supported by the documented 2018 renovations and on-site parking capacity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Auto Repair Shop Hair Salon Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Grafton
    State
    New Hampshire
    Longitude
    -71.74714489
    Latitude
    43.60085469

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    FAQs

    What type of property is this?
    Quadplex - Well-maintained mixed-use four-unit property with renovated office space, apartments, and paved parking for 15+ vehicles.
    Where is this quadplex located?
    The property is located at 459 Lake Street Bristol, NH.
    What is the asking price?
    The asking price for this property is $634,900.
    What are key features of this property?
    This property features: 4‑unit multi‑use building on Lake Street in Bristol (gateway to Newfound Lake), built in 1986 with wood frame/clapboard exterior; Extensive renovations completed in 2018, including refreshed kitchen/cosmetics on the 2nd‑floor 3‑bedroom apartment and new 3rd‑floor 2‑bedroom apartment; Main‑floor commercial space with 5 rooms: lobby/reception, 1/2 bath, and laundry hookups
    (603) 744-8526
    We can help!
    Listing Contact
    Lorna Platts Sirois
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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