Duplex with Separate
For Sale
$1,099,800
545 & 547 White Mountain Highway, Milton, NH 03851
Two-unit income property with split utilities and easy-maintenance finishes, currently described with an 11.8% cap rate.
Property Size5,237 SF
Price / SF$210.01
Days on Market143
Property Features for 545 & 547 White Mountain Highway
General Information
Standard status
Active
Size
5,237 SF
Property subtype
Multi-Family
Zoning
High Density Residential
Additional Details
Cap Rate
11.8%
Multifamily Units
2
Building Details
Year Built
1900
Stories
2
Listing Agency:
RE/MAX Shoreline
(603) 431-1111
Listed By:
Andy Yau · License #074320
(603) 969-6216
Source:
Churchillprop
Added: Jun 10
Changed: Oct 25
Last Checked: Oct 28 at 5:37AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$53,163
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,063,260
$1.1M
Cap Rate 7%
$759,471
$759.5K
Cap Rate 9%
$590,700
$590.7K
Market Conditions
NOI Build-Up for 5,237 SF
Gross rent
$78.6K $15.00/SF
− Vacancy
−$2.6K −$0.50/SF
EGI
$75.9K $14.50/SF
− OpEx
−$22.8K −$4.35/SF
NOI
$53.2K $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 Rate 5%
$1,063,260
Cap Rate 7%
$759,471
Cap Rate 9%
$590,700
Alternative Uses
Best Use
Multifamily LT 5
$759.5K
$664.5K – $886.1K
NOI $53,163 @ 7.0% cap · market cap 4.83%
Second Best
Apartment 5plus
$700.4K
$612.9K – $817.2K
NOI $49,031 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,074 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Northeast region
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 & 547 White Mountain Highway Milton, NH.
What is the asking price?
The asking price for this property is $1,099,800.
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
