Four-Unit Mixed-Use
459 Lake Street Bristol, NH 03222
459 Lake Street, Bristol, NH, 03222
$599,900
For Sale
$599,900
MULTI_FAMILY - Colonial - Bristol, NH
Property Size5,280 SF
Lot Size0.95 Acres
Price / SF$113.62
Days on Market60
Property Features for 459 Lake Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Village Commercial
- Bedrooms
- 5
- Bathrooms
- 4
- Rooms
- Bedroom 5, Bedroom 3, Bathroom 2, Bathroom 4, Bedroom 4, Basement, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 1
- 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
Listing Agency
Old Mill Properties REALTORS
(603) 744-8526
507 Lake Street, Bristol, NH
Listed by
Lorna Platts Sirois
(603) 744-8526
Added: May 22 Checked: Jul 20 at 11:06 am
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.
Investment Insights
Based on property information with market context.
This well-maintained four-unit multi-use building is divided into commercial and residential spaces, with extensive renovations completed in 2018. The main floor commercial space features five rooms, including a lobby/reception area, a 1/2 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, and additional 1/2 bath and kitchen area. Residential components include a 3-bedroom apartment on the second floor and a 2-bedroom apartment on the third floor, with all cosmetics and kitchen areas redone in 2018.
The property has paved, level parking with room for 15+ cars. It is located on Lake Street in Bristol, described as the gateway to Newfound Lake.
The layout provides separate commercial and office areas at ground and basement levels, along with two residential units above, supporting multiple income streams within one building.
The property has paved, level parking with room for 15+ cars. It is located on Lake Street in Bristol, described as the gateway to Newfound Lake.
The layout provides separate commercial and office areas at ground and basement levels, along with two residential units above, supporting multiple income streams within one building.
Key Highlights
- 4‑unit multi‑use building with main floor commercial space plus two apartment units and a basement office level
- Extensive renovations completed in 2018, including redone cosmetics and kitchen for the 3‑bedroom and 2‑bedroom units
- Main floor commercial space includes a lobby/reception area, 1/2 bath, laundry hookups, and 5 total rooms
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 | $79.2k | $15.00 |
| − Vacancy | −$4.4k | −$0.83 |
| EGI | $74.8k | $14.17 |
| − OpEx | −$22.5k | −$4.25 |
| NOI | $52.4k | $9.92 |
5,280 SF · lease $15.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$912.3K
$798.3K – $1.06M
NOI $63,860 @ 7.0% cap · market cap 10.65%
Second Best
Multifamily LT 5
$748.4K
$654.9K – $873.2K
NOI $52,391 @ 7.0% cap · market cap 8.73%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,301 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit mixed-use property includes a main-floor commercial space and two residential apartments, with 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 $599,900.
What are key features of this property?
This property features: 4‑unit multi‑use building with main floor commercial space plus two apartment units and a basement office level; Extensive renovations completed in 2018, including redone cosmetics and kitchen for the 3‑bedroom and 2‑bedroom units; Main floor commercial space includes a lobby/reception area, 1/2 bath, laundry hookups, and 5 total rooms
