Quadplex with Separate
For Sale
$699,900
547 White Mountain Highway, Milton, NH 03851
Renovated quadplex with updated roof, windows, heating systems, and in-unit washer/dryer hookups for well-maintained residential income.
Property Size2,850 SF
Price / SF$245.58
Days on Market132
Property Features for 547 White Mountain Highway
General Information
Standard status
Active
Size
2,850 SF
Property subtype
Multi-Family
Zoning
High Density Residential
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 21
Changed: Oct 26
Last Checked: Oct 28 at 6:28AM
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 quadplex offers four residential units with a renovation program that includes a new rubber membrane roof and unit updates throughout. Improvements also include newer windows and the installation of two new heating systems, supporting energy-efficiency upgrades. Inside, units feature refreshed finishes such as contemporary paint, updated flooring including luxury vinyl and pine hardwood details, and tiled bathrooms. The kitchens are updated with stainless steel appliances, and each unit includes an in-unit washer and dryer hookup.
The property is located in downtown Milton, across from Milton 3 Ponds. The surrounding area offers access to recreational activities such as fishing, swimming, and boating within walking distance, along with proximity to schools, convenience stores, town hall, and the seacoast, lakes, and mountains. It is also described as minutes from Route 16 and other local amenities.
From an ownership standpoint, the listing highlights easy maintenance and separate utilities, which may help simplify expense management. The property is also noted as being available as part of a package purchase with the adjacent property. For perspective, the remarks state a current cap rate of 9.62%. Delayed, scheduled private showings begin on Friday between 4:00 and 6:00 PM.
The property is located in downtown Milton, across from Milton 3 Ponds. The surrounding area offers access to recreational activities such as fishing, swimming, and boating within walking distance, along with proximity to schools, convenience stores, town hall, and the seacoast, lakes, and mountains. It is also described as minutes from Route 16 and other local amenities.
From an ownership standpoint, the listing highlights easy maintenance and separate utilities, which may help simplify expense management. The property is also noted as being available as part of a package purchase with the adjacent property. For perspective, the remarks state a current cap rate of 9.62%. Delayed, scheduled private showings begin on Friday between 4:00 and 6:00 PM.
Key Highlights
- Quadplex built in 1900 with renovations including a new rubber membrane roof
- Unit updates include newer windows and two new heating systems
- In‑unit washer and dryer hookups and brand‑new stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,931
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$578,620
$578.6K
Cap Rate 7%
$413,300
$413.3K
Cap Rate 9%
$321,456
$321.5K
Market Conditions
NOI Build-Up for 2,850 SF
Gross rent
$42.8K $15.00/SF
− Vacancy
−$1.4K −$0.50/SF
EGI
$41.3K $14.50/SF
− OpEx
−$12.4K −$4.35/SF
NOI
$28.9K $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%
$578,620
Cap Rate 7%
$413,300
Cap Rate 9%
$321,456
Alternative Uses
Best Use
Multifamily LT 5
$413.3K
$361.6K – $482.2K
NOI $28,931 @ 7.0% cap · market cap 4.13%
Second Best
Apartment 5plus
$381.2K
$333.5K – $444.7K
NOI $26,683 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$762.5K
$667.2K – $889.6K
NOI $53,373 @ 7.0% cap · market cap 7.63%
Zoning and permitted uses should be independently verified with authorities.
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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?
Quadplex - Renovated quadplex with updated roof, windows, heating systems, and in-unit washer/dryer hookups for well-maintained residential income.
Where is this quadplex located?
The property is located at 547 White Mountain Highway Milton, NH.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Quadplex built in 1900 with renovations including a new rubber membrane roof; Unit updates include newer windows and two new heating systems; In‑unit washer and dryer hookups and brand‑new stainless steel appliances
