Updated Three-Unit
For Sale
$875,000
68 Main Street, Exeter, NH 03833
R-2-zoned multifamily building with separated utilities, private decks, and a townhouse-style upper residence.
Property Size3,253 SF
Price / SF$268.98
Days on Market146
Property Features for 68 Main Street
General Information
Standard status
Active
Size
3,253 SF
Property subtype
Multi Family
Zoning
R-2
Additional Details
Public Transit
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$13,832
Amenities
private decks
fireplace
washer/dryer
Central AC
Gas Heater
Yes
3
4
Walk-up
Bulkhead, Concrete Floor, Full, Interior Stairs, Sump Pump
Asphalt Shingle
Grey
Wood Frame
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Derek Greene
(860) 560-1006
Listed By:
Derek Greene · License #MA9503235-RE-B
(860) 560-1006
Source:
Compass
Added: Apr 7
Changed: Aug 29
Last Checked: Aug 29 at 10:10PM
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 Derek Greene
Investment Insights
Based on property information with market context.
This 3,253-square-foot triplex, built in 1900, combines updated interiors with a varied three-unit layout. The two ground-level residences include private decks, while the upper home extends across two levels with three bedrooms, two bathrooms, a fireplace, and abundant natural light. Hardwood floors and custom woodwork are featured throughout, and each residence has its own washer and dryer.
Recent improvements include new boilers, a new roof, upgraded electrical service, and renovated kitchens. Separate utilities support straightforward management. The property is located near downtown Exeter, elementary and middle schools, and the Amtrak station. R-2 zoning completes the profile for this multifamily asset.
Recent improvements include new boilers, a new roof, upgraded electrical service, and renovated kitchens. Separate utilities support straightforward management. The property is located near downtown Exeter, elementary and middle schools, and the Amtrak station. R-2 zoning completes the profile for this multifamily asset.
Key Highlights
- Three‑unit multifamily property with 3,253 SF of building area
- Upper townhouse‑style unit includes 3 bedrooms, 2 bathrooms, and a fireplace
- Two first‑floor units each have a private deck
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
$54,801
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
6.26%
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%
$1,096,020
$1.1M
Cap Rate 7%
$782,871
$782.9K
Cap Rate 9%
$608,900
$608.9K
Market Conditions
NOI Build-Up for 3,253 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
$82.0K $25.20/SF
− Vacancy
−$3.7K −$1.13/SF
EGI
$78.3K $24.07/SF
− OpEx
−$23.5K −$7.22/SF
NOI
$54.8K $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%
$1,096,020
Cap Rate 7%
$782,871
Cap Rate 9%
$608,900
Alternative Uses
Best Use
Multifamily LT 5
$782.9K
$685.0K – $913.4K
NOI $54,801 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$705.2K
$617.0K – $822.7K
NOI $49,363 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$1.08M
$947.6K – $1.26M
NOI $75,811 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
825
Businesses Nearby
Explore this area
Business Placement
Demographics for 03833, NH
22,662
Population
9,789
Households
2.3
Avg Household Size
47
Median Age
54%
College-Educated
98%
High-School Grad
48.5 sq mi
ZIP Area
467
Density / Sq Mi
$110,566
Median Household Income
$59,220
Median Earnings
$1,632
Median Rent
$456,000
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?
Triplex - R-2-zoned multifamily building with separated utilities, private decks, and a townhouse-style upper residence.
Where is this triplex located?
The property is located at 68 Main Street Exeter, NH.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Three‑unit multifamily property with 3,253 SF of building area; Upper townhouse‑style unit includes 3 bedrooms, 2 bathrooms, and a fireplace; Two first‑floor units each have a private deck
