Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Three-Unit Residential Income Building Title is generated by Realmo AI

    518 Burgess Street, Berlin, NH 03570

    View on Map
    Claim this Listing
    For Sale
    $179,000

    MULTI_FAMILY - Other - Berlin, NH

    Property size:
    2,252 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $79/SF
    Added:
    May 2, 2026
    Days on Market:
    36
    Last Refresh:
    Jun 6 at 12:06 am

    Property Features for 518 Burgess Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RG
    Bedrooms
    6
    Bathrooms
    3
    Rooms
    Basement, Bedroom 5, Bathroom 3, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 4, Bedroom 1, Bedroom 6
    Standard status
    Active
    Size
    2,252 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4408

    Utilities

    Utilities
    Cable Available
    Heating system
    Oil
    Water source
    Public

    Building Details

    Year built
    1925
    Floors in Building
    3
    Number of units
    3
    Building materials
    Wood Frame
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Jeffrey Gagnon

    Listing agent Jeffrey Gagnon

    Listing office Badger Peabody & Smith Realty 603 Main Street, Franconia, NH

    Listing date May 2, 2026

    MLS# 5086694 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.

    HighLights

    • 3‑unit multi‑family building built in 1925 with wood frame construction
    • Full basement provides additional usable space
    • Newer oil furnace is approximately 6 years old
    • Units 1 and 2 are currently rented; Unit 3 would require a second means of egress to rent
    • Public water supply and cable available
    • As‑is sale

    Overview

    This three-unit residential income building offers a straightforward investment or owner-occupant setup. The property includes a newer oil furnace estimated at about six years old and a full basement. Units 1 and 2 are currently rented, while Unit 3 would require a second means of egress before it can be leased. The building is being sold as-is, with condition and remaining items for Unit 3 to be addressed by the buyer.

    The property is located in Berlin, NH, and is described as being in close proximity to ATV/snowmachine trails and public parks. It is also positioned near Sinibaldi’s restaurant and minutes from downtown, providing convenient access to local amenities.

    For buyers seeking a small, manageable multifamily structure, this triplex presents an opportunity to continue collecting rent from the two existing leased units while evaluating improvements related to Unit 3’s required egress. With zoning listed as RG, it may fit residential income objectives for appropriate buyers and investors. Prospective purchasers should plan to review the as-is condition and any work needed to bring Unit 3 into rentable compliance.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Accounting Firm Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Berlin
    County
    Coos
    State
    New Hampshire
    Longitude
    -71.1747181
    Latitude
    44.466956

    Nearby Similar for Sale

    • $299,900
      2,772 SF

      Restaurant Space with Living Quarters

      Former restaurant with existing kitchen equipment and lower-level living quarters with walk-out access.
      206 Main Street, Berlin, NH 03570
      View Details
    • $320,000
      4,201 SF

      Four-Unit Residential Income Property

      Four fully tenanted units with multiple parking options and separate hot water heaters.
      758 Glen Avenue, Berlin, NH 03570
      View Details
    • $145,000
      1,463 SF

      Two-Unit Duplex with Yard

      Well-configured two-unit home with off-street parking, yard space, and a porch, suited to owner-occupants or investors.
      424 Forbush Avenue, Berlin, NH 03570
      View Details
    • $179,000
      4,000 SF

      Three-Unit Residential Income Property

      Three-unit building on a 0.23-acre parcel, offering views and flexible living options with rental income support.
      457 Hillsboro Street, Berlin, NH 03570
      View Details
    • $214,500
      2,680 SF

      Two-Unit Income Duplex

      Two-bedroom units with off-street parking, storage, and basement space suited for owner-occupants or rental investors.
      768 Third Avenue, Berlin, NH 03570
      View Details
    • $249,900
      4,102 SF

      Industrial-Zoned Multi-Family Property

      Industrial-zoned triplex-style setup with oversized-door garage space and two studios plus a 3-bedroom apartment.
      511 Goebel Street, Berlin, NH 03570
      View Details
    • $214,900
      3,036 SF

      Three-Unit Residential Income Building

      Three-unit multifamily property offered as-is, with one unit currently vacant, suited for owner-occupancy or investment ownership.
      25 Wight Street, Berlin, NH 03570
      View Details
    • $189,000
      2,349 SF

      Three-Unit Apartment Building

      Corner-lot three-unit building with off-street parking, two egress routes, and one vacant unit for owner flexibility.
      322 High Street, Berlin, NH 03570
      View Details
    • $160,000
      2,016 SF

      Two-Unit Residential Income Property

      Two-family home on a sizable corner lot with frontage on two streets, offering two separate units and off-street parking.
      116 Sessions Street, Berlin, NH 03570
      View Details
    • $184,000
      1,748 SF

      Two-Unit Multifamily Duplex

      Two-unit duplex in Berlin with separate utilities, walkout basement storage, and updates completed within the last two years.
      305 coos Street, Berlin, NH 03570
      View Details
    • $129,900
      1,664 SF

      Two-Unit Duplex With Enclosed Porches

      Duplex property with a 2-car garage, refinished lower unit, and flexible upper layout for owner-occupancy or rental income.
      866 5Th Avenue, Berlin, NH 03570
      View Details
    • $134,900
      1,844 SF

      Two-Family Building with Trail Access

      Two rental units with long-term tenants, conveniently located with direct ATV and snowmachine trail access.
      520 Champlain Street, Berlin, NH 03570
      View Details

    FAQs

    What type of property is this?
    Triplex - Three-unit income building with newer oil furnace and full basement, with two units currently rented and sold as-is.
    Where is this triplex located?
    The property is located at 518 Burgess Street Berlin, NH.
    What is the asking price?
    The asking price for this property is $179,000.
    What are key features of this property?
    This property features: 3‑unit multi‑family building built in 1925 with wood frame construction; Full basement provides additional usable space; Newer oil furnace is approximately 6 years old
    (603) 444-1294
    We can help!
    Listing Contact
    Jeffrey Gagnon
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    518 Burgess Street, Berlin, NH 03570
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!