Duplex With Spacious
For Sale
$399,900
545 White Mountain Highway, Milton, NH 03851
Multi-Family, Milton, NH
Property Size2,387 SF
Lot Size0.20 Acres
Price / SF$167.53
Days on Market136
Property Features for 545 White Mountain Highway
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
High Density Residential
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bedroom 3, Bedroom 4, Bathroom 2, Bedroom 2, Bedroom 5
Appliances
Electric Water Heater
Lot features
Level
Standard status
Active
Size
2,387 SF
Lot size
0.20 Acres
Utilities
Utilities
Cable Available
Heating system
Hot Water(Heating), Forced Air, Propane (Heating)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Building materials
Wood Frame, Wood Exterior
Architectural style
Other
Listing Agency:
RE/MAX Shoreline · RE/MAX International
(603) 431-1111
Listed By:
Andy Yau · License #BA922374
(603) 969-6216
Added: Apr 21
Changed: Sep 3
Last Checked: Sep 3 at 10:06PM
MLS# 5084496
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.
Investment Insights
Based on property information with market context.
This 2,387-square-foot duplex was built in 1900 and includes two residential units with separate utilities. Interior details include tray ceilings, hardwood floors, tiled bathrooms, and multiple bedrooms and bathrooms. The property uses propane heating with forced-air and hot-water systems, while public water serves the building.
Set on 0.2 acres at 545 White Mountain Highway in Milton, the property is zoned High Density Residential and offers cable availability. Its downtown setting places the building across from Milton 3 Ponds, with fishing, swimming, and boating accessible on foot. Schools, convenience stores, town hall, the seacoast, lakes, mountains, and Route 16 are described as minutes away.
Set on 0.2 acres at 545 White Mountain Highway in Milton, the property is zoned High Density Residential and offers cable availability. Its downtown setting places the building across from Milton 3 Ponds, with fishing, swimming, and boating accessible on foot. Schools, convenience stores, town hall, the seacoast, lakes, mountains, and Route 16 are described as minutes away.
Key Highlights
- 2,387 square feet on a 0.2‑acre lot
- Duplex configuration with separate utilities
- 11.8% current cap rate
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
$24,231
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
6.06%
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%
$484,620
$484.6K
Cap Rate 7%
$346,157
$346.2K
Cap Rate 9%
$269,233
$269.2K
Market Conditions
NOI Build-Up for 2,387 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
$35.8K $15.00/SF
− Vacancy
−$1.2K −$0.50/SF
EGI
$34.6K $14.50/SF
− OpEx
−$10.4K −$4.35/SF
NOI
$24.2K $10.15/SF
Area
Strafford County, NH
Vacancy
3.32%
Lease Rate
$15.00 /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%
$484,620
Cap Rate 7%
$346,157
Cap Rate 9%
$269,233
Alternative Uses
Best Use
Multifamily LT 5
$346.2K
$302.9K – $403.9K
NOI $24,231 @ 7.0% cap · market cap 6.06%
Second Best
Apartment 5plus
$319.3K
$279.4K – $372.5K
NOI $22,348 @ 7.0% cap · market cap 5.59%
Theoretical Best
Office A
$638.6K
$558.8K – $745.0K
NOI $44,702 @ 7.0% cap · market cap 11.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Explore this area
Business Placement
Demographics for 03851, NH
3,891
Population
1,785
Households
2.2
Avg Household Size
47
Median Age
17%
College-Educated
91%
High-School Grad
26.3 sq mi
ZIP Area
148
Density / Sq Mi
$98,750
Median Household Income
$49,178
Median Earnings
$1,503
Median Rent
$282,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature separate utilities, hardwood flooring, tiled bathrooms, and generous room layouts.
Where is this duplex located?
The property is located at 545 White Mountain Highway Milton, NH.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,387 square feet on a 0.2‑acre lot; Duplex configuration with separate utilities; 11.8% current cap rate
