Classic Multifamily in
For Sale
$649,900
5 Thomas St, Concord, NH 03301
Well-maintained Concord multifamily with income potential near Main Street.
Property Size4,296 SF
Price / SF$151.28
Days on Market202
Property Features for 5 Thomas St
General Information
Standard status
Active
Size
4,296 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$13,114
Listing Agency:
EXP Realty
(888) 398-7062
Listed By:
Hvizda Realty Group
(603) 557-6661
Source:
Exprealty
Added: Mar 30
Changed: Oct 7
Last Checked: Oct 16 at 10:28AM
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 EXP Realty
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Investment Insights
Based on property information with market context.
This well-maintained multifamily property in Concord presents an opportunity for investors or owner-occupants. The property features timeless character, including large windows, hardwood floors, and tall ceilings. The building contains a total of 8 bedrooms and 4 bathrooms across three units, offering flexibility and income potential. Each unit includes its own laundry. Ample off-street parking is available for tenants and guests. The property is located moments from Concord’s Main Street, providing access to shops, dining, and local amenities. Major highways are nearby.
Key Highlights
- Strong Income Potential: Three units with 8 bedrooms and 4 bathrooms provide excellent flexibility.
- Prime Location: Moments from Concord’s Main Street, offering easy access to shops, dining, and local amenities.
- Convenient Commuting: Close proximity to major highways.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,863
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,137,260
$1.1M
Cap Rate 7%
$812,329
$812.3K
Cap Rate 9%
$631,811
$631.8K
Market Conditions
NOI Build-Up for 4,296 SF
Gross rent
$108.3K $25.20/SF
− Vacancy
−$4.9K −$1.13/SF
EGI
$103.4K $24.07/SF
− OpEx
−$46.5K −$10.83/SF
NOI
$56.9K $13.24/SF
Area
Merrimack County, NH
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,137,260
Cap Rate 7%
$812,329
Cap Rate 9%
$631,811
Alternative Uses
Best Use
Multifamily LT 5
$881.5K
$771.4K – $1.03M
NOI $61,708 @ 7.0% cap · market cap 9.49%
Second Best
Apartment 5plus
$812.3K
$710.8K – $947.7K
NOI $56,863 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$1.12M
$978.8K – $1.31M
NOI $78,301 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
Explore this area
Business Placement
Demographics for 03301, NH
33,352
Population
14,486
Households
2.3
Avg Household Size
43
Median Age
42%
College-Educated
92%
High-School Grad
49.2 sq mi
ZIP Area
678
Density / Sq Mi
$85,943
Median Household Income
$49,749
Median Earnings
$1,355
Median Rent
$344,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Well-maintained Concord multifamily with income potential near Main Street.
Where is this triplex located?
The property is located at 5 Thomas St Concord, NH.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Strong Income Potential: Three units with 8 bedrooms and 4 bathrooms provide excellent flexibility.; Prime Location: Moments from Concord’s Main Street, offering easy access to shops, dining, and local amenities.; Convenient Commuting: Close proximity to major highways.
