Renovated Multifamily Apartment
545 & 547 White Mountain Highway Milton, NH 03851
545 & 547 White Mountain Highway, Milton, NH, 03851
$1,149,900
For Sale
$1,149,900
Renovated apartment building with updated roofs, newer windows, two new heating systems, and unit upgrades including in-unit washer/dryer hookups.
Property Size5,237 SF
Price / SF$219.57
Days on Market131
Property Features for 545 & 547 White Mountain Highway
General Information
- Standard status
- Active
- Size
- 5,237 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1900
Listing Agency
RE/MAX Shoreline
Listed by
Andy Yau
(802) 422-3600
Source
Killingtonpicorealty
Added: Mar 10 Checked: Jul 17 at 3:00 am
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 multifamily apartment building includes two addresses at 545 & 547 White Mountain Highway and has undergone renovations throughout. Improvements noted include a new rubber membrane roof, newer windows, and the installation of two new heating systems. Unit updates described in the offering include luxury vinyl flooring, new paint, brand-new stainless steel appliances, and in-unit washer and dryers with hookups.
The property is described as being conveniently located in downtown Milton, across from Milton 3 Ponds. The remarks also state it is situated minutes from schools, convenience stores, town hall, the seacoast, lakes, mountains, and Route 16.
Additional operational details included in the remarks note separate utilities and easy maintenance, which may support lower operating expenses.
The property is described as being conveniently located in downtown Milton, across from Milton 3 Ponds. The remarks also state it is situated minutes from schools, convenience stores, town hall, the seacoast, lakes, mountains, and Route 16.
Additional operational details included in the remarks note separate utilities and easy maintenance, which may support lower operating expenses.
Key Highlights
- Renovated apartment building (built 1900) with new rubber membrane roof and unit updates throughout
- Newer windows and installation of two new heating systems to support energy efficiency
- Unit upgrades include new luxury vinyl flooring, updated paint, and brand‑new stainless steel appliances
Local Financial Insights For Apartment 5plus
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 | $92.4k | $17.64 |
| − Vacancy | −$3.2k | −$0.62 |
| EGI | $89.1k | $17.02 |
| − OpEx | −$40.1k | −$7.66 |
| NOI | $49.0k | $9.36 |
5,237 SF · lease $17.64/SF/yr · vacancy 3.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$700.4K
$612.9K – $817.2K
NOI $49,031 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,074 @ 7.0% cap · market cap 8.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Renovated apartment building with updated roofs, newer windows, two new heating systems, and unit upgrades including in-unit washer/dryer hookups.
Where is this apartment building 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 $1,149,900.
What are key features of this property?
This property features: Renovated apartment building (built 1900) with new rubber membrane roof and unit updates throughout; Newer windows and installation of two new heating systems to support energy efficiency; Unit upgrades include new luxury vinyl flooring, updated paint, and brand‑new stainless steel appliances
