Turnkey Short-Term Rental
For Sale
$699,000
459 Main Street, Rumney, NH 03266
Completely renovated New England antique with five suites, six bathrooms, and an oversized porch on 0.76 acres.
Property Size3,201 SF
Lot Size0.76 Acres
Price / SF$218.37
Days on Market171
Property Features for 459 Main Street
General Information
Standard status
Active
Size
3,201 SF
Lot size
0.76 Acres
Property subtype
Commercial
Amenities
wide-plank hardwood floors
exposed beams
oversized porch
1st Floor 1/2 Bathroom
1st Floor 3/4 Bathroom
1st Floor Full Bathroom
1st Floor Hrd Surfce Flr
Access to Common Areas
Access to Parking
Access to Restroom(s)
Bathroom w/Step-in Shower
Bathroom w/Tub
Hard Surface Flooring
Paved Parking
1st Floor Laundry
Building Details
Year Built
1880
Year Renovated
2023
Construction
New England Antique
Listing Agency:
LAER Realty Partners - Belmont
Listed By:
Diana Paquette
(802) 422-3600
Source:
Killingtonpicorealty
Added: Feb 20
Changed: Jul 26
Last Checked: Aug 10 at 4:01AM
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 LAER Realty Partners - Belmont
Investment Insights
Based on property information with market context.
Turnkey short-term rental home featuring an 1880 New England antique that has been completely renovated in 2022–2023. The property offers five bedrooms and six bathrooms, configured into five suites to accommodate larger groups. Interior features include wide-plank hardwood floors, exposed beams, and an oversized porch, supporting an authentic historic look with updated finishes throughout.
The home is situated at 459 Main Street in Rumney Village. Set on 0.76 acres and totaling 3,201 square feet, the layout is designed for comfortable guest stays and group use, with multiple private bath options across the suites.
A rent roll and financials are available upon request, supporting buyers evaluating the property as an income-producing STR investment.
The home is situated at 459 Main Street in Rumney Village. Set on 0.76 acres and totaling 3,201 square feet, the layout is designed for comfortable guest stays and group use, with multiple private bath options across the suites.
A rent roll and financials are available upon request, supporting buyers evaluating the property as an income-producing STR investment.
Key Highlights
- Built in 1880; completely renovated in 2022–2023 New England antique property with historic character and modern upgrades.
- 3,201 sq ft home on 0.76 acres in the heart of Rumney Village.
- 5‑bedroom setup with 5 suites and 6 bathrooms, designed to accommodate large groups.
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
$29,102
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
4.16%
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%
$582,040
$582.0K
Cap Rate 7%
$415,743
$415.7K
Cap Rate 9%
$323,356
$323.4K
Market Conditions
NOI Build-Up for 3,201 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
$55.7K $17.40/SF
− Vacancy
−$2.8K −$0.87/SF
EGI
$52.9K $16.53/SF
− OpEx
−$23.8K −$7.44/SF
NOI
$29.1K $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%
$582,040
Cap Rate 7%
$415,743
Cap Rate 9%
$323,356
Alternative Uses
Best Use
Apartment 5plus
$415.7K
$363.8K – $485.0K
NOI $29,102 @ 7.0% cap · market cap 4.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$704.1K
$616.1K – $821.5K
NOI $49,289 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Explore this area
Business Placement
Demographics for 03266, NH
2,098
Population
1,262
Households
1.7
Avg Household Size
52
Median Age
37%
College-Educated
93%
High-School Grad
110.4 sq mi
ZIP Area
19
Density / Sq Mi
$66,964
Median Household Income
$36,804
Median Earnings
$972
Median Rent
$264,000
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?
Short term rental property - Completely renovated New England antique with five suites, six bathrooms, and an oversized porch on 0.76 acres.
Where is this short term rental property located?
The property is located at 459 Main Street Rumney, NH.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Built in 1880; completely renovated in 2022–2023 New England antique property with historic character and modern upgrades.; 3,201 sq ft home on 0.76 acres in the heart of Rumney Village.; 5‑bedroom setup with 5 suites and 6 bathrooms, designed to accommodate large groups.
