Quadplex with Updated Roofing and
For Sale
$699,900
547 White Mountain Highway, Milton, NH 03851
MULTI_FAMILY - Other - Milton, NH
Property Size2,850 SF
Lot Size0.20 Acres
Price / SF$245.58
Days on Market110
Property Features for 547 White Mountain Highway
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
High Density Residential
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bathroom 4, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Standard status
Active
Size
2,850 SF
Lot size
0.20 Acres
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
4
Building materials
Wood Frame, Wood Exterior
Architectural style
Other
Listing Agency:
RE/MAX Shoreline · RE/MAX International
(603) 431-1111
Listed By:
Andy Yau · License #074320
(603) 431-1111
Added: Apr 21
Changed: Aug 2
Last Checked: Aug 8 at 11:06AM
MLS# 5084495
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.
Investment Insights
Based on property information with market context.
This quadplex on a 0.2-acre lot was built in 1900 and features wood frame construction with wood exterior. Renovations include a new rubber membrane roof and unit updates designed for easier day-to-day operation, with separate utilities for each unit. Improvements also include newer windows, two new heating systems, and refreshed interiors with new luxury vinyl flooring and updated paint. Several units feature brand-new stainless steel appliances, plus in-unit washer and dryers with hookup. Bathrooms include tiled finishes, and some units offer pine hardwood flooring.
Zoned for high density residential use, the property is located in downtown Milton at 547 White Mountain Highway, across from Milton 3 Ponds. It is described as minutes from schools, convenience stores, town hall, the seacoast, lakes, and mountains, with access to Route 16 and other local amenities.
Delayed, scheduled private showings begin on Friday between 4–6 PM.
Zoned for high density residential use, the property is located in downtown Milton at 547 White Mountain Highway, across from Milton 3 Ponds. It is described as minutes from schools, convenience stores, town hall, the seacoast, lakes, and mountains, with access to Route 16 and other local amenities.
Delayed, scheduled private showings begin on Friday between 4–6 PM.
Key Highlights
- Quadplex on a 0.2‑acre lot
- Renovated through a new rubber membrane roof and unit updates
- Separate utilities for the units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,931
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
11
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex with 0.2-acre lot, renovated units, separate utilities, and newer roof plus heating systems.
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 on a 0.2‑acre lot; Renovated through a new rubber membrane roof and unit updates; Separate utilities for the units
