Renovated Quadplex with Updated
For Sale
$699,900
547 White Mountain Highway, Milton, NH 03851
Multi-Family, Milton, NH
Property Size2,850 SF
Lot Size0.20 Acres
Price / SF$245.58
Days on Market150
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
Bathroom 2, Bedroom 5, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bedroom 1, Bathroom 4, Bedroom 6, Bedroom 2
Standard status
Active
Size
2,850 SF
Lot size
0.20 Acres
Utilities
Utilities
Cable Available
Heating system
Hot Water(Heating), Propane (Heating), Forced Air
Water source
Public
Amenities
in-unit washer/dryer hookup
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) 969-6216
Added: Apr 21
Changed: Sep 13
Last Checked: Sep 17 at 7:06AM
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 2,850-square-foot quadplex includes four bedrooms and four bathrooms across its residential units. Built in 1900 on a 0.2-acre lot, the wood-frame property has undergone renovations that include a new rubber membrane roof, newer windows, two new heating systems, and updated unit finishes. Interior details include luxury vinyl flooring, fresh paint, stainless steel appliances, washer and dryer hookups, pine hardwood floors, and tiled bathrooms. Public water serves the property, with cable available and separate utilities for the units.
The property is located in downtown Milton at 547 White Mountain Highway, across from Milton 3 Ponds. Route 16, schools, convenience stores, town hall, the seacoast, lakes, and mountains are described as being within minutes. Zoning is High Density Residential.
The property is located in downtown Milton at 547 White Mountain Highway, across from Milton 3 Ponds. Route 16, schools, convenience stores, town hall, the seacoast, lakes, and mountains are described as being within minutes. Zoning is High Density Residential.
Key Highlights
- Four‑unit quadplex with 2,850 square feet on a 0.2‑acre lot
- 9.62% current cap rate
- New rubber membrane roof, newer windows, and two new heating systems
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
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
53
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Four-unit residential property with separate utilities, updated interiors, and newer building 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: Four‑unit quadplex with 2,850 square feet on a 0.2‑acre lot; 9.62% current cap rate; New rubber membrane roof, newer windows, and two new heating systems
