Mixed-Use Property in Belmont
For Sale
$449,900
53 Concord St, Belmont, NH 03220
Residential and commercial property suitable for owner-operator or investor.
Property Size2,276 SF
Lot Size0.54 Acres
Price / SF$197.67
Days on Market190
Property Features for 53 Concord St
General Information
Standard status
Active
Size
2,276 SF
Lot size
0.54 Acres
Property subtype
Multi-Family
Building Details
Year Built
1930
Listing Agency:
White Water Realty Group LLC
Listed By:
Katie Tusi
(603) 369-0578
Source:
Lyvrealty
Added: Apr 26
Changed: Oct 25
Last Checked: Oct 7 at 3:19PM
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 White Water Realty Group LLC
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Investment Insights
Based on property information with market context.
This mixed-use property is located on a 0.54-acre lot in Belmont’s Village District. It is suited for an owner-operator looking to run a repair, service, or trade-based business on site. The property features three residential units and three commercial-grade garage bays, offering flexibility for business use, storage, or expansion. Unit 1 is a three-bedroom, one-bath apartment currently leased at $250 per week. Unit 2 is a three-bedroom, two-bath owner-occupied unit. Unit 3 is a three-bedroom, one-bath unit currently under renovation, presenting additional income potential upon completion. The garage bays are currently used by the owner and offer immediate utility for an automotive, equipment, or contractor-style operation. The property is located within walking distance to Belmont Village and close to shops, restaurants, skiing, snowmobile access, and Route 106. The town tax card lists the property as residential/single-family and commercial; the town has indicated that conversion to multi-family use is possible with a variance. The bike score is 14, indicating it is somewhat bikeable, and the walk score is 28, indicating car-dependent.
Key Highlights
- Mixed‑use property with residential units and commercial garage bays, ideal for owner‑operator.
- Three residential units, including a large owner‑occupied unit and one with renovation upside.
- Three commercial‑grade garage bays suitable for various business operations or storage.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,536
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,720
$610.7K
Cap Rate 7%
$436,229
$436.2K
Cap Rate 9%
$339,289
$339.3K
Market Conditions
NOI Build-Up for 2,276 SF
Gross rent
$57.4K $25.20/SF
− Vacancy
−$1.8K −$0.81/SF
EGI
$55.5K $24.39/SF
− OpEx
−$25.0K −$10.98/SF
NOI
$30.5K $13.42/SF
Area
Belknap County, NH
Vacancy
3.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,720
Cap Rate 7%
$436,229
Cap Rate 9%
$339,289
Alternative Uses
Best Use
Apartment 5plus
$436.2K
$381.7K – $508.9K
NOI $30,536 @ 7.0% cap · market cap 6.79%
Second Best
Mixed Use
$299.6K
$262.1K – $349.5K
NOI $20,970 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$541.2K
$473.6K – $631.5K
NOI $37,887 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
125
Businesses Nearby
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Business Placement
Demographics for 03220, NH
7,368
Population
3,562
Households
2.1
Avg Household Size
45
Median Age
19%
College-Educated
90%
High-School Grad
30.3 sq mi
ZIP Area
243
Density / Sq Mi
$78,151
Median Household Income
$41,841
Median Earnings
$1,151
Median Rent
$265,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential and commercial property suitable for owner-operator or investor.
Where is this mixed-use property located?
The property is located at 53 Concord St Belmont, NH.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Mixed‑use property with residential units and commercial garage bays, ideal for owner‑operator.; Three residential units, including a large owner‑occupied unit and one with renovation upside.; Three commercial‑grade garage bays suitable for various business operations or storage.
