Two-Unit Waterfront
48A Kingsbury Drive Unit A & B Milton, NH 03851
48A Kingsbury Drive Unit A & B, Milton, NH, 03851
$415,000
For Sale
$415,000
Two camps on the Milton Three Ponds provide direct lake access and two-bedroom, one-bath accommodations in each unit.
Property Size1,836 SF
Price / SF$226.03
Days on Market75
Property Features for 48A Kingsbury Drive Unit A & B
General Information
- Standard status
- Active
- Size
- 1,836 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1950
Listing agency
KW Coastal and Lakes & Mountains Realty/Rochester
(603) 610-8560
Listed by
The Zoeller Group
(603) 610-8560
Source
Compass
Added: May 8 Updated: Jul 21 at 4:30AM Checked: Jul 21 at 4:30AM
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 KW Coastal and Lakes & Mountains Realty/Rochester
Investment Insights
Based on property information with market context.
This two-unit waterfront property includes two separate camps on the shores of the Milton Three Ponds lake system. Unit A is a 1.5-story camp with 2 bedrooms and 1 bathroom, and Unit B is a one-story camp with 2 bedrooms and 1 bathroom. The two units offer a flexible setup for an extended-family compound or a seasonal rental arrangement.
Located on the Milton Three Ponds in Milton, New Hampshire, the property is positioned for direct access to boating, swimming, fishing, water skiing, and ice skating, with snowmobiling available in winter months.
Showings are scheduled to begin at the open house on Saturday, May 9th from 11:00am to 2:00pm.
Located on the Milton Three Ponds in Milton, New Hampshire, the property is positioned for direct access to boating, swimming, fishing, water skiing, and ice skating, with snowmobiling available in winter months.
Showings are scheduled to begin at the open house on Saturday, May 9th from 11:00am to 2:00pm.
Key Highlights
- Two waterfront camps on Milton Three Ponds with direct lake access
- Unit A: 1.5‑story camp with 1,089 SF, 2 bedrooms and 1 bathroom
- Unit B: 1‑story camp with 747 SF, 2 bedrooms and 1 bathroom
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 | $27.5k | $15.00 |
| − Vacancy | −$914 | −$0.50 |
| EGI | $26.6k | $14.50 |
| − OpEx | −$8.0k | −$4.35 |
| NOI | $18.6k | $10.15 |
1,836 SF · lease $15.00/SF/yr · vacancy 3.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$266.3K
$233.0K – $310.6K
NOI $18,638 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$245.6K
$214.9K – $286.5K
NOI $17,189 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$491.2K
$429.8K – $573.1K
NOI $34,383 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two camps on the Milton Three Ponds provide direct lake access and two-bedroom, one-bath accommodations in each unit.
Where is this duplex located?
The property is located at 48A Kingsbury Drive Unit A & B Milton, NH.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Two waterfront camps on Milton Three Ponds with direct lake access; Unit A: 1.5‑story camp with 1,089 SF, 2 bedrooms and 1 bathroom; Unit B: 1‑story camp with 747 SF, 2 bedrooms and 1 bathroom
