Four-Unit Multi-Family with Mixed
For Sale
$799,900
531 Ocean Boulevard, Hampton, NH 03842
Well-maintained quadplex offering two 1-bedroom and two 2-bedroom units near the boardwalk and coastal attractions.
Property Size2,285 SF
Price / SF$251.15
Days on Market83
Property Features for 531 Ocean Boulevard
General Information
Standard status
Active
Size
2,285 SF
Property subtype
Multi Family Home
Zoning
BS
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$10,241
Building Details
Building Size
2,285 SF
Year Built
1900
Stories
2
Units
4
Listing Agency:
Carey Giampa, LLC/Rye
(603) 944-1368
Listed By:
Lauren Stone
(603) 944-1368
Source:
Threehillsres
Added: Jun 3
Changed: Aug 23
Last Checked: Aug 23 at 8:48AM
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 Carey Giampa, LLC/Rye
Investment Insights
Based on property information with market context.
531 Ocean Blvd presents a well-maintained four-unit multi-family property configured with a flexible mix of two 1-bedroom units and two 2-bedroom units. Select residences include glimpses of the Atlantic Ocean from the front, while units toward the back offer serene marsh views.
The property is positioned along Ocean Boulevard at the end of “the wall” at North Beach. It is described as within walking distance to the boardwalk, restaurants, entertainment, and seasonal attractions associated with Hampton Beach.
This quadplex format can suit investors and owner-occupants looking for straightforward unit diversity across one- and two-bedroom layouts. The stated indoor-outdoor appeal is reinforced by the described front and back views, while the existing maintenance and multi-unit design provide practical day-to-day ownership options for a small residential income property.
The property is positioned along Ocean Boulevard at the end of “the wall” at North Beach. It is described as within walking distance to the boardwalk, restaurants, entertainment, and seasonal attractions associated with Hampton Beach.
This quadplex format can suit investors and owner-occupants looking for straightforward unit diversity across one- and two-bedroom layouts. The stated indoor-outdoor appeal is reinforced by the described front and back views, while the existing maintenance and multi-unit design provide practical day-to-day ownership options for a small residential income property.
Key Highlights
- 4‑unit multi‑family property (quadplex) with a flexible unit mix of two 1‑bedroom and two 2‑bedroom units
- Well‑maintained building on Ocean Boulevard in Hampton Beach, set at the end of "the wall" at North Beach
- Year‑round rental demand supported by close walking access to the boardwalk and Hampton Beach dining, entertainment, and seasonal attractions
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,655
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,073,100
$1.1M
Cap Rate 7%
$766,500
$766.5K
Cap Rate 9%
$596,167
$596.2K
Market Conditions
NOI Build-Up for 3,185 SF
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.
Gross rent
$80.3K $25.20/SF
− Vacancy
−$3.6K −$1.13/SF
EGI
$76.7K $24.07/SF
− OpEx
−$23.0K −$7.22/SF
NOI
$53.7K $16.85/SF
Area
Rockingham County, NH
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,073,100
Cap Rate 7%
$766,500
Cap Rate 9%
$596,167
Alternative Uses
Best Use
Multifamily LT 5
$766.5K
$670.7K – $894.3K
NOI $53,655 @ 7.0% cap · market cap 6.71%
Second Best
Apartment 5plus
$690.4K
$604.1K – $805.5K
NOI $48,331 @ 7.0% cap · market cap 6.04%
Theoretical Best
Office A
$1.06M
$927.8K – $1.24M
NOI $74,226 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Explore this area
Business Placement
Demographics for 03842, NH
16,048
Population
9,978
Households
1.6
Avg Household Size
53
Median Age
43%
College-Educated
96%
High-School Grad
12.8 sq mi
ZIP Area
1,254
Density / Sq Mi
$94,433
Median Household Income
$53,533
Median Earnings
$1,679
Median Rent
$491,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained quadplex offering two 1-bedroom and two 2-bedroom units near the boardwalk and coastal attractions.
Where is this quadplex located?
The property is located at 531 Ocean Boulevard Hampton, NH.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 4‑unit multi‑family property (quadplex) with a flexible unit mix of two 1‑bedroom and two 2‑bedroom units; Well‑maintained building on Ocean Boulevard in Hampton Beach, set at the end of "the wall" at North Beach; Year‑round rental demand supported by close walking access to the boardwalk and Hampton Beach dining, entertainment, and seasonal attractions
