Four-Unit Apartment
For Sale
$849,900
6 Mt Pleasant Street, Newmarket, NH 03857
Unit mix includes one three-bedroom apartment and three two-bedroom apartments.
Property Size3,294 SF
Price / SF$258.01
Days on Market201
Property Features for 6 Mt Pleasant Street
General Information
Standard status
Active
Size
3,294 SF
Property subtype
Multi Family
Zoning
R4
Units
Unit Mix
1 x 3BR, 3 x 2BR
Multifamily Units
4
Additional Details
Gross Income
$96,360
Taxes and HOA fees
Annual Taxes
$11,423
Amenities
on-site laundry
Oil, Baseboard, Hot Water, Multi Zone
Yes
2
4
1
Interior
Unfinished
Architectural Shingle
Gray
Wood Frame, Vinyl Siding
Building Details
Year Built
1910
Buildings
1
Listing Agency:
RE/MAX Executives
(603) 994-8001
Listed By:
Fred Bussiere
(603) 994-8001
Source:
Compass
Added: Feb 10
Changed: Aug 30
Last Checked: Aug 30 at 6:40PM
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 Executives
Investment Insights
Based on property information with market context.
This 3,294-square-foot quadplex contains four apartments, including one three-bedroom unit and three two-bedroom units. Built in 1910, the property has a wood-frame structure with vinyl siding and architectural shingle roofing. On-site laundry and ample tenant parking are also provided.
The property is located at 6 Mt Pleasant Street in Newmarket, near the downtown area and its local amenities and services. R4 zoning supports the existing multifamily configuration. The unit mix provides a combination of larger and smaller apartments within a single four-unit building.
The property is located at 6 Mt Pleasant Street in Newmarket, near the downtown area and its local amenities and services. R4 zoning supports the existing multifamily configuration. The unit mix provides a combination of larger and smaller apartments within a single four-unit building.
Key Highlights
- Four‑unit apartment building with one 3‑bedroom unit and three 2‑bedroom units
- 3,294 square feet of building area
- R4 zoning
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
$55,491
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
6.53%
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%
$1,109,820
$1.1M
Cap Rate 7%
$792,729
$792.7K
Cap Rate 9%
$616,567
$616.6K
Market Conditions
NOI Build-Up for 3,294 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
$83.0K $25.20/SF
− Vacancy
−$3.7K −$1.13/SF
EGI
$79.3K $24.07/SF
− OpEx
−$23.8K −$7.22/SF
NOI
$55.5K $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%
$1,109,820
Cap Rate 7%
$792,729
Cap Rate 9%
$616,567
Alternative Uses
Best Use
Multifamily LT 5
$792.7K
$693.6K – $924.9K
NOI $55,491 @ 7.0% cap · market cap 6.53%
Second Best
Apartment 5plus
$714.1K
$624.8K – $833.1K
NOI $49,986 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$1.10M
$959.6K – $1.28M
NOI $76,767 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
419
Businesses Nearby
Explore this area
Business Placement
Demographics for 03857, NH
9,430
Population
4,443
Households
2.1
Avg Household Size
39
Median Age
50%
College-Educated
98%
High-School Grad
12.6 sq mi
ZIP Area
748
Density / Sq Mi
$94,345
Median Household Income
$53,518
Median Earnings
$1,648
Median Rent
$384,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Unit mix includes one three-bedroom apartment and three two-bedroom apartments.
Where is this quadplex located?
The property is located at 6 Mt Pleasant Street Newmarket, NH.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Four‑unit apartment building with one 3‑bedroom unit and three 2‑bedroom units; 3,294 square feet of building area; R4 zoning
