Updated Apartment
For Sale
$1,275,000
545 & 547 White Mountain Highway, Milton, NH 03851
Multi-Family, Milton, NH
Property Size5,237 SF
Lot Size0.20 Acres
Price / SF$243.46
Days on Market193
Property Features for 545 & 547 White Mountain Highway
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
High Density Residential
Bedrooms
11
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 10, Bathroom 2, Bathroom 4, Bathroom 1, Bedroom 9, Bedroom 5, Bedroom 8, Bedroom 11, Bedroom 4, Bedroom 7, Bathroom 5, Bathroom 6, Bedroom 6, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
Standard status
Active
Size
5,237 SF
Lot size
0.20 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
unspecified utilities
Utilities
Utilities
Cable Available
Heating system
Forced Air, Propane (Heating), Hot Water(Heating)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
6
Building materials
Wood Frame, Wood Exterior
Architectural style
Other
Listing Agency:
RE/MAX Shoreline · RE/MAX International
Listed By:
Andy Yau · License #074320
(603) 431-1111
Added: Apr 23
Changed: Oct 30
Last Checked: Nov 1 at 12:06PM
MLS# 5085057
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.
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Investment Insights
Based on property information with market context.
This 5,237-square-foot apartment building sits on a 0.2-acre parcel and dates to 1900. Improvements include a rubber membrane roof, newer windows, and two new heating systems. Interior features noted across the property include luxury vinyl flooring, stainless steel appliances, hardwood floors, tray ceilings, and tiled bathrooms. In-unit washer and dryer hookups are also present, and utilities are separately metered. The property is zoned High Density Residential and is offered individually or as part of a package.
The building is in downtown Milton, across from Milton 3 Ponds. Schools, convenience stores, town hall, Route 16, the seacoast, lakes, and mountains are identified as nearby destinations.
The building is in downtown Milton, across from Milton 3 Ponds. Schools, convenience stores, town hall, Route 16, the seacoast, lakes, and mountains are identified as nearby destinations.
Key Highlights
- 5,237 square feet on a 0.2‑acre parcel
- High Density Residential zoning
- Rubber membrane roof, newer windows, and two new heating systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,031
Cap Rate
3.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$980,620
$980.6K
Cap Rate 7%
$700,443
$700.4K
Cap Rate 9%
$544,789
$544.8K
Market Conditions
NOI Build-Up for 5,237 SF
Gross rent
$92.4K $17.64/SF
− Vacancy
−$3.2K −$0.62/SF
EGI
$89.1K $17.02/SF
− OpEx
−$40.1K −$7.66/SF
NOI
$49.0K $9.36/SF
Area
Strafford County, NH
Vacancy
3.50%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$980,620
Cap Rate 7%
$700,443
Cap Rate 9%
$544,789
Alternative Uses
Best Use
Apartment 5plus
$700.4K
$612.9K – $817.2K
NOI $49,031 @ 7.0% cap · market cap 3.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,074 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Separate utilities and refreshed interiors support a straightforward multifamily configuration.
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 $1,275,000.
What are key features of this property?
This property features: 5,237 square feet on a 0.2‑acre parcel; High Density Residential zoning; Rubber membrane roof, newer windows, and two new heating systems
