Duplex with Separate
545 White Mountain Highway Milton, NH 03851
For Sale
$425,000
Two-unit income property with split utilities and easy-maintenance finishes, currently described with an 11.8% cap rate.
Property Size2,387 SF
Price / SF$178.05
Days on Market133
Property Features for 545 White Mountain Highway
General Information
Standard status
Active
Size
2,387 SF
Property subtype
Multi-family
Building Details
Year Built
1900
Listing Agency:
RE/MAX Shoreline
Listed By:
Andy Yau
(603) 763-4932
Source:
Harborlightrealty
Added: Mar 19
Changed: Jul 10
Last Checked: Jul 28 at 11:36PM
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 RE/MAX Shoreline
Investment Insights
Based on property information with market context.
This duplex offers two separate units with interior finishes highlighted in the listing, including tray ceilings, hardwood floors, and tiled bathrooms. The property is positioned as having easy maintenance, with separate utilities for each unit intended to help control operating costs. The units are described as small in count but designed with spacious, room-filled layouts.
Located in downtown Milton at 545 White Mountain Highway, the property is described as across from Milton 3 Ponds and within walking distance of fishing, swimming, and boating. The listing also notes convenient proximity to schools, convenience stores, town hall, and the seacoast, along with nearby lakes and mountains. Route 16 is identified as being minutes away, alongside other local amenities.
For buyers seeking a residential income duplex, the combination of two self-contained units and separate utilities can support day-to-day management and tenant turnover. The listing also states the property can be purchased as part of a package with 547 White Mountain Highway. The current posting cites a 11.8% cap rate, and it indicates that delayed, scheduled private showings begin on Friday.
Located in downtown Milton at 545 White Mountain Highway, the property is described as across from Milton 3 Ponds and within walking distance of fishing, swimming, and boating. The listing also notes convenient proximity to schools, convenience stores, town hall, and the seacoast, along with nearby lakes and mountains. Route 16 is identified as being minutes away, alongside other local amenities.
For buyers seeking a residential income duplex, the combination of two self-contained units and separate utilities can support day-to-day management and tenant turnover. The listing also states the property can be purchased as part of a package with 547 White Mountain Highway. The current posting cites a 11.8% cap rate, and it indicates that delayed, scheduled private showings begin on Friday.
Key Highlights
- Duplex built in 1900 offering two income units with current cap rate of 11.8%
- Split utilities for each unit, described as allowing for lower expenses via separate utilities
- Units feature hardwood floors and tiled bathrooms, plus tray ceilings
Financial Insights For Multifamily LT 5
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 | $35.8k | $15.00 |
| − Vacancy | −$1.2k | −$0.50 |
| EGI | $34.6k | $14.50 |
| − OpEx | −$10.4k | −$4.35 |
| NOI | $24.2k | $10.15 |
2,387 SF · lease $15.00/SF/yr · vacancy 3.32% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$346.2K
$302.9K – $403.9K
NOI $24,231 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$319.3K
$279.4K – $372.5K
NOI $22,348 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office A
$638.6K
$558.8K – $745.0K
NOI $44,702 @ 7.0% cap · market cap 10.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit income property with split utilities and easy-maintenance finishes, currently described with an 11.8% cap rate.
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 $425,000.
What are key features of this property?
This property features: Duplex built in 1900 offering two income units with current cap rate of 11.8%; Split utilities for each unit, described as allowing for lower expenses via separate utilities; Units feature hardwood floors and tiled bathrooms, plus tray ceilings
