Three-Unit Rental
For Sale
$925,000
6 Francis Street, Hampton, NH 03842
Flexible three-unit layout with separate utilities, partial laundry, porches, decks, and ocean and salt marsh views.
Property Size3,022 SF
Price / SF$306.09
Days on Market14
Property Features for 6 Francis Street
General Information
Standard status
Active
Size
3,022 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
3
Amenities
hardwood flooring
porches or decks
large front porch
laundry
Building Details
Year Built
1920
Listing Agency:
McGuirk Properties,LLC
Listed By:
Tom McGuirk
(603) 944-6564
Source:
Burkelordrealestate
Added: Aug 28
Changed: Sep 9
Last Checked: Sep 10 at 6:26AM
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 McGuirk Properties,LLC
Investment Insights
Based on property information with market context.
Built in 1920, this three-unit property contains more than 3,000 square feet of living space across one-, two-, and three-bedroom residences. Each unit includes a kitchen, with spacious living areas, hardwood flooring in portions of the building, and access to a porch or deck. Separate utilities and laundry are available within portions of the property.
The property is located at 6 Francis St in Hampton, near the ocean, boardwalk, restaurants, and entertainment. Upper-level units receive abundant natural light and offer ocean and salt marsh views. The property is currently operated as a year-round rental and also supports seasonal or weekly rental use, with the option for an owner to occupy one unit.
The property is located at 6 Francis St in Hampton, near the ocean, boardwalk, restaurants, and entertainment. Upper-level units receive abundant natural light and offer ocean and salt marsh views. The property is currently operated as a year-round rental and also supports seasonal or weekly rental use, with the option for an owner to occupy one unit.
Key Highlights
- Three‑unit property with one-, two-, and three‑bedroom residences
- More than 3,000 square feet of living space
- Separate utilities and laundry within portions of the property
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
$50,909
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
5.50%
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%
$1,018,180
$1.0M
Cap Rate 7%
$727,271
$727.3K
Cap Rate 9%
$565,656
$565.7K
Market Conditions
NOI Build-Up for 3,022 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
$76.2K $25.20/SF
− Vacancy
−$3.4K −$1.13/SF
EGI
$72.7K $24.07/SF
− OpEx
−$21.8K −$7.22/SF
NOI
$50.9K $16.85/SF
Area
Rockingham County, NH
Vacancy
4.50%
Lease Rate
$25.20 /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%
$1,018,180
Cap Rate 7%
$727,271
Cap Rate 9%
$565,656
Alternative Uses
Best Use
Multifamily LT 5
$727.3K
$636.4K – $848.5K
NOI $50,909 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$655.1K
$573.2K – $764.3K
NOI $45,858 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$1.01M
$880.4K – $1.17M
NOI $70,428 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
Explore this area
Business Placement
Demographics for 03842, NH
16,048
Population
9,978
Households
1.6
Avg Household Size
53
Median Age
43%
College-Educated
96%
High-School Grad
12.8 sq mi
ZIP Area
1,254
Density / Sq Mi
$94,433
Median Household Income
$53,533
Median Earnings
$1,679
Median Rent
$491,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Triplex - Flexible three-unit layout with separate utilities, partial laundry, porches, decks, and ocean and salt marsh views.
Where is this triplex located?
The property is located at 6 Francis Street Hampton, NH.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Three‑unit property with one-, two-, and three‑bedroom residences; More than 3,000 square feet of living space; Separate utilities and laundry within portions of the property
