Classic Multifamily in
5 Thomas Street Concord, NH 03301
5 Thomas Street, Concord, NH, 03301
$649,900
For Sale
$649,900
Well-maintained Concord multifamily with income potential near Main Street.
Property Size4,296 SF
Price / SF$151.28
Days on Market109
Property Features for 5 Thomas Street
General Information
- Standard status
- Active
- Size
- 4,296 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1870
Listing Agency
EXP Realty
(603) 557-6661
Listed by
Hvizda Realty Group
(603) 557-6661
Source
Compass
Added: Mar 30 Checked: Jul 16 at 5:57 am
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
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.
Local Financial Insights For Apartment 5plus
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 | $108.3k | $25.20 |
| − Vacancy | −$4.9k | −$1.13 |
| EGI | $103.4k | $24.07 |
| − OpEx | −$46.5k | −$10.83 |
| NOI | $56.9k | $13.24 |
4,296 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
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 Street 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.
