4-Unit Residential Property with
For Sale
$799,900
547 White Mountain Highway, Milton, NH 03851
Multi-Family, Milton, NH
Property Size2,850 SF
Lot Size0.20 Acres
Price / SF$280.67
Days on Market195
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 2, Bedroom 5, Bathroom 4, Bedroom 3, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 2
Standard status
Active
Size
2,850 SF
Lot size
0.20 Acres
Additional Details
Individually Metered Utilities
unspecified utilities
Utilities
Utilities
Cable Available
Heating system
Propane (Heating), Hot Water(Heating), Forced Air
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
Listed By:
Andy Yau · License #074320
(603) 431-1111
Added: Apr 21
Changed: Oct 28
Last Checked: Nov 1 at 1:06PM
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.
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Investment Insights
Based on property information with market context.
This 4-unit residential property contains 2,850 square feet on a 0.2-acre lot and dates to 1900. Improvements include a new rubber membrane roof, newer windows, two new heating systems, and updates within the units. Interior features include luxury vinyl flooring, pine hardwood floors, tiled bathrooms, stainless steel appliances, and in-unit washer and dryer hookups. The property has separate utilities and High Density Residential zoning.
In downtown Milton, the property is across from Milton 3 Ponds, with Route 16 and local amenities among the nearby destinations. The remarks also note proximity to schools, convenience stores, town hall, the seacoast, lakes, and mountains. Public water and cable availability are listed.
In downtown Milton, the property is across from Milton 3 Ponds, with Route 16 and local amenities among the nearby destinations. The remarks also note proximity to schools, convenience stores, town hall, the seacoast, lakes, and mountains. Public water and cable availability are listed.
Key Highlights
- Four residential units totaling 2,850 square feet
- 0.2‑acre lot with High Density Residential zoning
- 9.72% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,931
Cap Rate
3.62%
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 3.62%
Second Best
Apartment 5plus
$381.2K
$333.5K – $444.7K
NOI $26,683 @ 7.0% cap · market cap 3.34%
Theoretical Best
Office A
$762.5K
$667.2K – $889.6K
NOI $53,373 @ 7.0% cap · market cap 6.67%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
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 - Separate utilities and interior improvements support the property’s four-unit residential configuration.
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 $799,900.
What are key features of this property?
This property features: Four residential units totaling 2,850 square feet; 0.2‑acre lot with High Density Residential zoning; 9.72% cap rate
